The draft amendments envision an obligation for online gaming intermediaries to verify identity of all customers when they register new account for playing games.
While a higher capital outlay has been budgeted for FY 23-24, trends of last FY suggest states have underspent on capex & are unlikely to achieve their targets for 2022-23.
In a bid to boost digital payments, RBI recently allowed RuPay credit cards to be linked to UPI. This was to enable customers to link their credit cards and pay via UPI.
The Nifty 50 was up 0.30% at 17,610.20 as of 11:01 a.m. IST, while the S&P BSE Sensex rose 0.32% to 59,882.93. Both benchmarks had fallen 0.3% ahead of the RBI's rate decision.
RBI said it stood ready to act against inflation if conditions warranted, with Governor Shaktikanta Das saying the decision to pause was 'for this meeting only', signalling further rate hikes were still possible.
RBI is expected to raise its benchmark rate for the 7th consecutive meeting & leave the door open for more increases to bring inflation back within its target range, economists said.
India's forex reserves rose for a second week, increasing by $5.98 billion & stood at its highest since early July, according to RBI's statistical supplement. The rupee ended at 82.16 Friday.
Hindenburg issued a response to a show-cause notice from India’s market regulator. Both documents contain new findings on several aspects of the short-seller’s Jan 2023 report on Adani Group.
The testing facilities were proposed to be set up under the Defence Testing Infrastructure Scheme (DTIS), which was launched by the government in May 2020.
Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.
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