Friday, 2 December, 2022
TopicRBI

Topic: RBI

RBI to launch first pilot for retail digital rupee on 1 December

The pilot will be launched in two phases, with State Bank of India, ICICI Bank, Yes Bank and IDC First Bank participating in the first phase across four cities in the country.

How Chandra Shekhar govt and RBI hatched a plan to pledge India’s gold in 1991

In 'Forks in the Road: My Days at RBI', former governor C. Rangarajan gives a first-person account of India's economic crisis and history.

Indian economy to grow 6.1%-6.3% in second quarter of 2022-23, says RBI

In its monthly bulletin, the central bank said the country is on course for a growth rate of about 7% in 2022-23. Data for the July-September quarter will be released on November-end.

Low tariff of civic services hurting financial viability of India’s ULBs, says World Bank

Indian cities require an estimated capital investment of US$ 840 bn in 15 yrs in urban infra & municipal services, equivalent to 1.18% of estimated GDP over this period, it adds.

Why FPIs are fleeing Indian debt and how bond markets have become volatile

Overseas ownership of Indian govt & sovereign bonds has fallen to record lows. FPIs have utilised less than 25% of their investment limit in govt bonds & just 17% in corporate bonds.

‘India’s urban local bodies among weakest globally’: RBI decries reliance on state, central grants

Municipal corporations need innovative alternative sources of financing to cater to increased infrastructural demands, says report by RBI.

Indian banks are heading into a trap. High inflation and interest rates are a deadly mix

It is increasingly a good time to deposit money and an increasingly costly affair to take a loan. Banks are finding that their avenues for lending are more curtailed.

Our take on stubble burning, Imran Khan assassination bid and Morbi tragedy—in 50 words

ThePrint view on the most important issues this week.

UPI powers India’s digital transactions. RBI’s eRupee is compelling but must argue retail use

Could the eRupee piggyback as a key piece of the larger 'digital stack'? RBI's concept note gives a direction, but there are concerns that must be addressed.

How RBI’s inflation targeting regime has had a stabilising influence on price rise in India

Adopted by India in October 2016, the inflation targeting framework gives flexibility to the RBI to also focus on growth without undermining its inflation control objective.

On Camera

YourTurn

Prannoy Roy in Abu Dhabi

You can call NDTV elitist, anglicised. But it defended democracy, gave us Ravish Kumar

In all these years of covering elections on NDTV, I do not recall a single occasion when I was asked or even hinted to say or not say something. I disagreed with Prannoy Roy off-screen and on-screen and that was never a problem.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.