Both bodies flagged concerns before scheme's introduction, fearing it may be seen as 'facilitating' money laundering or that it could violate provisions under Representation of People Act.
Most global central banks acknowledge easing in inflation but note it remains above target. Recent geopolitical disruptions also pose upside risk to inflation, a view held by RBI as well.
Governor Shaktikanta Das also provided a positive outlook for manufacturing and services sector, while adding that agricultural sector was expected to remain resilient.
RBI had Wednesday put curbs on Paytm Payments Bank, a banking partner of Paytm, which included prohibitions on onboarding new customers and operating its mobile wallet services.
Paytm Payments Bank won't be allowed to take further deposits in any customer accounts after 29 Feb, and no credit transactions will be allowed either, including via wallets, RBI said.
The deficit widened to 3.34 trillion rupees ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed.
The RBI suggested in a December 2023 report that with GST impacting ‘vertical fiscal imbalance’, states should consider collecting additional taxes under the head ‘States’ Own Tax Revenue’.
Firms have seen losses because of tax imposed in 2022 on crypto assets & uncertainty amid unfriendly regulations. They are, however, hoping for a policy shift in upcoming Budget.
Central banker remains guarded over use of virtual currencies. US markets regulator has allowed firms to issue certain instruments on US stock exchanges that track Bitcoin.
RBI Governor Das highlighted benefits of central bank digital currencies, or e-rupee in India’s case, and said it is working on ‘programmability’ of e-rupee to enable cash transfers.
Without my phone, I wasn't thinking about capturing some beautiful textiles for my ‘inspiration gallery’. I was fully present, taking in the colours and patterns on display.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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