NRIs can now pay utility, other bills of their families in India
RBI, in its latest MPC meet, enables Bharat Bill Payment System to accept cross-border inward bill payments. It'll greatly benefit senior citizens in particular
mpc meet
August 2022
June 2022
April 2022
OECD slashes India’s GDP growth forecast to 6.9% in FY23
India recorded strongest rebound from COVID but momentum is dissipating due to weaker external conditions, rising global food and energy prices tightening monetary policy, says OECD.
RBI raises inflation forecast for FY23 to 6.7%
Inflation is now projected at 6.7% in 2022-23, with Q1 at 7.5%; Q2 at 7.4%; Q3 at 6.2%; and Q4 at 5.8%
RBI's MPC meet starts today; repo rate hike likely
The Reserve Bank thinks if inflation remains elevated at current levels for too long, it can become detrimental to growth and financial stability.
No card needed; withdraw cash at ATMs via UPI soon
The RBI proposes interoperability in cardless cash withdrawal for all banks using UPI; the main idea behind allowing cardless transactions is to help curb frauds associated with cards
