Search For "reserve bank of india"
India's Forex reserves dip by $4.53 billion to $629.75 billion
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): India's foreign exchange (forex) reserves declined by $4.531 billion to $629.755 billion in the week ended January 28 due to a sharp drop in foreign currency assets and fall in the value of gold reserves, the Reserve Bank of India (RBI) data sh
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RBI's Digital Rupee will help curb black money menace
Updated : 4 years, 4 months ago IST
New Delhi [India], February 4 (ANI): The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will not only give a boost to the digital economy but also help curb the menace of black money, a senior finance ministry official said.
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RBI cancels licence of Independence Co-operative Bank Limited
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of Nashik-based cooperative lender Independence Co-operative Bank Limited and requested Commissioner for Cooperation and Registrar of Cooperative Societies, Maharasht
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Forex transaction on unauthorised ETPs will lead to penal action, says RBI
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday cautioned the people not to undertake forex transactions on unauthorised Electronic Trading Platforms (ETPs) saying it may lead to penal action and loss of money.
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Crypto's like Bitcoin and Ethereum will never become a legal tender: Finan
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI): Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
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Government does not recognize private cryptocurrency as legal tender, dig
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Noting that digital currency to be issued by the Reserve Bank of India (RBI) will be official and legal tender, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government does not recognize private cryptocurrencies as legal tender
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Indigo CEO welcomes announcement of issuing E-passport, introduction of di
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Lauding the Union Budget 2022-23 presented in the Parliament on Tuesday, Indigo Chief Executive Officer Ronojoy Dutta welcomed the new incentives of the government regarding issuing of E-passport and the introduction of digital currency by the Reserve
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30 pc tax on virtual digital assets will help regulate crypto, says Niti A
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): India going to be the first country to implement a digital rupee and a high tax on digital currency to be beneficial for middle-class investors as it sees frequent fluctuations, says Amitabh Kant, CEO of Niti Ayog on Tuesday.
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75 Digital Banking units to be setup in 75 districts by scheduled commerci
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled commerc
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Cryptocurrency has some financial stability issues, government will take b
Updated : 4 years, 5 months ago IST
New Delhi [India], January 31 (ANI): Al Salvador has adopted Bitcoin but there are still financial stability issues relating to cryptocurrency which have been highlighted by the Reserve Bank of India, Principal Economic Advisor Sanjeev Sanyal said on Monday and noted that the government w
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India's Forex reserves decline by $678 million to $634.28 billion
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], January 29 (ANI): India's foreign exchange (forex) reserves fell by $678 million to $634.28 billion in the week ended January 21 due to a sharp decline in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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RBI continues to mitigate COVID-19 impact on economy, ensure inflation rem
Updated : 4 years, 5 months ago IST
New Delhi [India], January 29 (ANI): Reserve Bank of India (RBI) Deputy Governor Michael D Patra on Friday informed that RBI remains committed to reviving and sustaining growth on a durable basis and continues to mitigate COVID-19 impact on the economy while ensuring that inflation remains w
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