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Tuesday, October 8, 2024
TopicRBI

Topic: RBI

NBFCs will soon be out of the woods as funds flow eases, economic affairs secretary says

RBI can now supersede boards of NBFCs, remove their top management, and audit accounts of group firms by seeking financial statements.

Modi govt’s hike in duties on petrol & diesel unlikely to stop RBI from cutting rates

Finance Minister Nirmala Sitharaman’s decision to raise duties on fuel is unlikely to threaten the inflation outlook, keeping alive expectation of more rate cuts.

Ex-RBI chief, deputies oppose Modi govt’s proposal for overseas bond sale

An ex-governor and two deputies of the RBI have argued that the time is not ideal for such an issuance because India runs quite a large budget deficit.

RBI gets more power to regulate India’s struggling shadow lenders

Nirmala Sitharaman said the RBI will replace the National Housing Bank and be the regulator of housing finance firms such as Dewan Housing Finance Corp. and Anil Ambani’s Reliance Capital.

Why all funds deposited by Indians in Swiss banks are not black money

As India has ranked 74th in terms of money stashed by its residents in Swiss banks, ThePrint takes a look at the different legitimate ways of transferring funds overseas.

RBI says big NBFCs need more scrutiny, any failure could cause huge losses

In its financial stability report RBI says, shadow lenders should work on “sustainable” balance sheet growth.

It wasn’t a mistake to hire ‘Harvard’ economists, but Modi govt should’ve paid heed to them

The country is the loser when top-flight economists leave, especially when growth has slowed and there are macro-economic challenges in every direction.

A hard-hitting batsman not at the World Cup & a PM bent on flogging a ‘dead’ opposition

The best cartoons of the day, chosen by the editors at ThePrint.

RBI pushed for trading platform to make forex cheaper for retailers. But it benefits banks

RBI allowing banks to charge users a ‘pre-agreed flat fee’ affects its intention of reducing retail cost of buying & selling foreign currencies.

RBI says all data processed outside India will have to be brought back within 24 hours

The RBI said in its FAQs that after processing, data regarding payments shall be stored only in India & the complete end-to-end transaction details should be included.

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?