The Satisfaction Academy

RBI GRADE B PHASE 2 ESI FM STUDY MATERIAL 2020 A Special Open Market Operation The Reserve Bank of India (RBI) conducted a special open market operation—simultaneously buying long-tenor bonds and selling short-tenor government bonds.It is the first time that the RBI has conducted a special open market operation (OMO) of this kind, similar to the 'Operation Twist' carried out in the United States near the start of the decade. Reason of announcing such move- This move announced  to target term spreads or the difference between the 10-year bond yield and that of a one-year treasury bill.Such a move is aimed at reducing long-term interest rates and spur bank lending. Reason of rising bond yields- Sudden hardening of the US bond yields- US bond yields have increased by about 20 bps in the last couple of days and that had a profound negative impact on the sentiments of bond market participants. Underperforming Rupee- On year to date basis, there is a 7?lta for Indian currencies perfo...

RBI GRADE B PHASE 2 ESI FM STUDY MATERIAL 2020 Reasons Behind Success of Swachh Bharat Mission (SBM) Mass Communication Campaign: Swachh Bharat Mission, recognising the issue of social acceptability, launched a massive communication campaign to bring about a change in the social attitude. Reaching out to the masses effectively was one of the foremost foundations of this scheme.The Prime Minister of India's leadership in SBM, became the key ingredient for success of Swachh Bharat Mission. Clear Vision: Swachh Bharat Mission had clearly defined national targets, the action plan and outlined the tasks and roles at each level of operation. Use of Nudge Theory: Majority of funds in SBM have gone towards incentivising the poor and marginalised households to construct and use household toilets, bringing about behaviour change, and building capacities of field functionaries. Long Term Approach: Achieving ODF status hasn't led to closure of the mission.Government under rural sanitation ...

RBI GRADE B PHASE 2 ESI FM STUDY MATERIAL 2020 RBI Report on Bank Loans The Reserve Bank of India's (RBI) weekly statistical supplement released on 14th Feb 2020, showed that Indian banks' loans rose 7.1% in the two weeks to 31st January 2020 from a year earlier. It also showed that the deposits increased to 9.9%. In the fortnight to January 31, the outstanding loans rose Rs 989.26 billion ($13.86 billion) to Rs 101.03 trillion. Non-food credit rose Rs 1.02 trillion to Rs 100.24 trillion Food credit fell 32.02 billion rupees to Rs 788.99 billion Bank deposits rose Rs 1.98 trillion to Rs 133.24 trillion. WAP 8961215410 FOR DETAILS OF STUDY MATERIAL .

RBI GRADE B PHASE 2 ESI FM STUDY MATERIAL 2020 20th Financial Stability Report The Reserve Bank of India, RBI has released its 20th Financial Stability Report on 27th Dec 19. The report depicts that the country's financial system remains stable despite slowing economic growth. As per the 20th Financial Stability Report: The resilience of the banking sector has improved following recapitalization of Public Sector Banks (PSBs). Persistence of the risks arising out of global or domestic economic uncertainties and geopolitical developments like a delay in the Brexit deal, trade tensions, whiff of an impending recession, oil-market disruptions and geopolitical risks. India’s financial system remains stable notwithstanding weakening domestic growth. India’s exports could face headwinds in the event of sustained global slowdown. Current account deficit is likely to be under control reflecting muted energy price outlook. Scheduled commercial banks’ (SCBs) gross non-performing assets (GNPA)...

RBI GRADE B PHASE 2 ESI FM STUDY MATERIAL 2020 Budget 2020 - 21 Highlights  👉Economy and Finance: 🔸A new tax regime has been announced. But, this is optional in nature. The new regime is applicable to individuals who would opt out of the rebates-based old regime. The old regime is still there. If anyone wants to continue taking exemptions (deductions to bring down their taxable income), they will have to pay a higher tax rate(old regime). However, the ones opting out can benefit from lower tax rates. This is a move towards a cleaner and simpler tax structure. 🔸Bank deposit insurance cover has been increased from 1 lakh to 5 lakh. In the event of the bank run, people have improved financial security. This reform was long pending. In light of the ailing banking sector, this move will boost savings and deposit rates. 🔸A new Vivad se Vishwas scheme has been proposed. This is to settle litigation pertaining to direct taxes. The penalty and interest charges due to delay are waived of...