New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
Latest RBI News & Updates
New Delhi, May 7 (IANS) Market regulator Securities and Exchange Board of India (SEBI) on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform with immediate effect, citing its redundancy amid improved technological resilience in the trading ecosystem.In a circular, SEBI said stock exchanges had informed the regulator that the IRRA platform had not been used by brokers since it became operational in October 2023.The regulator noted that a combination of stronger regulatory me…
Mumbai, May 7 (IANS) The teaser of the upcoming film ‘The Silent Saviour: Governor’ was unveiled on Thursday. The film stars Manoj Bajpayee in the titular role. It showcases Manoj Bajpayee’s character trying to assess the situation of a nation which is going through a crisis. He takes over the reins of the RBI to ease the financial strain on the country while putting the system in place. The film is inspired by true events and brings to light India’s worst economic meltdown of the 1990s. T…
New Delhi, May 6 (IANS) India and Vietnam on Wednesday reaffirmed their commitment to strengthening cooperation in the health sector, along with reiterating the significance of linking digital technologies like UPI-based retail payments between the two countries.In a joint statement after a press meet here, Prime Minister Narendra Modi and visiting Vietnamese President To Lam acknowledged the advancements made by the Indian pharmaceutical industry.The two sides agreed to explore ways for the pot…
Hyderabad, May 5 (IANS) Telangana Chief Minister A. Revanth Reddy on Tuesday requested former Reserve Bank of India (RBI) Governor Raghuram Rajan to constitute a high-level committee on the use of Artificial Intelligence in the syllabi of primary, higher secondary, technical, and medical education, and to provide appropriate advice and suggestions on its usage. A meeting on Telangana’s future planning was held under the chairmanship of the Chief Minister at his Jubilee Hills residence. Deputy Ch…
Mumbai, May 4 (IANS) The Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) are not in favour of allowing banks and insurance companies to participate in the commodity derivatives market, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday.Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a “valid rationale” behind their stance and are not favourabl…
Bhubaneswar, May 2 (IANS) Naveen Patnaik, BJD chief and Leader of Opposition (LoP) in the Odisha Legislative Assembly, on Saturday wrote to Union Finance Minister Nirmala Sitharaman, expressing anguish over a shocking incident involving a bank in Keonjhar district. On April 27, Jeetu Munda, a 50-year-old tribal man from Odisha, took the drastic step of placing his deceased sister’s skeletal remains outside a rural bank branch to prove her death and claim her savings.Jeetu was distressed by the b…
Kohima, April 30 (IANS) The Enforcement Directorate (ED) on Thursday said it has filed a second supplementary prosecution complaint before the Special Court for PMLA cases in Dimapur, Nagaland, in connection with the HPZ Token cryptocurrency investment scam. The case has its genesis in three FIRs registered by the Cyber Crime Police Station, Kohima, Nagaland; the CID PS, Ulubari, Guwahati; and the CBI, Delhi. Accordingly, an ECIR was registered on April 12, 2022. The Main Prosecution Compl…
New Delhi, April 30 (IANS) India’s flagship digital payments platform, the Unified Payments Interface (UPI), has recorded an extraordinary nearly 12,000-fold surge in transaction volume over the past decade, the Ministry of Finance said on Thursday.Launched on April 11, 2016, by the National Payments Corporation of India (NPCI) under the regulatory supervision of the Reserve Bank of India (RBI), UPI has evolved into the backbone of India’s digital payments ecosystem.From a modest base of jus…
New Delhi, April 29 (IANS) If the US-Iran conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, a new SBI Research report said on Wednesday.In uncertain times, a good central bank should be cautious about false precision, forceful against high-cost tail risks, systematic enough to preserve credibility, flexible enough to adapt, and transparent enough that uncertainty a…