News

PM Narendra Modi congratulates RBI Governor for receiving A+ rating in Global Finance Central Banker Report Cards 2023   Prime Minister Narendra Modi on Friday congratulated RBI Governor Shaktikanta Das for being rated A+ in the Global Finance Central Banker Report Cards 2023. "Congratulations to RBI Governor Shri Shaktikanta Das. This is a proud moment for India, reflecting our financial leadership on the global stage. His dedication and vision continue to strengthen our nation's growth trajectory," Modi said in a tweet on X. He was responding to a tweet by RBI, which read, "...
PM Narendra Modi congratulates RBI Governor for receiving A+ rating in Global Finance Central Banker Report Cards 2023
PM Narendra Modi congratulates RBI Governor for receiving A+ rating in Global Finance Central Banker Report Cards 2023
Source: IANS
2/09/2023 8:57:36 AM
RBI launches website to help locate unclaimed deposits across multiple banks Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits across multiple banks at one place.  The launch of the web portal will aid users to identify their unclaimed deposits and accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, a s...
RBI launches website to help locate unclaimed deposits across multiple banks
RBI launches website to help locate unclaimed deposits across multiple banks
Source: IANS
18/08/2023 9:16:34 AM
Sitharaman meets JBIC governor, seeks greater investments for India Finance Minister Nirmala Sitharaman on Wednesday met governor of Japan Bank for International Cooperation (JBIC) Hayashi Nobumitsu, where she discussed ways with the institution to bring in more investments in India. "FM Nirmala Sitharaman met Hayashi Nobumitsu, Governor, Japan Bank for International Cooperation (JBIC), in New Delhi, today, to exchange views on JBIC's recent activities in India contributing towards Japan’s investment target of five trillion yen over next fiv...
Sitharaman meets JBIC governor, seeks greater investments for India
Sitharaman meets JBIC governor, seeks greater investments for India
Source: IANS
17/08/2023 9:18:03 AM
RBI to launch frictionless credit flow platform on pilot basis on August 17  The Reserve Bank of India (RBI) will on August 17 launch a pilot project for a public tech platform, which will enable delivery of frictionless credit by facilitating seamless flow of required digital information to lenders.  The formation of the platform had been announced by RBI Governor Shaktikanta Das on August 10 during the monetary policy review. The public tech platform for frictionless credit is being developed by the Reserve Bank Innovation Hub (RBIH), a wholly-owned...
RBI to launch frictionless credit flow platform on pilot basis on August 17
RBI to launch frictionless credit flow platform on pilot basis on August 17
Source: IANS
14/08/2023 4:39:24 PM
Outgoing Australian central bank Governor warns against inflation threat Outgoing Governor of the Reserve Bank of Australia (RBA), Philip Lowe on Friday warned against the ongoing threat of inflation despite signs that it is easing. In an opening statement of his last hearing to the House of Representatives Standing Committee on Economics, Lowe said while goods price inflation has slowed considerably, the prices of many services are continuing to increase strongly and the momentum in rent inflation is particularly strong, reports Xinhua news agency. He said ...
Outgoing Australian central bank Governor warns against inflation threat
Outgoing Australian central bank Governor warns against inflation threat
Source: IANS
13/08/2023 9:16:31 AM
RBI`s user friend technology focus on UPI in move towards cashless economy Conversational, offline and enhancement of limits for small transactions in the Unified Payments Interface (UPI) are some of the measures for payment systems that the Reserve Bank of India Governor Shaktikanta Das announced on Thursday. Amid announcement of the decisions of the three day meeting of Monetary Policy Committee (MPC), Das said to harness new technologies and enhance the digital payments experience it is proposed to enable "Conversational Payments" on UPI, which will ...
