The retail direct scheme will be launched to enhance access to govt securities markets for retail investors, while the Ombudsman scheme aims to improve grievance redressal mechanism.
RBI has disallowed recurring card payments without a one-time registration. A central bank's job is to provide a well-oiled payment system, but the RBI has unleashed chaos.
Since the enactment of PSS Act in 2007, the digital payments landscape has undergone extensive changes but the law governing it in India continues to function with various gaps.
Haribhakti & Co is one of India's top chartered accountant firms. This is the first time RBI has taken such action against an auditor of any systemically important NBFC.
The Modi govt had hiked duties & cesses on fuels like petrol and diesel to record levels after a sharp dip in global crude prices last year resulting in higher revenue collections.
The key driver of the disinflation has been the moderation in food inflation even as fuel inflation edged up and CPI inflation, excluding food and fuel inflation, remained elevated.
RBI Governor Shaktikanta Das said MPC unanimously voted for keeping the interest rate unchanged and decided to continue with its accommodative stance for as long as necessary.
The Watal Committee and the Nandan Nilekani Committee, formed to study the digital payments ecosystem, have highlighted the importance of recurring transactions.
RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.
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.
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