Thursday, 23 September, 2021
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RBI Governor Shaktikanta Das addressing a press conference in Mumbai (file photo) | ANI photo

Need higher investment in healthcare, infrastructure for sustainable growth: Shaktikanta Das

Speaking at an event Wednesday, the RBI Governor said restoring the durability of private consumption, the mainstay of aggregate demand, will be 'crucial' in the post-pandemic future.
A file photo of Finance Minister Nirmala Sitharaman. | Photo: ANI

What is Modi govt’s ‘bad bank’ that will buy Rs 2 lakh crore debt, free up lending

National Asset Reconstruction Co. Ltd (NARCL) is awaiting RBI’s nod. It aims to free up bank resources for lending to productive sectors of the economy.

Markets, inflation are feeding Indians’ gold frenzy. Govt should wean them away

Marriage and festive demand, and high inflation are pushing gold imports. Decline in interest rates on savings instruments, and equity market issues could boost this further.
A machine counts a stack of US 100 dollar banknotes | Representational image | Bloomberg

Forex reserves surge by $16.66 to record high of $633.55 billion in August

The surge was due to an increase in special drawing rights holdings, RBI data showed. IMF made an allocation of SDR 12.57 billion to India in August this year.
Axis Bank Ltd. branch in Gangtok, Sikkim | Photo by Prashanth Vishwanathan | Bloomberg

RBI imposes Rs 25-lakh penalty on Axis Bank for non-compliance with KYC norms

According to Reserve Bank of India, Axis Bank failed to comply with certain provisions of the KYC directions during February and March 2020 in a customer account.
RBI governor Shaktikanta Das (file photo) | Photographer: Kanishka Sonthalia | Bloomberg

RBI to conduct operations to manage unanticipated liquidity flows, says Shaktikanta Das

While speaking at an event, RBI governor said the fine-tuning operations was done so that liquid conditions in the system evolve in a balanced and evenly distributed manner.
US dollar | Representational image | Bloomberg

Forex reserves decline by $2.47 billion to $616.89 billion in August

The decrease in the reserves was due to a drop in the foreign currency assets (FCAs), a major component of the overall reserves, RBI data showed.
The Reserve Bank of India (RBI) logo | Bloomberg

Why RBI’s proposed microfinance policy changes are borrower-friendly

Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.

Continued monetary policy support to revive economy need of the hour, says RBI Governor

MPC external member Jayanth R Varma voted against RBI's accommodative stance and argued for raising money market rates towards repo rate of 4 % from currently 3.35%.
The Reserve Bank of India (RBI) logo | Bloomberg

RBI ban on Mastercard onboarding new customers revives debate on data localisation mandates

Access over data does not depend on local storage but on the ability of nations to access data through legal instruments and cooperation. But the ban may impact consumers and investor sentiments.

On Camera

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UAE Minister of State for Foreign Trade Thani Al Zeyoudi (file photo) | Bloomberg

UAE seeks $100 billion non-oil trade with India to deepen economic ties

The United Arab Emirates ​is looking to reposition itself as a global hub for business and finance in the face of growing regional competition from Saudi Arabia.

Defence

Air Marshal VR Chaudhari | Twitter/@PIB_India

Air Marshal VR Chaudhari appointed as next Chief of Air Staff

Air Marshal Chaudhari, presently serving as Vice Chief of the Air Staff, will take charge after the retirement of Air Chief Marshal Bhadauria on 30 Sept, the defence ministry said.

Modi at 71 has zero challenge. But one CM is emulating him, a divisive, rising BJP star

Yogi has put high command in a tough situation. If he doesn’t win UP next year, it will set back BJP’s prospects in 2024. If he wins, it will be seen as his win as much as theirs.
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