RBI`s user friend technology focus on UPI in move towards cashless economy
RBI`s user friend technology focus on UPI in move towards cashless economy
Source: IANS
10/08/2023 5:05:06 PM
India central bank to withdraw 1 trln rupees via incremental CRR The Reserve Bank of India (RBI) will withdraw nearly one trillion rupees ($12.07 billion) from the banking system through a temporary increase in the amount of funds lenders set aside with the central bank, as it tries to keep a lid on inflation. Earlier in the day, India's Monetary Policy Committee kept key policy rates unchanged but RBI Governor Shaktikanta Das asked banks to hold an incremental cash reserve ratio (CRR) of 10% on increase in deposits between May 19 and July 28, with ...
India central bank to withdraw 1 trln rupees via incremental CRR
India central bank to withdraw 1 trln rupees via incremental CRR
Source: Reuters
10/08/2023 3:47:58 PM
Governor praises IIT Mandi for supporting Himachal`s apple economy    Himachal Pradesh Governor Shiv Pratap Shukla on Thursday highlighted IIT Mandi's technological contributions to the state and emphasized its potential in supporting the apple economy and local problem-solving. He was speaking while presiding over the G-20/S-20 conclave on “Technology for Society” at IIT here organized by the institute. Shukla said the conclave was part of the ongoing mega G20-S20 meeting at the institute and provided a platform for delega...
Governor praises IIT Mandi for supporting Himachal`s apple economy
Governor praises IIT Mandi for supporting Himachal`s apple economy
Source: IANS
29/06/2023 4:09:37 PM
Asian shares subdued, yen and yuan hover near 8-mth troughs Asian shares were sudued on Thursday after global central banks reaffirmed their inflation-fighting resolve, warning rates may need to rise further, while the yen and the Chinese yuan struggled to lift from lows amid fears of official intervention. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while markets in Singapore, India and Malaysia are closed for holidays. Chinese blue chips slid 0.3% and Hong Kong's Hang Seng index fell 0.7%. Japan's Nikkei, h...
Asian shares subdued, yen and yuan hover near 8-mth troughs
Asian shares subdued, yen and yuan hover near 8-mth troughs
Source: Reuters
29/06/2023 8:51:40 AM
Dollar wallows as June Fed bets ebb, debt ceiling deal close The U.S. dollar wallowed near a one-week low versus major peers on Friday, on course for its worst week since late March, amid strengthening views that the Federal Reserve will forgo an interest rate hike this month. Signs that a bill to suspend the U.S. debt ceiling and avert a disastrous default would soon become law also removed a pillar of support for the dollar, which had paradoxically been a key beneficiary because of its safe-haven status. The U.S. dollar index, which measures th...
Dollar wallows as June Fed bets ebb, debt ceiling deal close
Dollar wallows as June Fed bets ebb, debt ceiling deal close
Source: Reuters
2/06/2023 8:52:17 AM
Decision to tweak policy rates depends on on-ground situation: RBI Governor The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the RBI in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per cent. Prior to it, the RBI was on a rate hiking spree, raising the repo rate by 250 basis points since May 2022. The Governor further said retail inflation has moderated, but there is no room f...
Decision to tweak policy rates depends on on-ground situation: RBI Governor
Decision to tweak policy rates depends on on-ground situation: RBI Governor
Source: Accord Fintech
24/05/2023 2:07:53 PM
India's latest currency note exchange seen less disruptive than 2016  India is bracing for a second currency note exchange program in less than seven years, pulling its 2,000 rupee note out of circulation in an exercise that comes ahead of a series of crucial state elections. The withdrawal of the economy's highest denomination note is expected to be far less disruptive than a 2016 move to demonetise 86% of the country's currency in circulation overnight, which led to a sharp economic slowdown. "The impact on the economy will be very ma...
India's latest currency note exchange seen less disruptive than 2016
India's latest currency note exchange seen less disruptive than 2016
Source: Reuters
22/05/2023 2:29:53 PM
India`s central bank expects most 2,000-rupee notes to be returned by end-September - chief India's central bank expects most currency notes of 2,000 rupees denomination to be returned to banks by the end of September, Governor Shaktikanta Das said on Monday, adding that there is no reason for people to rush to lenders for exchange. The Reserve Bank of India said on Friday that notes of 2,000 rupees denomination will be withdrawn from circulation and citizens have until September-end to exchange or deposit them. "We do not expect a rush at banks to exchange the notes,...
