Bill providing up to 4 nominees for bank account tabled – Banking Laws (Amendment) Bill 2024 Sub : Eco Sec: Capital MARKET Introduction of Multiple Nominees: The Bill introduces a provision allowing account holders to nominate up to four nominees for their bank accounts and lockers. It also provides for simultaneous and successive […]

    Why Has the RBI Policy Panel Kept Interest Rates Unchanged for the 9th Time? Sub: Eco Sec: Monetary Policy Persistent Food Inflation: The RBI’s Monetary Policy Committee (MPC) kept the Repo rate steady at 6.5% for the ninth consecutive time due to persistent food inflation. Food inflation remains a significant concern as it […]

    On Monetary Policy and Financial Markets Sub: Eco Sec: Monetary Policy Global Monetary Policy Challenges: Rapid market volatility has exposed the challenges central banks face when implementing monetary policy amid strong financial markets. Central banks, like the Bank of Japan, have made interest rate adjustments (e.g., raising rates) to combat inflation and economic […]

    Lok Sabha Passes Finance Bill, Amends Provision on LTCG Tax Sub: Eco Sec: Fiscal Policy Finance Bill, 2024 Passed: Amendment on LTCG Tax: Relaxation on the proposal for the long-term capital gains (LTCG) tax on real estate. Taxpayers can switch to a new lower tax rate or stick to the old regime with […]