1. 1600 kms electrification will be done this year and 2000 km electrification will be done next year.
2. Mizoram and Manipur soon will be connected through Broad Gauge.
3. Special purpose vehicle for the Ahmedabad-Mumbai high speed corridor registered this month.
4. Broad Gauge Lumding-Silchar section in Assam will be implemented this year which will connect Barak Valley with rest of country.
5. Overnight double-decker trains will be introduced on business travel routes.
RBI Current Reserve Ratios and Policy
Rates as on 1ST December 2015
1 Bank Rate 7.75%
2 Repo Rate 6.75%
3 Reverse Repo Rate 5.75%
4 CRR 4%
5 SLR 21.5%
6 MSF 7.75%
The structure divides the banks into two categories: scheduled
banks and non-scheduled banks. However, the Reserve Bank
of India is at the center of the banking structure.
Scheduled Banks in India
The eligibility criteria exist for scheduled banks:
a) The first of which entails carrying on the business of banking in India.
b) All scheduled banks must maintain a reserve capital of 5
lakhs rupees in the Reserve Bank of India.
c) These are registered under the second schedule of RBI Act,
1934.
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