India`s central bank expects most 2,000-rupee notes to be returned by end-September - chief
India`s central bank expects most 2,000-rupee notes to be returned by end-September - chief
Source: Reuters
22/05/2023 12:58:36 PM
`Mann Ki Baat` connect `minds` like a rainbow: Bengal Governor West Bengal Governor C.V. Ananda Bose on Sunday said that Prime Minister Narendra Modi's monthly radio programme 'Mann Ki Baat' connects people from different sections of society similar to a rainbow. "This programme connects two minds by acting like a rainbow. But I will not call it 'Indradhanush'. Rather I will describe it as 'Narendra Dhanush'. Just as we all have to nurture and develop our physical health, there is also a necessity for developing mental...
`Mann Ki Baat` connect `minds` like a rainbow: Bengal Governor
`Mann Ki Baat` connect `minds` like a rainbow: Bengal Governor
Source: IANS
1/05/2023 10:20:27 AM
Global consensus essential for crypto assets regulation: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Sunday emphasised on the need for global consensus for regulating crypto assets. Addressing a series of events in Bengaluru, she said that any kind of regulation on crypto assets would require every nation's consent, otherwise it would not be effective. Sitharaman added that India under its G20 presidency has kept crypto assets regulation as an agenda item for this year. The IMF has given a paper on crypto-currency and the way it can affect ...
Global consensus essential for crypto assets regulation: FM Nirmala Sitharaman
Global consensus essential for crypto assets regulation: FM Nirmala Sitharaman
Source: IANS
23/04/2023 5:40:05 PM
RBI-MPC`s fight against inflation not yet over: Governor Shaktikanta Das at Monetary Policy Committee Meeting The Reserve Bank of India's (RBI) fight against inflation is far from over, Governor Shaktikanta Das said at the Monetary Policy Committee (MPC) meeting, as per the meeting's minutes. The MPC met on April 3, 5 and 6 this year and decided to pause on the repo rate at 6.50 per cent. In his remarks at the MPC meeting, Das said the cumulative impact of monetary policy actions over the last one year is still unfolding and needs to be monitored closely. Inflation for 2023-24 is pro...
RBI-MPC`s fight against inflation not yet over: Governor Shaktikanta Das at Monetary Policy Committee Meeting
RBI-MPC`s fight against inflation not yet over: Governor Shaktikanta Das at Monetary Policy Committee Meeting
Source: IANS
21/04/2023 8:56:48 AM
Nitin Gadkari to inaugurate Z-Morh tunnel on Srinagar-Leh highway today Union minister of road transport and national highways, Nitin Gadkari reached Sonamarg on Monday along with J&K Lt. cManoj Sinha and members of Parliament to visit the site of the Zojila tunnel and to inaugurate the Z-Morh tunnel on Srinagar-Leh highway. Gadkari is scheduled to throw open the Z-Morh tunnel that will make Sonamarg tourist resort an all weather destination. The Zojila Tunnel, which will connect the Ladakh region with the rest of the country, will remain open year roun...
Nitin Gadkari to inaugurate Z-Morh tunnel on Srinagar-Leh highway today
Nitin Gadkari to inaugurate Z-Morh tunnel on Srinagar-Leh highway today
Source: IANS
10/04/2023 12:36:38 PM
PM Narendra Modi inaugurates New Integrated Terminal Building at Chennai Airport Prime Minister Narendra Modi on Saturday inaugurated the state-of-the-art New Integrated Terminal Building (NITB) at the Chennai Airport. Prime Minister Modi inaugurated the about Rs 1,260 crore NITB in the presence of Tamil Nadu Governor R.N.Ravi, Chief Minister M.K.Stalin, Union Minister for Civil Aviation and Steel Jyotiraditya M. Scindia, Union Minister of State for Fisheries, Animal Husbandry and Dairying and Information and Broadcasting L. Murugan and others. Along with the existi...
