
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
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
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.
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%
The Reserve Bank thinks if inflation remains elevated at current levels for too long, it can become detrimental to growth and financial stability.
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