At conference held by FEDAI on Sunday, M. Rajeshwar Rao said if central bank’s efforts towards rupee-invoicing bear fruit, local exporters and importers will not need to hedge.
RBI said that cryptocurrencies are akin to a Ponzi scheme. Extending India's money laundering rules will help monitor transfer of these assets beyond country's borders.
At a post budget industry event in Jaipur Monday, the Finance Minister noted that inflation is unique to each country in the emerging markets & the RBI will take the required steps.
Unlike terms & condition document, key facts statement is a simple, page-long snapshot of key information about a loan. However, depth of information it offers can be shallow.
Markets were expecting pause in rate hike cycle after 25 basis points hike but RBI gave no such assurance. Globally, too, central banks have continued to tighten monetary conditions.
As India and the US negotiate co-producing Stryker infantry combat vehicles and Javelin missiles, it’s raising questions about implications for indigenous weapon systems.
Revenue surplus has been estimated at Rs 1,700 cr. Water resources, women & child development, MSME, cow welfare & happiness departments see major hikes in outlay. No new taxes announced.
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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