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RBI appoints P Vasudevan as new Executive Director
Updated : 2 years, 8 months ago IST
P Vasudevan will look after the Department of Currency Management, Corporate Strategy and Budget Department (Areas other than that of Budget and Funds) and the Enforcement Department.
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Maharashtra Police arrest 2 for 'helping' Naxalites exchange Rs 2000 notes
Updated : 2 years, 8 months ago IST
The police said that after the Reserve Bank of India (RBI)'s decision on withdrawing Rs 2000 notes from circulation, the Naxalites were constantly trying to exchange the currency notes that they allegedly collected through extortion.
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RBI panel makes recommendations for internationalisation of rupee; suggest
Updated : 2 years, 8 months ago IST
The Inter-Departmental Group (IDG) constituted by the Reserve Bank of India to examine issues related to the internationalisation of the Indian rupee and has come up with a report, where it made various short-term and long-term recommendations
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SabPaisa unveils rebranding with emphasis on cutting-edge technology and u
Updated : 2 years, 8 months ago IST
New Delhi [India], July 4: SabPaisa, a leading Payment gateway, is proud to announce that they are rebranding with a transformative positioning in the payments landscape and a commitment to cutting-edge technology and exceptional user experiences. SabPaisa has undergone a comprehensive rebra
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RBI says 76 pc of Rs 2,000 notes returned to banking system
Updated : 2 years, 8 months ago IST
About 76 per cent of the Rs 2000 banknotes have returned to the banking system since the Reserve Bank of India (RBI) in May decided to withdraw the high-value note from circulation.
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Delhi HC dismisses plea challenging RBI's decision to withdraw Rs 2000 not
Updated : 2 years, 8 months ago IST
The Division bench of Justice Satish Chander Sharma and Justice Subramonium Prasad decided to dismiss the petitions. The RBI has opposed the plea, stating that Rs 2000 notes continue to be legal tender.
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Policymaking has become more data-intensive, says RBI Governor at Statisti
Updated : 2 years, 9 months ago IST
Evidence and analysis are core inputs in policy formulation, Reserve Bank of India Governor Shaktikanta Das said on Friday and noted that policymaking and monitoring processes have increasingly become more data-intensive
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Increased tax on overseas spending under remittance scheme to be effective
Updated : 2 years, 9 months ago IST
The proposed increase in Tax Collected at Source rates which was to come into effect from July 1, will now apply from October 1, 2023.q
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Paysharp offering B2B Payment Solutions for Flat Rs 3
Updated : 2 years, 9 months ago IST
Chennai (Tamil Nadu) [India], June 27: Paysharp is an RBI in-principle approved Payment aggregator, focusing on B2B business. Providing two payment collections solutions, a Virtual Account solution and a complete UPI solution for B2B Business at a flat price of Rs 3 as a platform charge.
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India's Jan-March current account deficit narrows to 0.2 pc of GDP
Updated : 2 years, 9 months ago IST
India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.
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Advantages of investing in Fixed Deposits
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22: Fixed deposit investments safeguard your money during volatility, and suits people who want higher returns but are risk averse. Being RBI insured, these are risk-free investments and offer higher interest rates than savings deposits. However, investors
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Fight against inflation not over, job only half done: RBI Governor
Updated : 2 years, 9 months ago IST
"Our job is only half done, having brought inflation within the target band (4-6 per cent). Our fight against inflation is not yet over," said the governor at the latest monetary policy meeting held during June 6-8, whose Minutes were published on Thursday.
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