BE/RBI/2/2016 – The Reserve Bank of India, on behalf of Government of India, has decided to issue fourth tranche of Sovereign Gold Bonds. Its salient features are as under: Applications for the bond will be accepted from July 18, 2016 to July 22, 2016. The Bonds will be issued on August 5, 2016. The Bonds

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in

Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India. 3.1) Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or

BE/RBI/5/2016 – What is On Tap licence? On-tap licensing means that the window for getting a bank license from RBI is open throughout the year. Earlier, RBI used to invite applications for giving bank licenses, and prospective players submitted their applications within a fixed time-frame as prescribed by RBI. This arrangement was not open all

BE/RBI/6/2016 – Manufacturing sector showed a speedy growth in four months in July on account of flooding new orders, though job market remained muted and inflationary pressure was subdued. This is expected to bring on hopes of the RBI Governor Raghuram Rajan cutting rates as a parting gift, as per PMI survey released.  The Nikkei