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RBI has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate
Economy

RBI hikes repo rate to subdue the inflation; pegs inflation at...

PGurus Newsdesk - 0
RBI Governor Shaktikanta Das announces hike in repo rate by 50 basis points to subdue the inflation The Reserve Bank of India's Monetary Policy Committee...
Despite erratic monsoon and negative seasonality in vegetable prices, food inflation in August was lower than the April peak of the current year
Economy

Retail inflation high due to high food prices, adverse base effect:...

PGurus Newsdesk - 0
Retail inflation resurges to 7% in August as food prices increases As retail inflation rose to 7 percent in August from 6.71 percent in July,...
RBI issues advisories to people, alerting them against such fraudsters’ practices
Banking

Finance Ministry, RBI earmark measures to safeguard public from being defrauded...

PGurus Newsdesk - 1
As fraudsters get smarter, RBI, banks get busy plugging loopholes Amid rising newer techniques being used by fraudsters, the Reserve Bank of India (RBI) has...
Govt clarification comes after media reports claimed that the central bank was considering adding fees to each financial transaction made through the UPI system
Finance

Centre not considering levying charges for UPI services, clarifies Finance Ministry

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UPI services to remain free: No consideration to levy any charges, says Govt Amid confusion over UPI transaction charges, the Union Finance Ministry has clarified...
The bench noted that irrational freebies are definitely an issue of concern and there should be financial discipline
Law and Order

Centre says lay guidelines on freebies; Supreme Court favours balance between...

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Supreme Court asked by Centre to lay down guidelines to regulate freebies announced by political parties The Centre on Thursday asked the Supreme Court to...
When freebies are part of electoral politics, and not given with genuinely good intentions, politicians could be reckless and ruin the state’s/ nation’s economy
Opinion

How to curb freebie culture in politics

Ganesan Subramanian - 1
The freebie culture – a different state and different shades Recently, based on a PIL, the Supreme Court constituted a panel of experts (consisting of...
The RBI noted that the growing threat of the crypto-assets ecosystem warrants drastic approaches by national authorities
Investing

RBI slams unbacked crypto assets, stablecoins, DeFi and crypto trading platforms

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RBI underscores need for regulatory guardrails to ensure financial stability and consumer, investor protection The Reserve Bank of India (RBI) has come down heavily on...
In early May, the RBI, in a surprise off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 percent, amidst rising inflation concerns in the economy
Economy

RBI hikes repo rate by 50 bps, GDP forecast retained at...

PGurus Newsdesk - 1
RBI raises repo rate for the second time in 5 weeks At the conclusion of the monetary policy committee's three-day meeting on June 8, the...
Core inflation stood at 6.2 per cent YoY for the fifth consecutive month in February 2022
Economy

RBI expected to prioritize growth over inflationary fears during April meet

PGurus Newsdesk - 0
Inflation expected to remain at elevated levels due to higher crude oil prices In the upcoming April 2022 policy meet, the Reserve Bank of India...
For the new Gandhinagar exchange to be successful, the Government must clean up the mess created in NSE with the blessings of SEBI
Business

New Stock Exchange SGX Nifty IFSC to run on TCS trading...

Team PGurus - 0
TCS bags an important contract to run the back-end for the new upcoming exchange in Gandhinagar Tata Consultancy Services, which controls over 40 percent of...
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