Banks recover over Rs 10 lakh crore in last nine years Subject: Economy Section: Monetary Policy In News: Banks have undertaken an aggregate recovery of Rs 10 Lakh crore during the last nine years through measures taken to recover and reduce non-performing assets, the finance ministry has stated in Parliament. Key Points: Comprehensive […]

    US Fed Rate hike takes interest rates to highest level in more than 22 years Subject: Economy Section: Monetary Policy Context:: The Federal Reserve approves a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. Key Points: Federal Open Market Committee (FOMC) raised its […]

    CCI refuses to interfere in IRDAI’s regulatory functions Subject: Economy Section: Msc Context:: Regulatory power of Competition Commission of India (CCI) only includes regulating of markets and does not extend to monopoly over regulatory powers, says CCI in case involving IRDAI’s Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA). Key Points: CCI […]