Wednesday 3 June 2015

Top Economy news of the day- June 3, 2015

With the forecast of monsoon rainfalls revised downwards, the Ministry of Agriculture has directed states to be ready with contingency plan and start preparations for short duration crops this kharif season. 

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With the forecast of monsoon rainfalls revised downwards, the Ministry of Agriculture has directed states to be ready with contingency plan and start preparations for short duration crops this kharif season.

RBI Governor Raghuram Rajan delivered the first policy rate cut of the current financial year, paring the interest rate at which banks can borrow from the central bank to 7.25 % from 7.50%

The Reserve Bank will issue licences to either small finance banks or payment banks by the end of August end, said RBI Governor Raghuram Rajan.

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