Panel set up in May 2022 has recommended ways in which RBI's regulated entities can improve customer service, including easing KYC norms & removing limits on UPI transactions.
According to the govt's first preliminary estimates released mid-May, April services exports stood at $30.36 billion, while services imports totalled $16.50 billion.
Deputy governor MK Jain sought banks to ensure their actions comply with intended purpose and principles of regulation and not just stick to literal or technical interpretation.
RBI has hiked interest rates by 250 basis points since May 2022 to combat inflation. Study by central bank says growth might have been ‘sacrificed’ by 65 basis points due to this.
During the year, RBI saw a gain of 1.03 trillion rupees from foreign exchange transactions, which allowed it to increase the size of its contingency fund, the report showed.
Union Govt’s MyGov Twitter handle and State Bank of India together put to rest some concerns that arose following RBI’s Friday announcement to discontinue the Rs 2,000 note.
The Indian planning system did not encourage individuals based on ‘what they knew’, but on ‘whom they knew’. Many left for countries that recognised their talent.
The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation.
Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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