Reserve Bank of India
Developing countries ignoring cryptocurrency at their own risk: UN
August 17, 2022
Despite the warnings by the Reserve Bank of India about cryptocurrencies and the ambivalent response of the Indian government towards cryptocurrencies, a large number of Indians have already acquired these digital assets, says a report by the United Nations. The United Nations Co...
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Despite rising inflation, RBI holds interest rates at lowest-ever
April 9, 2022
The Monetary Policy Committee of the Reserve Bank of India that ended its two-day meeting on Friday has decided to keep the repo and reverse repo rates at 4 pc and 3.5 pc respectively, the lowest-ever levels for both the benchmark rates. The decision was taken even as the MPC and...
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India 4th most prone to spam calls & cyber crime
December 23, 2021
Over 202 million calls were made from just one number in India in a period of 10 months, or over 664000 calls every day, 27000 calls every hour of every day or 450 calls per minute every minute of every day in the period. That mindboggling figure explains the extent of spamming t...
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No silver lining on economy’s dark clouds
August 21, 2020
Despite various measures announced by the government, there is no sign of any revival in the Indian economy which has continued its sharp decline since March. Inflation continues to rise, job losses spread across sectors and the economy continues to contract.
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New rules for investment and taxes for NRIs
February 14, 2020
In a move to curb the exploitation of the residency rules to avoid paying taxes, the government has redefined the qualifications which categorises a person as a non-resident Indian (NRI) and target those who enjoy the stateless status through short stays in different countries. A...
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Modi’s myriad challenges
January 9, 2020
After storming into office for a second time with a thumping majority, challenges for Narendra Modi’s government has not wilted in any way. Instead it has taken myriad forms…
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Indian economy: Bold reforms awaited
August 21, 2019
After a prolonged pause in the first term of Narendra Modi government, expectations are high for the government to finally step back into reform mode and push ahead a series of much-awaited and bold reforms.
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New RBI governor works to untangle mess of urgent issues
December 14, 2018
Shaktikanta Das takes charge amidst the clamour about intruding the autonomy of RBI and controversy regarding his educational qualification.
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RBI warns of the increasing rise in bank frauds
September 7, 2018
The number of fraud cases which averaged 4,500 a year in the past 10 years, increased to 5,835 in 2017-18, according to RBI reports. Public sector banks (PSBs) accounted for 92.9 pc of the amount involved in frauds of more than INR 0.1 million in 2017-18, while private sector ban...
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Mixed signals from Indian economy
August 30, 2018
The rupee has continued its slide, hitting new lows everyday of this week. However, the stock markets continue to reach new peaks almost everyday. Can the contra movement in these two key indices of the health of economy continue forever?
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The curious case of new bank notes in India
August 31, 2017
The new INR 50 and INR 200 notes are rolled out to ease transactions says the Reserve Bank of India (RBI); will it really help the common man of India or is it more of a graphical publicity?
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Netizens and their truce with fake news in India
August 22, 2017
A Webaqoof is one who believes every word or information on the Internet and social media to be true is a new 21st century Hinglish dictionary word introduced by Shashi Tharoor, the Congress man known for his pertinent sense of humour.
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