Bharatiya Janata Party (BJP) leader Lanka Dinakar on Sunday alleged a scam worth Rs 20,000 crores in the rice distribution scheme in Andhra Pradesh, citing the Right to Information (RTI) and RBI data.
The fintech company said that it has received a letter from the Reserve Bank of India in response to an application from its subsidiary for the authorization to provide payment aggregator services for online merchants.
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, rose by USD 1.76 billion to USD 484.28 billion.
Reserve Bank of India's Deputy Governor also said that next week, deliberations would be starting for the next policy review to be announced in the first week of December and will have to depend on inflation data for October and growth data for July-September coming out on November 30.
He also pointed out that at the time of demonetisation the currency in circulation was Rs 17.9 lakh crore and today, according to RBI, it is 32.18 lakh crore and actually the currency in circulation has increased.
The interest rate for short-term loans up to Rs 300,000 through Kisan Credit cards (KCC) for farmers will be seven per cent and interest subvention will be 1.5 per cent for the current financial year 2022-23 and the next 2023-24, RBI said in a statement on Wednesday.
Paytm Payments Bank being an issuer and payment service provider bank in itself along with being an acquirer of UPI transactions on its own platform, makes it the source and destination for all of its transactions. So, it effectively serves the customer end-to-end in a transaction.
With the view to encourage, popularize and inculcate the scientific temper among the children, the Governor of Assam Prof Jagdish Mukhi on Tuesday inaugurated the 49th Rashtriya Bal Vaigyanik Pradarshani (RBVP) at Srimanta Sankardev Kalakshetra in Guwahati.
The property price index has been growing steadily in India in the past few years. The All India House Price Index (HPI) published by the Reserve Bank of India (RBI) grew at an annual rate of 3.5 per cent for the quarter which ended in June (Q1: 2022-23), expanding 1.8 per cent compared w
The central bank has said the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
The Governor, while speaking about the rising inflation across the world, said that inflation in systemically important advanced economies turned out to be persistent rather than transitory.
Tamil Nadu, with 15,225 mw, came at the second; Gujarat, with 13,153 mw, was at third position while Maharashtra, with 10,267 mw, was at the fourth, according to Handbook of Statistics on Indian States 2021-22, which was the seventh edition of its statistical publication, released by the Res