FSR report of RBI says private cryptocurrencies impose risks against anti-money laundering (AML) and become a challenge in combating the financing of terrorism (CFT).
With no change in repo and reverse repo rates, borrowers will continue to repay loans with low interest rates. Inflation worries seem to continue among consumers, but it might have a positive impact on the economy in long term.
Repo and reverse repo rates play a role in determining the retail loan rates and in controlling inflation. In recent RBI Monetary Policy, both repo rate and reverse repo rate have remain unchanged.
Shaktikanta Das has got a three-year extension as RBI Governor because he has proved to be convenient for the government, says Yashwant Sinha.
Shaktikanta Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.
According to an official order, the government has reappointed Das as the governor of the central bank for a period of three years beyond December 10, 2021.
Monetary Policy Committee (MPC) decided to maintain status quo, that is keeping benchmark repurchase (repo) rate at 4 per cent, RBI Governor Shaktikanta Das said while announcing the bi-monthly monetary policy review.
The Reserve Bank of India barred Mastercard from onboarding new customers after the latter failed to comply with data storage norms.
RBI Governor Shaktikanta Das said the farm sector is emerging as a bright spot.
The Modi government soon after assuming office for the second term set a target of taking the economy to $5 trillion over the next five years.
With the above relaxation, more than 78% of the depositors of the bank will be able to withdraw their entire account balance.
The Finance Minister had said that Indian banking sector had the 'worst phase' under the former RBI govenror.
Raghuram Rajan reflected on his worry for the slowdown in the economy, which he said he hoped was cyclical but feared it may be more than that.
According to the press release from PMC Bank's administrator, the bank is in the process of recasting its balance sheet to present a 'true and fair picture'
Nirmala Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.
The post-policy statement of RBI clearly indicates that the central bank is likely to continue to remain dovish.
RBI cut its estimate of economic growth in the current fiscal to 6.1% from earlier estimate of 6.9%.
Raghuram Rajan during his term as an RBI Governor had cautioned the government about the consequences of raising funds through overseas sovereign bonds.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.