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Saturday, April 27, 2024
TopicRBI

Topic: RBI

Central banks on buying spree, strong retail demand — what’s fuelling the big gold price rally

Gold’s ability to hold value in times of political and economic uncertainty makes it a favoured asset in central bank reserves. It is considered a long-term hedge against inflation.

RBI keeps key repo rate unchanged at 6.5%, expects robust growth but inflation above 4% target

Repo rate was raised by 250 basis points between May 2022 and February 2023. Robust growth to provide space for monetary policy to remain focused on bringing inflation down to 4% target.

SubscriberWrites: Absurdity of defending Anonymous Electoral Bonds

This argument defending AEB is weak also because demand of illegal money is relatively inelastic & not readily interchangeable with legal money.

When ET says, ‘Kejriwal go home’ & Peking’s renaming spree

The best cartoons of the day, chosen by the editors at ThePrint.

PM Modi addresses ceremony marking 90 years of RBI, highlights new policies

The Reserve Bank of India (RBI) commenced its operations on the 1st of April in 1935 and enters its 90th year today.

RBI extends deadline for submission of entries for Financial Literacy Ideathon

Deadline for entries is being extended to April 15, 2024, the RBI said in a statement on Thursday.

RBI imposes ₹1.31 crore penalty on Tamilnad Mercantile Bank for non-compliance

The RBI has clarified that the penalty is not intended to pronounce upon the validity of any transactions or agreements that the bank has entered into with its customers.

Complaints to RBI ombudsman up 68% in FY23, banks biggest cause for customer grievances

Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.

Vijay Shekhar Sharma steps down as Paytm Bank chairman, board reconstituted

PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi among others.

Paytm hits new record lows. Macquarie says meeting deadline to shift customers would be ‘arduous’

Paytm has lost nearly 50% of its market value, resulting in roughly $3 billion of its shareholder wealth. It hit a record low of Rs 380.10 earlier in the day.

On Camera

Indira, Manmohan, Modi, all raised income inequality. Until Hindu fears took the driving seat

The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.

Foreign policy resonating among more Indians in 2nd & 3rd tier towns of India, says EAM Jaishankar

Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.