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The Latest Breaking News from RBI

No hike in repo rate has made builders breathe easy

Builders breathe easy following pause in repo rate hike by RBI

The Hindu

Top official refutes allegations that Andhra Pradesh’s finances are in a bad shape

A deliberate malicious campaign is being carried out that Andhra Pradesh is reeling under ₹10 lakh crore debt, says Duvvuri Krishna

The Hindu

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

The Hindu

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Batting for borrowers: on the Reserve Bank of India’s recent draft circular

The Reserve Bank of India’s decision to ensure a fair and transparent approach to credit pricing must be viewed in the context of increasing retail lending

The Hindu

PM’s visit: Traffic regulations from 7 a.m. to 2 p.m.

Traffic will be regulated from 7 a.m. to 2 p.m. on the road leading from Shangumughom-All Saints College stretch to Chakka, Pettah, Pattoor, Asan Square, Panchapura Junction, RBI, Bakery Junction, Panavila, Model School Junction, Aristo Junction, and Thampanoor.

The Hindu

Daily Dose Ep 1334: 2020 Delhi riots case, US to issue record visas to Indians

Gurmehar Kaur brings you the news from Delhi, the US, the RBI and Bihar.

Newslaundry

RBI decides to keep repo rate unchanged at 6.5 pc

The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:

Dynamite News

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SC rejects Centre's plea for more compensation for Bhopal gas tragedy victims

The Supreme Court on Tuesday dismissed the Centre's curative plea for enhanced compensation for the victims of the 1984 Bhopal Gas tragedy from US-based firm Union Carbide Corporation, now owned by Dow Chemicals. Read further on Dynamite News:

Dynamite News

Delhi: Fake RBI Documents Worth Rs.88k Crore Seized By CISF At IGI Airport; Three Passengers Nabbed

Fake Reserve Bank of India (RBI) documents worth Rs. 88 thousand crores were seized at the Indira Gandhi International Airport. Read further on Dynamite News:

Dynamite News

Daily Dose Ep 1272: PM hits out at Opposition, BJP MP’s move against Rahul Gandhi

Saeeduzzaman brings you the news from Parliament, Supreme Court, RBI, Turkey, and Syria.

Newslaundry

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

Dynamite News

Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

The top court's remarks came when the Reserve Bank of India counsel made the submission that judicial review cannot apply to economic policy decisions. Read on for details:

Dynamite News

Global Spillovers, Financial Market, General Risks Increased, While Macroeconomic Risks Have Moderated: RBI Survey

The Reserve Bank of India's latest Systemic Risk Survey (SRS) showed that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated. Read on for details:

Dynamite News

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Dynamite News

Rupee's Outlook Depends Largely On Global Monetary Policy Moves

Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022. Read on for details:

Dynamite News

RBI Monetary Policy Committee Hikes Policy Rate By 35 Bps To 6.25 Per Cent

The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. Read on for details:

Dynamite News

Delhi HC Seeks RBI Stand On PIL Seeking Uniform Banking Code For Foreign Exchange Transactions

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a Public Interest Litigation (PIL) seeking direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami transactions. Read on for details:

Dynamite News

RBI's Digital Rupee A "Game Changer", Says SBI Chairman Dinesh Khara

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI Chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. Read on for details:

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Newslaundry

Demonetisation at 6: The idea, the objectives, and the post-event justifications

Six years ago today, India experienced an economic earthquake.

Dynamite News

Digital Rupee: Central Bank Digital Currency Is Going To Be Major Transformation Of The Way Business Is Done, Says RBI Guv

Governor Shaktikanta Das said, "Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Read on for details:

Benzinga

India Is Testing A Digital Rupee: 9 Lenders Join In For A New CBDC Pilot Project

The Reserve Bank of India (RBI) has launched the Central Bank Digital Currency (CBDC) for the wholesale market as part of its first pilot test program to evaluate and enhance the functionality of the digital rupee.

Dynamite News

Business: First Pilot Of Digital Rupee To Commence On Tuesday, Says RBI

The use case for the pilot is settlement of secondary market transactions in government securities, the RBI said in a statement on Monday. Read on for details:

Dynamite News

Put Images Of Deities Lakshmi-Ganesha On Currency Notes: Delhi CM Arvind Kejriwal's Appeal To PM For 'Getting Economy On Track'

Delhi Chief Minister Arvind Kejriwal has appealed to Prime Minister Narendra Modi to consider including the images of Goddess Lakshmi and Lord Ganesh on currency notes in India to "improve the economic situation of the country". Read on for details:

The Hindu

Supreme Court asks petitioner to move RBI to control, keep checks on unauthorised online money lending platforms

The court also recorded the petitioner’s prayer that RBI should also intervene to protect the personal data of users.

The Hindu

India will stand out with 7% growth rate in FY23 amid global gloom, says EAC-PM member Sanyal

New Delhi Amid fears of the world slipping into recession, India will perhaps emerge as the stronges

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