Search For "financial stability"
Supreme Court upholds 10 per cent quota for economically weaker sections i
Updated : 3 years, 4 months ago IST
The Supreme Court in a majority judgment on Monday upheld the validity of the Constitution's 103rd Amendment Act 2019, which provides for 10 per cent EWS reservation and observed that it does not violate essential features of the Constitution.
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India looking forward to expanding bilateral cooperation: Sitharaman tells
Updated : 3 years, 5 months ago IST
Washington [US], October 13 (ANI): Union Finance Minister Nirmala Sitharaman met her Bhutan counterpart Lyonpo Namgay Tshering in Washington on Wednesday and expressed India's wish to expand bilateral cooperation between the two countries including hydropower, COVID-19 assistance, among othe
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RBI releases 'concept note' on Central Bank Digital Currency
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
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Nirmala Sitharaman chairs 26th meeting of Financial Stability and Developm
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 16 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the Financial Stability and Development Council (FSDC) meeting in Mumbai, the Ministry of Finance said in a statement.
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Crypto trade growing in Asia, need regulatory frameworks to protect invest
Updated : 3 years, 6 months ago IST
New Delhi [India], August 23 (ANI): Digitalization of the payment system can aid in the transition to the environmentally-conscious method of payments and also foster financial inclusion but at the same time crypto assets can pose risks to financial stability, the International Monetary Fund
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RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 6 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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Report says Pakistan is victim of Chinese trade deficit
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], July 25 (ANI): Merged with a debt trap, the Chinese Belt and Road Initiative has jolted the financial stability of many other countries including Pakistan which faces a severe deficit in trade balance with Beijing.
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ECB warns crypto markets pose financial stability risks
Updated : 3 years, 8 months ago IST
Frankfurt [Germany], July 12 (ANI): The nature and scale of crypto markets are evolving rapidly, said the European Central Bank (ECB), adding that if the current trends continue, it will pose risks to financial stability.
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Financial Stability Board to propose crypto regulations
Updated : 3 years, 8 months ago IST
Basel [Switzerland], July 12 (ANI): The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, will report to the G20 finance ministers and central bank governors in October on regulatory and supervisory aspects of stableco
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Crypto needs regulation before it becomes large, pose risks to financial s
Updated : 3 years, 8 months ago IST
London [United Kingdom], July 11 (ANI) While expressing concerns about the crypto markets, Vice-Chair of the US Federal Reserve, Lael Brainard, has said it is important that the foundations for sound regulation of the crypto financial system be established now before the ecosystem becomes so
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RBI releases the Financial Stability Report, June 2022
Updated : 3 years, 8 months ago IST
New Delhi [India], June 30 (ANI): Reserve Bank of India (RBI) released the 25th issue of the Financial Stability Report (FSR), which reflected the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resi
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Cryptocurrencies are a clear danger, need to guard against any disruption
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 30 (ANI): Cryptocurrencies are a clear danger and anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name, RBI Governor Shaktikanta Das has said in the foreword of the Financial Stability Re
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