Finance (cryptocurrency- Digitalized money) According to two persons familiar with the situation, the Reserve Bank of India (RBI) is trying to red flag DeFi (decentralised finance) applications and initiatives and has sought legal guidance on how they function. According to legal experts, India presently lacks any regulations governing cryptocurrency, much alone something as disruptive asContinue reading “The Reserve Bank of India is looking to raise warning flags about decentralised financial applications.”
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Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.
Economy(RBI-India) The RBI kept key policy interest rates unchanged, as expected to support a fragile economic recovery, and reiterated an accommodative stance that supports sufficient liquidity to keep borrowing costs low for both the government and businesses, thereby stimulating investment. The RBI kept its FY22 GDP growth forecast at 9.5 percent. This includes 7.9 percentContinue reading “Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.”
Today’s RBI Monetary Policy: Will the RBI keep up the Status Quo yet again?
Banking (India) The Monetary Policy Committee (MPC) led by Reserve Bank Governor Shaktikanta Das will announce its policy decision today, October 8, at the conclusion of the 3-day bi-monthly review meeting. To support growth, the monetary policy committee is widely expected to maintain the status quo on the repo rate, but some analysts see aContinue reading “Today’s RBI Monetary Policy: Will the RBI keep up the Status Quo yet again?”
RBI’s new auto-debit rule, pension norms: 9 changes that will set in from October 1
India From pension rules to the new automatic debit guidelines and some banks stop using checkbooks, a series of changes will take effect starting Friday. Most changes will have a direct impact on people’s daily lives. As the deadline for the Reserve Bank of India (RBI) to extend the implementation of the standards is comingContinue reading “RBI’s new auto-debit rule, pension norms: 9 changes that will set in from October 1”
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