Speaking at an event organised by the International Monetary Fund (IMF), Das said policy challenges for the region have accentuated due to the Covid-19 pandemic & the war in Ukraine.
The government's order was being declared unlawful “only on a purely legalistic analysis of the relevant provisions of the Act and not on the objects of demonetisation”, she says.
Central bank says developing framework on crypto priority under India’s G20 presidency at a time when implosions of crypto exchanges, lenders & asset values have revealed inherent risks.
While commercial banks wrote-off Rs 10.09 lakh crore in last five financial years, they have recovered only Rs 1.32 lakh cr — a shade over 13% — from these written-off accounts.
This is the second quarter of an increase in a row in interest rates for some schemes. This follows a status quo or unchanged rates for nine straight quarters.
While persistent inflation led to failure to achieve inflation target in 2022 for the first time since 2016 and exports slowed down, the banking sector continued to be resilient.
Projection for inflation has been retained at 6.7% for this year and while peak inflation may be behind us, it's still above RBI's comfort level. So, keeping an eye on it is desirable.
For this financial year, the rupee is down about 11% against the dollar, broadly in line with other major Asian currencies such as the offshore Chinese yuan and the Korean won.
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.
The US House has effectively drawn a line in the sand and approved the release of the Epstein files despite President Trump's efforts to stop it from happening.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
COMMENTS