PM Narendra Modi inaugurates New Integrated Terminal Building at Chennai Airport
PM Narendra Modi inaugurates New Integrated Terminal Building at Chennai Airport
Source: IANS
8/04/2023 4:14:37 PM
Stumped by Reserve Bank of India's decision on repo rate, experts react The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) certainly bowled a googly at the experts who had predicted a 25 basis points repo rate hike. Interestingly, RBI Governor Shaktikanta Das on Thursday announced that the MPC has decided to hold the repo rate at 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will remain unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decide...
Stumped by Reserve Bank of India's decision on repo rate, experts react
Stumped by Reserve Bank of India's decision on repo rate, experts react
Source: IANS
6/04/2023 2:53:25 PM
Credit Information Cos to compensate for delayed updation/rectification: Reserve Bank of India The Reserve Bank of India (RBI) will soon put in place a process whereby people will be compensated by Credit Information Companies (CIC) for delayed updation/rectification of credit information reports, said Governor Shaktikanta Das. Recently, the CICs were brought under the purview of the Reserve Bank Integrated Ombudsman Scheme (RB-IOS). "It is now proposed to put in place the following measures: (i) a compensation mechanism for delayed updation/rectification of credit informati...
Credit Information Cos to compensate for delayed updation/rectification: Reserve Bank of India
Credit Information Cos to compensate for delayed updation/rectification: Reserve Bank of India
Source: IANS
6/04/2023 2:42:14 PM
Pre-sanctioned credit lines at banks through UPI: Reserve Bank of India Expanding the scope of Unified Payments Interface (UPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said pre-sanctioned credit lines at banks through the former will be allowed. "It is now proposed to expand the scope of UPI by permitting operation of pre-sanctioned credit lines at banks through the UPI. This initiative will further encourage innovation," Das said. According to him, the UPI has transformed retail payments in India and its robustness h...
Pre-sanctioned credit lines at banks through UPI: Reserve Bank of India
Pre-sanctioned credit lines at banks through UPI: Reserve Bank of India
Source: IANS
6/04/2023 12:48:34 PM
RBI expansion of NDF access to help manage Indian rupee volatility The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market. An IFSC Banking Unit or "IBU" is a bank permitted by the Reserve Bank of India to operate from an International Financial Services Centre (IFSC). They were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other eligible bank...
RBI expansion of NDF access to help manage Indian rupee volatility
RBI expansion of NDF access to help manage Indian rupee volatility
Source: Reuters
6/04/2023 11:49:59 AM
India central bank permits banks to offer non-deliverable fx derivatives to resident users The Reserve Bank of India said it is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market. IFSC Banking Unit or an "IBU" is a bank permitted by the Reserve Bank of India to operate from an International Financial Services Centre (IFSC). IFSC banking units were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other...
India central bank permits banks to offer non-deliverable fx derivatives to resident users
India central bank permits banks to offer non-deliverable fx derivatives to resident users
Source: Reuters
6/04/2023 11:08:14 AM
India holds key rate in surprise decision, keeps door open for more hikes  The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, saying it was closely monitoring the impact of recent global financial turbulence. The central bank said its policy stance remains focused on "withdrawal of accommodation", signalling it could consider further rate hikes if necessary. The pause in rate hikes is "for this meeting only", said RBI Governor Shaktikanta Das. The monetary pol...
India holds key rate in surprise decision, keeps door open for more hikes
India holds key rate in surprise decision, keeps door open for more hikes
Source: Reuters
6/04/2023 10:14:59 AM
Governors, Chief Ministers of Telugu states greet people on Ugadi The Governors and Chief Ministers of Telangana and Andhra Pradesh on Wednesday greeted people on the occasion of Ugadi, or the Telugu new year. Telangana Governor Tamilisai Soundararajan greeted the people of the state and Telugu people across the world on 'Sri Shobhakruthu Nama Samvatsaram Ugadi'. "I am confident that Sri Shobhakruthu Nama Samvatsaram will usher in peace, prosperity, harmony, health and happiness to all people and sections of the society," the Governo...
