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Tuesday, June 25, 2024
TopicRBI

Topic: RBI

India-UAE vow to double non-petroleum trade to $100 bn by 2030, discuss rupee-dirham trade mechanism

Union minister Piyush Goyal and UAE's Thani bin Ahmed Al Zeyoudi conclude 1st session of India-UAE Joint Committee on Comprehensive Economic Partnership Agreement.

Productivity growth crucial for overall recovery of emerging economies, says RBI deputy governor

Michael Patra, in a speech at Sixth Asia KLEMS Conferenc, said it is widely believed that structural slowdown has been spreading across global economy after growth peaked in 2010.

If consumer confidence is a political bellwether, are current levels enough to help BJP win 2024?

Neither the measure of current sentiments nor of future expectations of consumers has reached near March 2019 levels. Scores still to rise much above pre-Covid crackdown of March 2020.

Inflation eased, but here’s why RBI’s unchanged policy repo rate is likely to stay for some time

While status quo on rates was expected, there was difference of opinion on stance, which was also left unchanged to focus on withdrawal of accommodation to ensure inflation aligns with 4% target.

Around Rs 1.8 trillion 2000 notes in circulation have come back, says RBI governor

Currency in circulation was down by 272.8 billion rupees for week ended June 2, data from RBI showed late Wednesday.

RBI to hold rates, markets on guard for any shift in stance

The MPC, which has three members from the RBI and three external members, is expected to leave the repo rate at 6.50% for a second straight meeting.

Around 80% choose to deposit Rs 2,000 notes into bank accounts, not exchange them, say bankers

The inflow of notes will likely push up bank deposit growth from the current 10.9%, RBI data showed.

Make it easier for nominees & heirs to access money left to them, RBI-appointed panel suggests

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.

India’s April services imports fall 3.1% to $13.63 billion on year, RBI data shows

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.

RBI deputy governor calls for robust risk management, better governance at banks

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.

On Camera

Buses are stuck on third gear in India. It’s time to privatise with London-style GCC model

Using a GCC model, where the state contracts private operators, lowers costs and subsidies. It’s possible to run a high-quality service, as anyone who has used London’s buses will attest.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

Amid tensions with China, Philippines says BrahMos a ‘credible defence’

At interaction in Delhi Monday, Ambassador of Philippines also highlighted talks over possibility of high-level delegation visit later this year to mark 75 yrs of diplomatic ties.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

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.