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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
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Cryptocurrencies Are ‘Complete Fraud’, Citron Research Founder Andrew Left Says
Citron Research founder Andrew Left on Monday called cryptocurrencies a “fraud”. Speaking at a conference about fraud financial markets where he saw potential fraud, Left said "I think crypto is just complete fraud, over and over and over." One of the world’s best known short sellers, Left did not reveal whether he had any investments in cryp...
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Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
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India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
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IMF Inducts Raghuram Rajan To Key Advisory Panel
IMF MD Kristalina Georgieva on Friday named the inclusion of former RBI governor Raghuram Rajan and 11 others to her external advisory group to provide perspectives from around the globe on key developments and policy issues.
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With 194 New Cases, COVID-19 Count Crosses 900-Mark: 10 Points
India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...
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India Moves Up 14 Spots To 63 On World Bank's Ease Of Doing Business Ranking
India jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking released on Thursday, riding high on the government's flagship ''Make in India'' scheme and other reforms attracting foreign investment.
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Operational Independence Of Central Banks Important: IMF On Reserve Bank
The International Monetary Fund (IMF) on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
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Important For Indian Government To Heed RBI On Stability: IMF Chief
It is important for the Indian government to heed the RBI's message on financial stability, IMF's Chief Economist Maurice Obstfeld said Sunday, amidst reports of friction between the central bank and the Finance Ministry.
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"Postmortem Easier For Some": Arun Jaitley's Retort To Raghuram Rajan
Finance Minister Arun Jaitley Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by micro, small and medium enterprises (MSME) lending, saying postmortem is easier than taking action when it was required.
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India Needs To Strengthen RBI's Independence, Says IMF
India needs to strengthen Reserve Bank's independence so as to help it pro-actively supervise banks and deal with issues like removal of government-appointed directors on bank boards, says an IMF report.
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International Monetary Fund Paper Counters Raghuram Rajan on Easy Policy Being Recipe for Crisis
With Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an International Monetary Fund (IMF) research paper has countered his views.
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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
-
Cryptocurrencies Are ‘Complete Fraud’, Citron Research Founder Andrew Left Says
Citron Research founder Andrew Left on Monday called cryptocurrencies a “fraud”. Speaking at a conference about fraud financial markets where he saw potential fraud, Left said "I think crypto is just complete fraud, over and over and over." One of the world’s best known short sellers, Left did not reveal whether he had any investments in cryp...
-
Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
-
India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
-
IMF Inducts Raghuram Rajan To Key Advisory Panel
IMF MD Kristalina Georgieva on Friday named the inclusion of former RBI governor Raghuram Rajan and 11 others to her external advisory group to provide perspectives from around the globe on key developments and policy issues.
-
With 194 New Cases, COVID-19 Count Crosses 900-Mark: 10 Points
India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...
-
India Moves Up 14 Spots To 63 On World Bank's Ease Of Doing Business Ranking
India jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking released on Thursday, riding high on the government's flagship ''Make in India'' scheme and other reforms attracting foreign investment.
-
Operational Independence Of Central Banks Important: IMF On Reserve Bank
The International Monetary Fund (IMF) on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
-
Important For Indian Government To Heed RBI On Stability: IMF Chief
It is important for the Indian government to heed the RBI's message on financial stability, IMF's Chief Economist Maurice Obstfeld said Sunday, amidst reports of friction between the central bank and the Finance Ministry.
-
"Postmortem Easier For Some": Arun Jaitley's Retort To Raghuram Rajan
Finance Minister Arun Jaitley Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by micro, small and medium enterprises (MSME) lending, saying postmortem is easier than taking action when it was required.
-
India Needs To Strengthen RBI's Independence, Says IMF
India needs to strengthen Reserve Bank's independence so as to help it pro-actively supervise banks and deal with issues like removal of government-appointed directors on bank boards, says an IMF report.
-
International Monetary Fund Paper Counters Raghuram Rajan on Easy Policy Being Recipe for Crisis
With Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an International Monetary Fund (IMF) research paper has countered his views.