Governors, Chief Ministers of Telugu states greet people on Ugadi
Governors, Chief Ministers of Telugu states greet people on Ugadi
Source: IANS
22/03/2023 4:55:04 PM
Andhra Pradesh making remarkable progress in agriculture, industries: Governor Andhra Pradesh Governor Abdul Nazir in his first address to the joint session of both the houses of the state legislature on Tuesday said that the state has taken a step forward in economic development and is making remarkable progress in the agricultural, industrial, and service sectors. "We are making remarkable progress and have achieved a growth rate of 11.43 per cent and the state is leading in economic development," the governor said in his speech on the first day of the bu...
Andhra Pradesh making remarkable progress in agriculture, industries: Governor
Andhra Pradesh making remarkable progress in agriculture, industries: Governor
Source: IANS
14/03/2023 5:31:41 PM
Telangana ,Chief Minister G K. Chandrasekhar Rao uv greet people on Holi Telangana Chief Minister K. Chandrasekhar Rao and Governor Tamilisai Soundararajan have greeted people on the occasion of Holi. The chief minister said in his message that "Holi welcomes innovative recommence of nature's cycle of time, indicating the beginning of beautiful spring season and having acquired novelty with green leaves". KCR said that the Indian culture that heartily welcomes novelty into the lives of one and all with budding hopes, is simply beautiful and gre...
Telangana ,Chief Minister G K. Chandrasekhar Rao uv greet people on Holi
Telangana ,Chief Minister G K. Chandrasekhar Rao uv greet people on Holi
Source: IANS
7/03/2023 12:33:52 PM
FM Nirmala Sitharaman meets French FM Bruno Le Maire  Finance Minister Nirmala Sitharaman on Friday met her French counterpart Bruno Le Maire on the sidelines of the ongoing G20 finance ministers and central bank governors (FMCBG) meeting in Bengaluru. Both the leaders agreed to extend the growing economic cooperation between the two countries to new areas like renewable energy, infrastructure and green cities. The ongoing problems due to debt vulnerabilities of several nations also featured during the discussion between the two lead...
FM Nirmala Sitharaman meets French FM Bruno Le Maire
FM Nirmala Sitharaman meets French FM Bruno Le Maire
Source: IANS
25/02/2023 9:07:04 AM
Finance Minister meets EU Commissioner, discusses G20 agenda items Amid hectic parleys with her counterparts of G20 nations on the eve of the two-day Finance Ministers and Central Bank Governors (FMCBG) meeting, which commences in Bengaluru from Friday, Finance Minister Nirmala Sitharaman on Thursday met European Union Commissioner Paolo Gentiloni. Both the leaders discussed the agenda items under G20's India Presidency. They further deliberated on global economic issues, including India's G20 priorities of global debt vulnerabilities, climate ...
Finance Minister meets EU Commissioner, discusses G20 agenda items
Finance Minister meets EU Commissioner, discusses G20 agenda items
Source: IANS
24/02/2023 9:08:11 AM
Prime Minister Narendra Modi describes UPI-Pay Now link as gift for India, Singapore Prime Minister Narendra Modi on Tuesday described the launch of the UPI-Pay Now link as a gift for the citizens of both India and Singapore. Expressing his views after witnessing the launch of cross-border linkage between India and Singapore using their respective fast payment systems, namely Unified Payments Interface (UPI) and PayNow, along with his Singapore counterpart Lee Hsien Loong, Modi said: "After today, people in Singapore and India will be able to transfer money from their...
Prime Minister Narendra Modi describes UPI-Pay Now link as gift for India, Singapore
Prime Minister Narendra Modi describes UPI-Pay Now link as gift for India, Singapore
Source: IANS
22/02/2023 9:23:34 AM
First G20 finance ministers, central bank guvs` meeting from February 22 The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the G20 Indian presidency will commence on Wednesday in Bengaluru. Economic Affairs Secretary Ajay Seth and Chief Economic Adviser Anantha Nageswaran told mediapersons in Bengaluru that Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das will jointly chair this meeting. Seth said that the G20 FMCBG meeting will be preceded by a meeting of G20 Finance and Central Bank Deputies (FCBD) on Febr...
First G20 finance ministers, central bank guvs` meeting from February 22
First G20 finance ministers, central bank guvs` meeting from February 22
Source: IANS
22/02/2023 9:22:36 AM
L-G approves Jan 24 as date for Delhi Mayoral polls Following the face-off between the BJP and AAP, the Delhi Lt. Governor (L-G) on Monday approved January 24 as the date for the city's Mayoral polls. The note from the L-G's office said: "I have perused the note at pre pages and as proposed, I approve the convening of the meeting of Municipal Corporation of Delhi on January 24 at 11 a.m." On January 12, the AAP-led Delhi government had proposed four dates -- January 18, 20, 21 and 24 -- for holding the polls to L-G V.K....
L-G approves Jan 24 as date for Delhi Mayoral polls
L-G approves Jan 24 as date for Delhi Mayoral polls
Source: IANS
16/01/2023 2:11:13 PM
X-Band Doppler Weather Radar comes up in J&K Jammu and Kashmir Lt Governor Manoj Sinha and Union Science Technology and Earth Sciences Minister, Dr Jitendra Singh on Sunday jointly inaugurated the X-Band Doppler Weather Radar at Banihal Top, during the 148th Foundation Day celebrations of India Meteorological Department. The event was also attended by Uttarakhand Chief Minister Pushkar Singh Dhami and his Himachal Pradesh counterpart Sukhvinder Singh Sukhu, virtually, as Doppler Weather Radar Systems for their states were also inaugu...
X-Band Doppler Weather Radar comes up in J&K
X-Band Doppler Weather Radar comes up in J&K
Source: IANS
16/01/2023 11:35:56 AM
President to inaugurate Constitution Park at Rajasthan Raj Bhavan President Droupadi Murmu will inaugurate the newly-constructed Constitution Garden and beautification works related to it at Rajasthan Raj Bhavan here on Tuesday. On this occasion, she will also interact with Kathodi and Sahariya tribals. The President will visit Mayur Stambh, the flag post, the Gandhi statue and Maharana Pratap's statue on Tuesday, before inaugurating the Constitution Park. Governor Kalraj Mishra, Chief Minister Ashok Gehlot, Assembly Speaker Dr C.P. Joshi, Urba...
President to inaugurate Constitution Park at Rajasthan Raj Bhavan
President to inaugurate Constitution Park at Rajasthan Raj Bhavan
Source: IANS
2/01/2023 5:45:15 PM
Asian shares muted as investors fret over China reopening Asian equities swung between losses and gains in choppy trading on Wednesday as investors looked for direction after China took further steps towards reopening its COVID-battered economy, with worries over an economic slowdown weighing on sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.12%, having slid as much as 0.5%. After having the best monthly performance in nearly 30 years in November, the index is flat for December with two days of trading left. ...
Asian shares muted as investors fret over China reopening
Asian shares muted as investors fret over China reopening
Source: Reuters
28/12/2022 8:53:26 AM
Industry hails move to make MeitY as nodal ministry for online gaming Industry leaders on Tuesday hailed the government's decision to appoint the IT Ministry as the nodal agency for online gaming-related matters. In a notification, the Centre said that matters related to online gaming will now be taken care of by the Ministry of Electronics and Information Technology (MeitY). An inter-ministerial task force, set up by the MeitY to regulate online gaming, had in October proposed the creation of a central regulatory body for the sector, clearly defining...
