Unlike global economy, India will not slow down in 2023: RBI
RBI experts argue the economy is "intrinsically better positioned" than others, thanks to demonstrated resilience and its reliance on domestic drivers.
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March 2023
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October 2022
September 2022
Economy to grow at 4% in Q4; downside risks to NSO’s FY23 estimates: Report
Elevated temperatures in northern regions and plausibility of severe upcoming heat waves to affect agricultural output and keep inflation at elevated levels, says a report.
Govt brings crypto trade, related activities under money laundering law
Latest move will give law enforcement agencies more powers to crack down on money laundering via crypto routes
Sovereign Gold Bond Scheme Series IV opens; issue price at ₹5,611/gm
Govt and RBI have decided to offer ₹50/gm discount less than the nominal value to those investors applying online
Visit to bank branch not needed to update KYC: RBI
Instead, if there is no change in KYC info, they can submit a self-declaration through email-id, mobile number, ATMs, or any other digital channels.
Licences of 8 NBFCs, a credit ratings agency cancelled
FinMin last month said that to tighten the noose around platforms operating illegally, RBI will monitor ‘mule/rented’ accounts that may be used for money laundering, and will cancel dormant NBFCs.
RBI allows net banking in RRBs; to regulate offline payments aggregators
RBI says there’s a need to promote the spread of digital banking in rural areas. It’ll also issue instructions to regulate offline payment aggregators soon to bring in synergy in their regulation
RBI slashes FY23 GDP growth forecast to 7% from 7.2%
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.
PSBs’ share in credit market dips 19% in 10 yrs
During the same period, the share of private sector banks nearly doubled to 36.9%, shows RBI data.
Rupee hits new all-time low of 80.88 against US dollar
Fall comes after a record rise in the US dollar, which hit a two-decade high after the U.S. Fed raised key rates by 75 bps to 3-3.25%.
