Archive for: 2017

RBI’s Monetary Policy – Status Quo

RBI's Monetary Policy
The Reserve Bank of India’s Monetary Policy Statement for 2016-17 was released on February 8, 2017. This is the sixth bi-monthly monetary policy released by the RBI for the year 2016-17. The policy repo rate under the Liquidity Adjustment Facility has been kept unchanged at 6.25%.  As a result,...

Host cities for the modern Olympics

The Olympics originated in ancient Greece over 3,000 years ago. The Modern Olympics were revived in the late 19th century and have become one of the world’s top-tier sporting competitions. The goal of the Olympic Movement is to contribute to building a peaceful and better world by educating youth through sport...

BHIM: UPI-based mobile app launched

Prime Minister Narendra Modi has recently launched a mobile app called ‘BHIM’ (BHarat Interface for Mobile), as he urges people to make digital payments a “routine” to help make India a cashless economy. The BHIM app is a modernised version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary...