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Tuesday, October 8, 2024
TopicRBI

Topic: RBI

RBI Act needs to be amended to remove ambiguity on surplus flows to govt

The current RBI Act allows the central bank’s board to decide how much it wants to tuck away as contingency or other reserves.

RBI cracks down — banks fined Rs 109 cr this year, up from Rs 96 crore in 2018

The penalties imposed on commercial banks by RBI in the first seven months of this calendar year are 395 per cent higher than the total for 2017.

Yes Bank shares drop 20% after profit misses estimates on bad loans

Yes Bank reported a profit of 12.6 billion rupees in the June quarter. It has set aside 17.8 billion rupees as bad loans provisions.

RBI reserves to be transferred to govt in tranches over 3-5 years, Jalan panel recommends

The panel, set up by RBI and govt to settle the debate over transferring surplus, has been divided, leading to a delay in submitting its report.

Facebook close to launching WhatsApp payment service in India

The WhatsApp payments offering has been in beta mode in India since early 2018. It’s gearing to meet RBI’s data localisation rule to launch nationally.

Ajit Ranade on govt’s dependency on RBI, Mahesh Vyas on job slowdown, focus on exports asks Gurcharan Das

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Wholesale inflation drops to 2.02% in June, hits 23-month low

The decline in wholesale price-based inflation was helped by a drop in prices of vegetables, fuel and power items.

Retail inflation shoots up to 3.18% in June due to rise in food prices

Retail inflation has been on the rise since January this year which stood at 3.05% in May 2019 and 4.92% in June 2018.

Facebook has no plans for Calibra or cryptocurrency in India

Facebook says there are restrictions in India that prevent launch of Calibra and it will work with regulators to see if rules can be updated.

RBI rate cuts now reaching consumers in two-three months, not six, says Shaktikanta Das

Beginning February this year, the RBI has cut key policy rates by 75 basis points, helped by a benign inflation of 2-3 per cent.

On Camera

Why Modi-Shah have failed to develop mass leaders in states the way Vajpayee-Advani did

BJP had leaders like Modi, Chouhan, Raje, Raman Singh, BSY, and Dhumal who kept the party’s flame burning. Those promoted by Modi-Shah in the last 10 years fail to inspire confidence.

How businesses can become more resilient to the physical impacts of climate change

Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.

‘Nightmare at Chennai Marina’: 4 dead, 96 hospitalised after pandemonium at packed IAF air show

Lakhs of people were stranded at beach in heat as crowd control measures apparently failed. At least 14 lakh people were in attendance though police had expected around 10 lakh.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?