Industry hails move to make MeitY as nodal ministry for online gaming
Industry hails move to make MeitY as nodal ministry for online gaming
Source: IANS
27/12/2022 5:24:29 PM
Tamil Nadu Assembly session to begin on January 9 The first session of the Tamil Nadu Assembly in 2023 will commence from January 9 with Governor R.N. Ravi's customary address. The session will begin at 10 a.m. and the duration will be decided by the Business Advisory Committee of the state Assembly. The state Assembly Speaker's office in a statement said that the newly inducted minister, Udayanidhi Stalin, son of Chief Minister M.K. Stalin, will be allotted a front row in the Assembly. he will sit between Industries minister T...
Tamil Nadu Assembly session to begin on January 9
Tamil Nadu Assembly session to begin on January 9
Source: IANS
27/12/2022 11:31:00 AM
Experience a melange of cultures The eagerly anticipated North East Festival, the largest and liveliest festival in the capital, will take place in Delhi from December 23 to 26 at Jawaharlal Nehru Stadium (gate no. 14). The ninth North East Festival has a lot to offer, including exhibitions, book launches, B2B meetings, and a variety of cuisine, craft, and cultural events. Narayan Rane, Minister of Micro, Small and Medium Enterprises of India, who is going inaugurate North East Festival, said: "North East Festival, a...
Experience a melange of cultures
Experience a melange of cultures
Source: IANS
25/12/2022 2:22:10 PM
Yemen introduces solar project to reduce severe electricity outages Yemen will establish a new solar project to reduce electricity outages in the country's southern port city of Aden with the support of the UAE, the state-run Saba news agency reported. Yemen's Ministry of Electricity signed on Wednesday a joint cooperation agreement with Masdar, a renewable energy company based in Abu Dhabi, the capital of UAE, to build a 120-MW solar park in Aden in order to alleviate peoples' suffering in the war-ravaged Arab country, the state-run Saba news ...
Yemen introduces solar project to reduce severe electricity outages
Yemen introduces solar project to reduce severe electricity outages
Source: IANS
23/12/2022 11:59:19 AM
Next financial crisis can be triggered by private cryptocurrencies if such instruments allowed to grow: Shaktikanta Das Pressing for the prohibition of instruments like Bitcoin, Reserve Bank of India (RBI) Governor Shaktikanta Das has warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments are allowed to grow.  Das has been staunchly opposed to such instruments and the RBI has gone till the Supreme Court with its contention. He said 'Cryptocurrencies… have huge inherent risks from macroeconomic and financial stability (perspective) and...
Next financial crisis can be triggered by private cryptocurrencies if such instruments allowed to grow: Shaktikanta Das
Next financial crisis can be triggered by private cryptocurrencies if such instruments allowed to grow: Shaktikanta Das
Source: Accord Fintech
22/12/2022 12:43:25 PM
Indian-American Attorney Vivek Malek named 1st non-white treasurer of Missouri Indian-origin Attorney Vivek Malek has been appointed as the first non-white treasurer of the US state of Missouri, Governor Mike Parson announced. Haryana-born Malek, 45, will replace Republican Treasurer Scott Fitzpatrick, who is leaving the position to become state auditor in January. "Vivek Malek will be our next State Treasurer of the State of Missouri. Vivek's appointment will fill the vacancy created by the election of Treasurer Scott Fitzpatrick to the Office of Missour...
Indian-American Attorney Vivek Malek named 1st non-white treasurer of Missouri
Indian-American Attorney Vivek Malek named 1st non-white treasurer of Missouri
Source: IANS
22/12/2022 12:27:46 PM
Private cryptos will trigger next financial crisis if allowed to grow: RBI Governor As millions of investors face uncertainty in global crypto meltdown, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the next financial crisis will come from crypto collapse if private digital coins are allowed to grow. Addressing a group of banking sector leaders and lawmakers, Das emphasised that cryptocurrencies have no "underlying value" and pose great risks for global macroeconomic and financial stability. "After the development of the...
