Topic: RBI
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.
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.
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.
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 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.
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.
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%.
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.
From would-be employed to badly employed—the group that will lead India’s next mass movement
We have for the first time a group that can spearhead a nation-wide movement for employment.
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 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.