Lack of dedicated debt agency leads to conflict between managing govt debt and inflation. RBI chose former, but rate hike would have helped normalisation, attracted foreign funds.
With output barely above pre-pandemic level, private consumption lagging and price rise expected to moderate, there is need for accomodative policy, RBI governor said.
RBI allowed lenders to offer derivative products this month. Banks like ICICI Bank & Axis Bank sold barrier forex options to customers including Reliance Industries & Supreme Petrochem.
A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.
RBI could tighten digital lending rules as early as this year. Guidelines under consideration include penalties on non-compliant apps, with a focus on unregulated loan providers.
The stock tumbled to its lowest level since listing in 2016 after Yogesh Dayal, a career central banker, was appointed by the Reserve Bank of India for a period of two years from 24 December.
To secure card transactions online, RBI has mandated all authorised card networks to issue merchant-specific tokens against card details. Here’s a look at what that will entail.
Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.
India's projects related to BIMSTEC, Look-East-Act-East and Indian Ocean Rim Association could suffer a setback, impacting trade with South Asia and the South-South Cooperation agenda.
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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