BSc monthly magazine Aug The RBI on 14 Sep said it would purchase
Govt Securities (G-Secs) under OpenMarket Operations (OMO) for Z10,000 cr on Sep 19. The move is based on the
central bank's assessment of prevailing liquidity conditions and the durable liquidity needs going forward.
BSc monthly magazine Aug Ai /lOs
are the market operations conducted by the RBI by way of sale/purchase in the market to adjust the rupee liquidity conditions on a durable basis. When the RBI feels there is excess liquidity in the market, it resorts to the sale of securities, BSc monthly magazine Aug thereby sucking out the rupee
liquidity. Similarly, when the liquidity conditions are tight,
it may buy securities from the market, thereby releasing liquidity into
the market.
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Saturday, 21 January 2017
Food Security Act Implemented
The Union government said on November 3, 2016 that the National Food Security Act (NFSA), which envisages supply of subsidised foodgrains, has been implemented across the country. Kerala and Tamil Nadu have also rolled out the
NFSA from November, 2016. With this, now the Act has been implemented in all the States and Union Territories.
At the current coverage, the monthly allocation of foodgrains to States and UTs under the Act is about 45.5 lakh tonnes, with a subsidy implication of about
Z 11726 crore per month or about Z 140700 crore per year.
As a result, 81.34 crore persons will get wheat at Z 2 per kg and rice at Z 3 per kg. Only 11 States had been implementing the NFSA when the NDA came to power. NFSA being an important initiative for ensuring food security, now it is being implemented in all the States and Union Territories.
NFSA from November, 2016. With this, now the Act has been implemented in all the States and Union Territories.
At the current coverage, the monthly allocation of foodgrains to States and UTs under the Act is about 45.5 lakh tonnes, with a subsidy implication of about
Z 11726 crore per month or about Z 140700 crore per year.
As a result, 81.34 crore persons will get wheat at Z 2 per kg and rice at Z 3 per kg. Only 11 States had been implementing the NFSA when the NDA came to power. NFSA being an important initiative for ensuring food security, now it is being implemented in all the States and Union Territories.
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