Mumbai, June 3 (IANS) The Reserve Bank of India (RBI) on Wednesday clarified that its physical stock of gold remains unchanged at 880.52 tonnes, dismissing media reports that suggested the central bank had sold part of its gold reserves.In a statement, the RBI said it had come across reports in certain sections of the media regarding the sale of gold by the central bank, and emphasised that such reports were incorrect.“The Reserve Bank of India (RBI) has come across reports in certain sections…
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Seoul, May 14 (IANS) South Korea’s top economic and financial policymakers on Thursday called for the prompt settlement of a labor dispute at Samsung Electronics, warning that a possible strike could threaten the country’s economy amid a semiconductor supercycle.Finance Minister Koo Yun-cheol and other heads of financial authorities made the joint remarks during a meeting on the potential fallout from a planned walkout by Samsung Electronics workers, according to the Ministry of Finance and Econ…
Mumbai, Feb 6 (IANS) As part of the move to develop a corporate bond market, the RBI plans to issue a regulatory framework soon to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds.RBI Governor Sanjay Malhotra said that an active derivatives market can facilitate efficient management of credit risks, improve liquidity and efficiency in the corporate bond market and facilitate issuance of corporate bonds across the rating spectrum.An announcement w…
Seoul, Jan 20 (IANS) Excessive regulations on large companies may have cut the country’s gross domestic product (GDP) by up to 111 trillion won ($75.2 billion) in 2025, a major business lobby argued on Tuesday, calling on the government to ease regulatory burdens on firms seeking to expand.The Korea Chamber of Commerce and Industry (KCCI) made the assessment in a report, noting that the so-called “growth penalty,” which refers to additional tax and regulatory burdens imposed on companies as they…
Seoul, Jan 15 (IANS) South Korea’s central bank again left its benchmark interest rate unchanged on Thursday as a weakened won and rising inflation concerns limited room for further easing.In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate at 2.5 per cent at its rate-setting meeting in Seoul, marking the fifth consecutive on-hold decision since July, reports Yonhap news agency.”Inflation is expected to gradually decline, though the elevated exch…