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IMF recalibrating India’s growth forecast is ‘gross under estimation’: N K Singh
The International Monetary Fund (IMF) lowered India's potential growth prediction to 6% last week, citing the pandemic as the reason.
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Indian economy expected to grow at 9.5% in FY22: UBS report
From a fiscal perspective, the report estimates the consolidated deficit to narrow to 9.8% of GDP in the current year from 13.4% in FY21
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Former finance secretary Subhash Chandra Garg bats for India’s own digital currency
Garg previously chaired an inter-ministerial committee on cryptocurrencies
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RBI announces scale-based regulatory structure
The new regulatory framework will be effective form October next year
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RBI focused on holding inflation at 4%: Shaktikanta Das
The retail inflation has started to move down after being above 6% in May and June. In September, the inflation was ruling at 4.35%
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Protection of NBFC customers’ interest non-negotiable: RBI deputy governor
He said at the NBFC Summit that we should not compromise on the ethos of finance for mercurial or ephemeral gains
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SGB: Another four tranches to start from October 25
SGB: Six tranches of the gold bonds were issued between May and September, 2021.
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RBI fines Paytm Payments Bank Rs 1cr for non-compliance; Western Union also penalised
Paytm penalised for submitting information which did not reflect the factual position
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ATM closure threat: RBI shouldn’t buckle
If it is difficult to ensure cash in ATMs in far flung areas, ATMs can be graded according to distance from cities & penalty calibrated accordingly.
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Economy is picking up steam: RBI report
The momentum is on account of the strong performance of kharif agricultural production and revival of manufacturing
