RBI lifted ceiling on interchange fee on ATM withdrawals through circular issued Friday. Interchange fee is amount one bank pays another to facilitate ATM transactions.
RBI Monetary Policy Committee member Ram Singh says Budget 2025 provides opportunity for govt to show it is doing its part to address growth-inflation dynamics.
In its first advance estimates for the current financial year, govt predicts growth to be slower than RBI’s prediction of 6.6% & much lower than 8.2% seen in FY24.
While gross FDI flows have stagnated over past few years, repatriation & disinvestment by foreign firms has surged. Indian companies, too, are investing much more abroad.
Narrowing of the wedge between credit and deposit growth, and the possible easing of the monetary policy, could weigh on the net interest margin of banks in 2025.
Court ruled NCDRC's 16-yr-old decision 'appropriated' the RBI's jurisdiction. The commission had acted on a petition alleging exploitation of credit card holders.
Ever-increasing cases of police high-handedness against soldiers are impacting the morale of the Armed Forces. It is only a matter of time before the situation spirals out of control.
RBI lifted ceiling on interchange fee on ATM withdrawals through circular issued Friday. Interchange fee is amount one bank pays another to facilitate ATM transactions.
Anti-infiltration mine triggered by intrusion in Krishna Ghati Sector followed by unprovoked firing by Pakistan Army, to which Indian troops responded in 'controlled & calibrated manner'.
Trump threatening to pull the trigger might be just what is needed to wake up India’s self-congratulatory establishment from its headline-managing fantasies.
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