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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...

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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...
A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organized by the Finance Ministry
Investing

India finalizing consultation paper on cryptocurrencies: Economic Affairs Secretary

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Centre drives close to putting together its cryptocurrency consultation paper; will submit soon The Government of India will soon finalize a consultation paper on cryptocurrencies...
The financial markets in India remained vibrant amidst easy liquidity conditions, although the severe second wave of the pandemic during April-May 2021 dampened sentiments
Economy

India’s economic recovery getting entrenched and broadening: RBI report

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RBI report shows positive signs for India's economic recovery in FY23 The Reserve Bank of India (RBI) has shown positive signs for the economic recovery...
The decision taken today to raise the repo rate may be seen as a reversal of rate action of May 2020
Monetary Policy

RBI hikes repo rate by 40bps to 4.40%, CRR by 50bps,...

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Sensex crashes 1,307 points after RBI's rate hike surprise Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee...
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

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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...
Lingering concerns exist on whether Paytm hyped its IPO price and now this
Banking

Reserve Bank of India asks Paytm Payments Bank to stop opening...

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Paytm Payments Bank violated RBI norms: RBI The Reserve Bank of India (RBI) on Friday asked Paytm Payments Bank to stop opening new accounts amid...
Nirmala Sitharaman's statement on Crypto Currencies leaves many unanswered questions
Budget

Crypto Currencies: India not going to legalize or ban. But will...

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Hands-off policy on Crypto Currencies by GOI an interesting stand Finance Minister Nirmala Sitharaman on Friday told the Parliament that the government at this stage...
The RBI also retained its key short-term lending rates during the sixth and final monetary policy review of FY22
Economy

India’s retail inflation for FY23 at 4.5%: RBI

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RBI projects India's FY23 retail inflation at 4.5% Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's FY23 retail inflation is...
In the Budget speech, FM Sitharaman proposed that any income from the transfer of any virtual digital asset will be taxed at the rate of 30%
Budget

Budget 2022: Transfer of digital asset to be taxed at 30%,...

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FM Sitharaman announces 30% tax on virtual assets The Union Finance Minister Nirmala Sitharaman said that the income from virtual assets will be taxed at...
T M Bhasin, former Vigilance Commissioner to head the Advisory Board ABBFF
Banking

Central Vigilance Commission (CVC) expands scope of banking frauds panel to...

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Threshold for investigating bank frauds lowered to Rs.3 crore by the CVC The Central Vigilance Commission (CVC) on Thursday expanded the scope of the Advisory...
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