RBI reviews FEMA to boost cross-border INR transactions
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
There has been a significant increase in jobs from 471.5 million in 2014-15 to 643 million in 2023-24, according to provisional estimates from the RBI’s KLEMS database.
India’s banking sector is grappling with a significant liquidity crunch, one that threatens not only financial stability but also the broader economy.
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
The Reserve Bank of India (RBI) Governor Shaktikanta Das was hospitalised here earlier in the day with a minor health issue. The Central Bank said that “there is no cause for concern”.
It forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.
A survey of agri-tech startups shows that they benefit from government’s funding support, research and development and state support in the form of digital infrastructure.
The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year).
As the Winter Session of the Parliament will convene on Monday, Union Finance Minister Nirmala Sitharaman will move several Bills, including The Banking Laws (Amendment) Bill which aims to amend the Reserve Bank of India Act, 1934, in addition with the Banking Regulation Act, the State Bank of India Act.
