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Urjit Patel Appointed IMF Executive Director Why in the News ? The government has appointed former RBI Governor Urjit Patel as India’s next Executive Director (ED) at the IMF for a three-year term. The position was vacant since April 2024 after Krishnamurthy Subramanian’s exit. Patel’s appointment marks his return to a key global role. About …
Read MoreSyllabus: GS Paper – 3 Banking Sector & NBFCs, Monetary Policy, Growth & Development Why in the News? The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the RBI repo rate unchanged in its latest RBI MPC meeting decision, citing a neutral stance. Despite global headwinds like reciprocal tariffs by …
Read MoreWhy in the news? RBI Governor raises concerns about unauthorised forex platforms, urges banks to enhance vigilance against illegal activities. source:slideshare Highlights of the Alerts and Cautioning: RBI Governor Shaktikanta Das addressed concerns over unauthorised forex trading platforms, urging banks to enhance vigilance against illegal activities. The RBI has been cautioning both banks and the …
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