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Xavi Simons rejoins RB Leipzig
Updated : 1 year, 7 months ago IST
The transfer saga of Xavi Simons has concluded with the Dutch international rejoining RB Leipzig on a season-long loan from Paris Saint Germain (PSG), as confirmed by the German club on Monday.
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RBI unlikely to cut repo rate on August 8 monetary policy: Experts
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.
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Inflation to remain around 5 per cent this fiscal: SBI report
Updated : 1 year, 7 months ago IST
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2024, driven primarily by higher food and beverage prices.
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Global gold demand drops 6 pc in Q2 2024 due to slump in jewellery consump
Updated : 1 year, 7 months ago IST
The record-high gold prices took a significant toll on jewellery consumption. Volumes fell 19 per cent y/y to 391 tonnes, the lowest in four years.
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India's forex reserves decline slightly after hitting record high
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 40-45 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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2.08 pc of Rs 2000 notes, valued Rs 7,409 crore, still to be returned: RBI
Updated : 1 year, 7 months ago IST
The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
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April-June 2024 figures suggest fiscal deficit at Rs 1.4 tn Vs Rs 4.5 tn (
Updated : 1 year, 7 months ago IST
India's fiscal deficit reduced to Rs 1.4 trillion during April-June 2024, down from Rs 4.5 trillion reported in the same period last year, according to a report by Anand Rathi Equity, a financial services company.
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RBI proposes alternative methods for authentication of digital payments, i
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms to supplement the SMS-based OTP system for digital payment transactions.
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Digital technologies are widening gap between capital and labour returns:
Updated : 1 year, 7 months ago IST
Between 2013 and 2019, the financial sector saw a decrease in employees in support roles across many countries, with a concurrent rise in the number of professionals and technicians.
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Digitisation influences inflation through price-setting behaviour and mark
Updated : 1 year, 7 months ago IST
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so
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India's digital public infrastructure is transforming country's economic l
Updated : 1 year, 7 months ago IST
Built on principles of public good, open access, and regulatory fairness, India Stack has become a cornerstone in facilitating cost-effective and scalable service delivery, particularly benefiting marginalized segments of society.
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India accounts for nearly half of the global digital payments: RBI report
Updated : 1 year, 7 months ago IST
India holds 48.5 per cent share in the global real-time payments volume, according to the Reserve Bank of India (RBI) report released on Monday
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