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"Make In India Need Not Become Make All That India Needs": RBI Ex-Governor
Sounding a note of caution, former RBI Governor D Subbarao on Monday said that 'Make in India' should not transform into 'Make all that India needs' as it would hurt investments in the country and impact productivity.
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
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RBI Issues Alert Against Prepaid Payment Instruments By Illegal Entities
The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.
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RBI Cautions People Against KYC Updation Fraud, Shares Do's, Don'ts
The Reserve Bank of India (RBI) has cautioned people against fraud in the name of KYC updation amid increasing incidents of customers falling prey to fraud.
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Talks Underway for Global Framework on Crypto Rules, Says FM Nirmala Sitharaman
Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.
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Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
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Cryptocurrencies Yet to Pass Test to Become Fiat Currency: CEA V Anantha Nageswaran
India’s Chief Economic Advisor V Anantha Nageswaran has shared his note of caution for cryptocurrencies. The official expressed that cryptocurrencies are yet to pass the test to become fiat currency, while also mentioning that it would be difficult to regulate them.
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"Anti-Minority" Image Will Hurt Indian Companies, Warns Raghuram Rajan
Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian product.
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RBI Cautions Public Against Prepaid Payment Instruments Issued by Unauthorised Entities
The RBI said Gurugram-registered sRide Tech Private Limited is operating a pre-paid instrument (wallet) through its car-pooling app sRide without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities.
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Cryptocurrency Bill to Be Tabled in Parliament After Cabinet Approval, Says Finance Minister Nirmala Sitharaman
A bill on the regulation of cryptocurrency and other digital currencies due to be tabled in the Parliament will come after it is approved by the union cabinet, Finance Minister Nirmala Sitharaman told Rajya Sabha on Tuesday.
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Raghuram Rajan's Critique Of Government Mentions "Ruling Party's Troll Army"
Suppressing criticism is a "sure fire recipe" for policy mistakes, cautioned former RBI Governor Raghuram Rajan in a hard-hitting blog arguing that people in authority should tolerate criticism.
-
2016 RBI Note Had Warned Banks About Tech Misused In Nirav Modi Fraud
Long before the Punjab National Bank (PNB) scam erupted, the Reserve Bank of India had cautioned banks about the abuse of the SWIFT interbank network, for "unauthorised transfer of funds". A circular put out by the central bank in August 2016 has emerged just after the government called the PNB fraud a result of "supervisory failure" at the central...
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RBI Keeps Key Lending Rate Unchanged At 6%, Cautions On Inflation
The decision came after surging oil and food prices pushed the annual consumer inflation to a 17-month high of 5.21% in December.
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Amid Caution, These Stocks Lose Upto 8% In Run Up To RBI Policy
Natco Pharma, Vakrangee, Redington, NTPC and HCL Technologies posted heavy losses on Wednesday.
-
"Make In India Need Not Become Make All That India Needs": RBI Ex-Governor
Sounding a note of caution, former RBI Governor D Subbarao on Monday said that 'Make in India' should not transform into 'Make all that India needs' as it would hurt investments in the country and impact productivity.
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
-
RBI Issues Alert Against Prepaid Payment Instruments By Illegal Entities
The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.
-
RBI Cautions People Against KYC Updation Fraud, Shares Do's, Don'ts
The Reserve Bank of India (RBI) has cautioned people against fraud in the name of KYC updation amid increasing incidents of customers falling prey to fraud.
-
Talks Underway for Global Framework on Crypto Rules, Says FM Nirmala Sitharaman
Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.
-
Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
-
Cryptocurrencies Yet to Pass Test to Become Fiat Currency: CEA V Anantha Nageswaran
India’s Chief Economic Advisor V Anantha Nageswaran has shared his note of caution for cryptocurrencies. The official expressed that cryptocurrencies are yet to pass the test to become fiat currency, while also mentioning that it would be difficult to regulate them.
-
"Anti-Minority" Image Will Hurt Indian Companies, Warns Raghuram Rajan
Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian product.
-
RBI Cautions Public Against Prepaid Payment Instruments Issued by Unauthorised Entities
The RBI said Gurugram-registered sRide Tech Private Limited is operating a pre-paid instrument (wallet) through its car-pooling app sRide without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities.
-
Cryptocurrency Bill to Be Tabled in Parliament After Cabinet Approval, Says Finance Minister Nirmala Sitharaman
A bill on the regulation of cryptocurrency and other digital currencies due to be tabled in the Parliament will come after it is approved by the union cabinet, Finance Minister Nirmala Sitharaman told Rajya Sabha on Tuesday.
-
Raghuram Rajan's Critique Of Government Mentions "Ruling Party's Troll Army"
Suppressing criticism is a "sure fire recipe" for policy mistakes, cautioned former RBI Governor Raghuram Rajan in a hard-hitting blog arguing that people in authority should tolerate criticism.
-
2016 RBI Note Had Warned Banks About Tech Misused In Nirav Modi Fraud
Long before the Punjab National Bank (PNB) scam erupted, the Reserve Bank of India had cautioned banks about the abuse of the SWIFT interbank network, for "unauthorised transfer of funds". A circular put out by the central bank in August 2016 has emerged just after the government called the PNB fraud a result of "supervisory failure" at the central...
-
RBI Keeps Key Lending Rate Unchanged At 6%, Cautions On Inflation
The decision came after surging oil and food prices pushed the annual consumer inflation to a 17-month high of 5.21% in December.
-
Amid Caution, These Stocks Lose Upto 8% In Run Up To RBI Policy
Natco Pharma, Vakrangee, Redington, NTPC and HCL Technologies posted heavy losses on Wednesday.
