Capital Gain

Speed, scale of vaccination to shape recovery: RBI

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  The economy has the resilience and the fundamentals to bounce back from the Covid-19 pandemic and unshackle itself from pre-existing cyclical and structural hindrances, according to an article in the Reserve Bank of India’s latest monthly bulletin. The hindrances have caused the economy’s trajectory of output to deviate from potential into a negative output […]

Policy makers seen tolerating high inflation for growth

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Indian monetary policy makers’ intolerance for an inflation rate higher than their 4 per cent medium-term target will probably only stay on paper. In reality, economists see the Reserve Bank of India grin and bear price pressures as it seeks to help Asia’s No. 3 economy recover from one of the world’s worst coronavirus outbreaks. […]

SBI union, others urge RBI to scrap digital payments plan

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A union representing India’s largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters on Tuesday that privatisation could compromise data safety. In a bid to reduce concentration risks in the payments sector, India’s central bank (RBI) […]

Booster dose

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The Centre will need to step in with measures to support demand and revive private investment Source link

RBI cancels licence of West Bengal-based United Cooperative Bank

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The Reserve Bank of India on Thursday said it has cancelled the licence of United Co-operative Bank Ltd, Bagnan, West Bengal, as it does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 13, […]

Why you should to be wary of credit card mis-selling

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Following the financial turmoil from the pandemic, customer interest for credit cards is on the rise, as it gives access to quick money that is not available in your bank account. Even if you have some investments which can be tapped to meet your emergency needs, it takes some time to break them. Hence, people […]

RBI unveils additional Covid-related measures to alleviate financing constraints

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Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday unveiled additional Covid-19 related measures to alleviate any constraint from the financing side for all stakeholders, including those involved in the healthcare supply chain, individuals, small businesses and micro, small, and medium enterprises (MSMEs).   As part of the measures, RBI will put in place […]

LIVE: On-tap liquidity of Rs 50,000 cr for Covid healthcare, says RBI guv

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Coronavirus Coronavirus live updates: India on Wednesday reported 382,691 fresh Covid-19 cases. With this, the cumulative caseload stands at 20,658,234, Worldometer showed this morning. In the past seven days alone, India has added 2,649,808 infections to its tally. As many as 3,786 deaths were also reported today. The country now has 3.49 million active cases. Reserve […]

RBI bars American Express, Diners Club from onboarding new customers

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The Reserve Bank of India (RBI) on Friday restricted card companies American Express and Diners Club International from onboarding new domestic customers from May 1 as they did not adhere to guidelines on local data storage. “These entities have been found non-compliant with the directions on storage of payment system […]

Why banning cryptocurrencies is bad

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After at least two unsuccessful attempts at regulation, the government seems to be bent on banning private cryptocurrencies. The intended ban is the essence of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 that is to be tabled in the next Parliament session. The regulation of cryptocurrencies – ‘tokens’ that can serve as […]