Rbi Report

Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.

Former RBI governor Raghuram Rajan called "completely unproductive" the attacks on the private firms, like an RSS affiliated magazine's recent terming of Infosys "anti-national". He said anyone can make mistakes but one must learn from them.

Foreign currency assets, a major component of the overall reserves, decreased by $1.358 billion to $576.374 billion in the reporting week, as per the weekly data by the Reserve Bank of India.

"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.

RBI has noted that the supply situation is improving as monsoon is getting back to normal levels and sowing activities have quickened.

RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.

The bond yields in India will rise by year-end as disagreement among central bank's rate-setting panel members indicates they are moving toward a more hawkish stance, a Bloomberg survey has found

Mastercard has submitted a new audit report to Reserve Bank of India (RBI), it told Reuters, as it seeks to overturn a ban on card issuance linked to concerns over the U.S. giant's handling of data processed abroad.

Reserve Bank of India is considering a phased introduction of its own central bank digital currency (CBDC), according to Deputy Governor T. Rabi Sankar

Forex Reserves: The country's foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, RBI data showed.

The July 15-22 poll of 52 economists showed a third consecutive downgrade to the growth outlook for the current fiscal year 2021-22, but also the third such upgrade to the following year.

RBI's order followed similar action in April against American Express, but Mastercard is a much bigger player in the Indian market, where many lenders offer cards using the U.S. firm's payments network.

The near-term prospects for the Indian economy have brightened with the tapering of the second wave as well as aggressive vaccination push.

Inflation stayed above the RBI's mandated two per cent - six per cent target band for a second straight month, but eased on a month-on-month basis.

Foreign currency assets (FCA) surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India (RBI).

Cryptocurrency income could be taxed in India as a new committee formed by the finance ministry will reportedly submit an analysis exploring taxation options on crypto-incomes in the next four weeks.

Former RBI governor Raghuram Rajan called "completely unproductive" the attacks on the private firms, like an RSS affiliated magazine's recent terming of Infosys "anti-national". He said anyone can make mistakes but one must learn from them.

Foreign currency assets, a major component of the overall reserves, decreased by $1.358 billion to $576.374 billion in the reporting week, as per the weekly data by the Reserve Bank of India.

"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.

RBI has noted that the supply situation is improving as monsoon is getting back to normal levels and sowing activities have quickened.

RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.

The bond yields in India will rise by year-end as disagreement among central bank's rate-setting panel members indicates they are moving toward a more hawkish stance, a Bloomberg survey has found

Mastercard has submitted a new audit report to Reserve Bank of India (RBI), it told Reuters, as it seeks to overturn a ban on card issuance linked to concerns over the U.S. giant's handling of data processed abroad.

Reserve Bank of India is considering a phased introduction of its own central bank digital currency (CBDC), according to Deputy Governor T. Rabi Sankar

Forex Reserves: The country's foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, RBI data showed.

The July 15-22 poll of 52 economists showed a third consecutive downgrade to the growth outlook for the current fiscal year 2021-22, but also the third such upgrade to the following year.

RBI's order followed similar action in April against American Express, but Mastercard is a much bigger player in the Indian market, where many lenders offer cards using the U.S. firm's payments network.

The near-term prospects for the Indian economy have brightened with the tapering of the second wave as well as aggressive vaccination push.

Inflation stayed above the RBI's mandated two per cent - six per cent target band for a second straight month, but eased on a month-on-month basis.

Foreign currency assets (FCA) surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India (RBI).