Search For "monetary"
What is Monetary Policy Committee, and what is its function?
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target, while keeping in mind the objective of economic growth.
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In talks with IMF, Sri Lanka is participating as bankrupt country: PM Rani
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 5 (ANI): Sri Lanka Prime Minister Ranil Wickremesinghe on Tuesday said that the island country is participating in negotiations with the International Monetary Fund (IMF) as a bankrupt country.
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India's position on Crypto currency vindicated by global trends
Updated : 3 years, 8 months ago IST
Singapore, July 5 (ANI): India's conservative position on not encouraging trading in Crypto currency is being rapidly vindicated by the negative experiences of various Crypto funds, with the latest being Singapore's Three Arrows crypto fund. In line with the dip in the overall crypto market
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RBI imposes monetary penalty on IndusInd Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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RBI imposes monetary penalty on Kotak Mahindra Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection.
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Does Singapore's Three Arrows Crypto troubles vindicate India's cautious a
Updated : 3 years, 8 months ago IST
Singapore, July 4 (ANI): Last week, Singapore-based crypto hedge fund, Three Arrows Capital (3AC), was reported by various media sources to be in trouble. It is one of the high-profile crypto investment firms that has run into difficulties recently as the crypto market valuation plunged.
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IMF doesn't trust Pakistan because of Imran Khan's wrongdoing: PML-N Presi
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 3 (ANI): Pakistan Muslim League-N President Maryam Nawaz on Saturday claimed that the International Monetary Fund (IMF) had told the coalition government that they don't trust the country because of "fitna" referred to Imran Khan.
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Pakistan needs to tighten screws on corruption to secure IMF relief packag
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 2 (ANI): The International Monetary Fund (IMF) has asked Pakistan to strengthen its anti-corruption mechanism if it wants an economic relief package.
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Japan to provide continuous support to Sri Lanka: Envoy Hideaki
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 2 (ANI): Japanese Ambassador to Sri Lanka Mizukoshi Hideaki on Friday said that Japan is ready to support Sri Lanka for its economic programme with the International Monetary Fund (IMF) and for the development activities of the country.
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IMF reaffirms support to debt-ridden Sri Lanka
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], June 30 (ANI): The International Monetary Fund (IMF) on Thursday reaffirmed its support to Sri Lanka which continues to face a deep economic crisis.
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Pakistan needs to pass budget agreed with IMF to get loan assistance
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 30 (ANI): Pakistan will have to take two more "prior actions" to secure economic relief package from International Monetary Fund (IMF) - Passing the federal budget as agreed with the monetary organization, as well as, presenting a memorandum of understanding (MoU)
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Rating agency ICRA sees India's policy rate hike shallower than US
Updated : 3 years, 8 months ago IST
New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid levels, as well as higher inflation tolerance levels, rating agency ICRA expects India's policy rate hike cycle to be shallower vis-a-vis the US Fed.
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