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India's foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion
Finance

India’s foreign exchange reserves surge to $588.78 billion

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India's forex reserves rise to 10-month high According to Reserve Bank of India (RBI) data released, India's foreign exchange reserves increased marginally by $4.53 billion...
The old pension regime is not fiscally sustainable as it is not contributory in nature and the burden on the exchequer keeps on mounting
Finance

RBI cautions on Old Pension Scheme, says it may add to...

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Why has RBI non-BJP-ruled warned states against the old pension scheme? Even as several non-BJP-ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab, and Jharkhand have...
The PIL has sought directions to the Centre and others to ensure that unclaimed deposits of the public that get transferred to government-owned funds be given to the legal heirs of the depositors
Justice System

SC asks Finance Ministry to respond to Sucheta Dalal’s PIL seeking...

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Top Court seeks Fin Min's response in PIL seeking mechanism to inform legal heirs about unclaimed funds in dormant accounts The Supreme Court on Thursday...
RBI Governor said that the war against inflation to continue till the decline in inflation rate is closer to the target -- 4 percent
Economy

Repo rate to remain unchanged; GDP projected at 6.5% for FY24,...

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RBI raises India FY24 GDP growth forecast marginally to 6.5% On Thursday, in a unanimous decision, the Reserve Bank of India's (RBI) Monetary Policy Committee...
The TTD chairman said the TTD currently has foreign currency amounting to Rs.30 crore
Finance

RBI imposes penalty of Rs.3 cr on TTD for violation of...

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TTD fined for FCRA violation The Reserve Bank of India (RBI) has imposed a penalty of Rs.3 crore on India's richest religious trust, Tirumala Tirupati...
The top court emphasized the importance of the principles of natural justice while classifying an account as fraudulent by banks
Banking

SC directs banks to grant opportunity of hearing to borrowers before...

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Can't declare a borrower 'fraud' without hearing him first: SC tells RBI On Monday, the Supreme Court of India said borrowers must be accorded a...
A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad granted time to RBI for filing a response
Banking

Delhi High Court grants six weeks to RBI to file reply...

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Delhi HC grants time to RBI to respond to PIL On Monday, the Delhi High Court gave six weeks' time to the Reserve Bank of...
Delhi HC asks Centre, RBI, and SEBI to respond to Swamy’s plea for a probe into the transfer of Yes Bank’s stressed assets to JC Flowers ARC
Law and Order

Subramanian Swamy moves Delhi High Court for probe into Yes Bank...

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Delhi HC seeks Centre, RBI & SEBI response on PIL to form a panel to probe Yes Bank transfer of stress assets portfolio The Delhi...
PM Modi along with his Singaporean counterpart Lee Hsien Loong witnessed the launch of cross-border connectivity between the UPI and PayNow of Singapore
Banking

Digital transactions to soon exceed cash in India: PM Narendra Modi

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Digital wallet to beat cash volumes Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash with Unified Payments Interface...
The central bank had first announced the borrowing and lending of government securities earlier this month
Laws

RBI issues draft norms for lending, borrowing of government securities

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RBI Governer proposes draft ruless for lending and borrowing of government securities to expand market participation On Friday, the Reserve Bank of India (RBI) issued...
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