RBI watchful of emerging risks; be cautious of tech disruptions: Guv Shaktikanta Das
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
Central banks remain steadfast and data-dependent in their fight against inflation.
The Reserve Bank said that Paytm was given sufficient time for compliance with the norms.
It is proposed to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by the banks, the Governor said.
RBI Governor Shaktikanta Das attributed comfortable inflation and firm growth dynamics as the reasons behind keeping the repo rate unchanged.
The RBI has also terminated the nodal accounts of One97 Communications Ltd., the parent company of Paytm, and Paytm Payments Bank Ltd.
The visit of Dr Raghuram Rajan, a former Governor of Reserve Bank of India, and a former Chief Economic Advisor, has generated a great deal of controversy.
With the Reserve Bank of India's Inter-Departmental Group having expressed the view that the rupee possesses the potential of evolving into a global currency in the wake of India's resilient economic growth amid global challenges, the potential of such a development is significant for India's economic growth and international standing.
The RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors.
The promise was of 10 million new jobs every year and, ironically, the labour ministry’s own data has exposed the vacuousness of the promise, with virtually nothing by way of “real-time data on job creation” that the government claims.