Private cryptos will trigger next financial crisis if allowed to grow: RBI Governor
Private cryptos will trigger next financial crisis if allowed to grow: RBI Governor
Source: IANS
21/12/2022 1:52:13 PM
Jammu and Kashmir Lieutenant Governor chairs meeting on preparations for G20 Summit meetings The Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, on Tuesday chaired a meeting to oversee the preparations for the upcoming G20 Summit meetings to be held in J&K next year. "The L-G called for extensive preparations ahead of the G20 meetings, and said the meetings under India's presidency is also an opportunity to share Jammu and Kashmir's achievements and showcase its rich cultural heritage," an official statement said. Sinha also called for involving stu...
Jammu and Kashmir Lieutenant Governor chairs meeting on preparations for G20 Summit meetings
Jammu and Kashmir Lieutenant Governor chairs meeting on preparations for G20 Summit meetings
Source: IANS
21/12/2022 12:08:01 PM
Yen soars to 4-month peak after surprise BOJ policy tweak The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan said it would review its yield curve control policy and widened the trading band for the 10-year government bond yield in an unexpected tweak. While it kept broad policy settings unchanged - pinning short-term JGB yields at -0.1% and the 10-year yield around zero - it widened the allowable band for long-term yields to 50 basis points either side of that, from 25 basis points previously. The dollar ...
Yen soars to 4-month peak after surprise BOJ policy tweak
Yen soars to 4-month peak after surprise BOJ policy tweak
Source: Reuters
20/12/2022 9:06:52 AM
RBI will continue to adopt participative, consultative approach to facilitate innovations in financial sector: Shaktikanta Das Advising FinTechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks, The Reserve Bank of India (RBI) Governor Shaktikanta Das has reiterated that the RBI will continue to adopt a participative and consultative approach for facilitating innovations in the financial sector. In a meeting with FinTechs and Industry Associations, the RBI Governor also said that FinTech initiatives and start-ups are ...
RBI will continue to adopt participative, consultative approach to facilitate innovations in financial sector: Shaktikanta Das
RBI will continue to adopt participative, consultative approach to facilitate innovations in financial sector: Shaktikanta Das
Source: IANS
15/12/2022 2:04:14 PM
Inflation to further decline; government on track to meet budgetary target for deficit: Nirmala Sitharaman Executing confidence that inflation would further decline, Finance Minister Nirmala Sitharaman has said that the government is on track to meet its budgetary target for deficit and added that there is no fear of stagflation in India. She further said that inflation has come down and it is now in the tolerable band of the RBI. She highlighted that inflation has been declining since April 2022 and it is declining further. As per the law, Monetary Policy Committee headed by RBI Governor has been...
Inflation to further decline; government on track to meet budgetary target for deficit: Nirmala Sitharaman
Inflation to further decline; government on track to meet budgetary target for deficit: Nirmala Sitharaman
Source: Accord Fintech
15/12/2022 11:24:35 AM
India CPI - Food falls but what's in store for core? India's November CPI printed 5.9 per cent y/y, well below consensus, driven by faster-than-expected disinflation in vegetables. Last month, we highlighted encouraging early signs for India's food inflation. This includes the ongoing seasonal fall in vegetable prices, softer growth in prices of pulses and edible oils, healthy progress in rabi season sowing (particularly for wheat) and moderation in global food prices & farm input costs. Cereal inflation has been a concern and wa...
India CPI - Food falls but what's in store for core?
India CPI - Food falls but what's in store for core?
Source: IANS
13/12/2022 4:30:16 PM
3-day G20 finance meeting begins in Bengaluru The first G20 Finance and Central Bank Deputies (FCBD) meeting with an aim of forging a common path on global priorities through the theme of "Vasudhaiva Kutumbakam" (world is one family), kicked off in Bengaluru on Tuesday. The three-day meeting which marks the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Union Ministry of Finance and the Reserve Bank of India (RBI). The G20 Finance Track, led by Finance Minis...
3-day G20 finance meeting begins in Bengaluru
3-day G20 finance meeting begins in Bengaluru
Source: IANS
13/12/2022 11:42:13 AM