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Saturday, April 20, 2024
TopicReserve Bank of India

Topic: Reserve Bank of India

Are people holding on to cash after lockdown? New RBI data seems to suggest so

Data shows a sharp increase in cash holding after the lockdown was imposed in March. The demand for Rs 2,000 notes has surged, say bankers.

Why lockdown can save the RBI from explaining ‘failure’ to fight inflation to govt

RBI has to answer to Parliament if it misses the inflation target for three quarters. Inflation has stayed above 6% for two quarters now, with a third likely.

Govt introduces bill in Lok Sabha to bring cooperative banks under RBI supervision

Opposition members opposed the introduction of the Banking Regulation (Amendment) Bill, accusing the Centre of encroaching on the rights of states.

RBI expected to make inflation and growth forecast on 1 October — first time this fiscal

RBI is mandated by law to make its projection every six months. The last projection on growth and inflation was made in February.

Stringent Kamath panel suggestions mean not many stressed firms can avail of RBI debt recast

RBI has implemented KV Kamath panel’s recommendations in totality, including parameters like high debt service coverage ratio and investment grade rating.

Supreme Court restrains banks from declaring accounts as NPAs until further notice

A bench led by Justice Ashok Bhushan issued the interim order while was hearing a batch of petitions seeking waiver of interest on deferred EMIs during the moratorium period.

Why growth of India’s forex reserves is set to slow after new RBI measures

RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months.

Detection of fake Rs 200 notes saw 151% rise in 2019-20, RBI report says

The RBI annual report also says fake notes of new Rs 500 series saw a 37% rise in 2019-20, and that there was a fall in circulation of Rs 2,000 notes.

Covid impact has ‘severely diminished’ space for govt to support demand, says RBI report

RBI favours a ‘credible consolidation plan’ with specific action points to reduce the Centre’s debt and deficit levels. It adds states may need to cut growth-giving capital expenditure.

Kamath panel won’t look at retail loans restructuring, banks will decide, RBI says

When the committee was announced as part of RBI’s loan restructuring plan, banks were under the impression it would suggest norms for retail and corporate loans.

On Camera

Ram temple Surya Tilak was spectacular but the puffery around ‘science behind it’ wasn’t

We need to give credit to our attention-starved scientists for their true achievements. Perhaps a good way to start would be to not mix science with religion.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.