The petition sought direction to Google India Digital Service to give an undertaking to not store data on its app under UPI ecosystem and not to share it with any third party.
Addressing concerns about a possible spike in bad loans after repayment freeze, RBI Governor Das said banks will be able to extend or provide a new moratorium under the new plan.
The process, which started in early 2017, took nearly 2 years to reach the 10-crore mark. But this more than doubled over the last 17 months to touch 25 crore now.
RBI's MPC will be overhauled with 3 new external members expected to join by October & possibly changes to its targeting framework introduced next year.
RBI deputy governor post has been lying vacant since N.S. Vishwanathan retired on 31 March. He was in charge of portfolios including banking regulation.
RBI’s transfer is slightly less than the Rs 60,000 cr estimated in Budget 2020-21, and is unlikely to plug the hole in revenues due to Covid and the lockdown.
Fear of probe agencies investigating bad loans left a deep scar on banking officials, raising their risk-averse nature to lending. RBI wants Kamath panel to take care of those fears.
Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?
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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