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demonetisation, rbi, black money, cashless economy, reserve bank of india, narendra modi, indian economy, gst

RBI to classify P2P lending firms as NBFCs

A P2P lender is typically a fintech platform which helps lenders and prospective borrowers get in touch with each other. In India, three broad categories of fintech lenders operate.

Shankar Acharya, RBI, Rupee, Indian economy, Appreciation of rupee, Manufacturing sector, Business news, Indian Express

RBI should not allow rupee to appreciate: Shankar Acharya

Former chief economic advisor Shankar Acharya on Friday said that the RBI should not allow the rupee to appreciate further and time was ripe to reverse it.

demonetisation, rbi, black money, cashless economy, reserve bank of india, narendra modi, indian economy, gst

RBI looking into cryptocurrencies, ‘not comfortable’ with Bitcoin

The central bank had not previously disclosed its plans on cryptocurrencies and there are no details on where discussions on the issue stand. It was unclear whether the RBI plans to issue a recommendation on cryptocurrencies to the government, or if it being reviewed.

RBI not comfortable with cryptocurrencies like Bitcoins, says Executive Director Sudarshan Sen

According to some media reports, there has been a growing number of investors in such currencies over the last few years, especially with the huge spurt in the value of a few of them since the Donald Trump administration came in the United States.

gdp, gdp growth, sbi, state bank of india, india economy, indian economy, india gdp growth

As India Inc struggles to cut down debt, the economy suffers

Thomson Reuters data, based on the latest annual earnings reports, shows India’s corporate debt rose to a seven-year high at the end of March.

FDI, Foreign direct investment, RBI, india foreign investment, business news

No concrete plan for PSBs’ balance sheet woes: RBI Deputy Governor Viral Acharya

Reserve Bank Deputy Governor Viral Acharya on Thursday said there’s no concrete plan for public sector banks’ balance sheets, especially in capital raising.

raghuram rajan, rbi, rbi governor, indian economy, demonetisation, gdp, gdp growth, raghuram rajan gdp, gdp rajan

Raghuram Rajan at book launch: To boost growth, focus on stalled infra projects, power and exports

Former RBI Governor Raghuram Rajan said that one should not be pessimistic that good times are over but there is need to worry, especially if the rate of job creation doesn’t match the rate of new entrants in labour force.

RBI, P2P, peer-to-peer lenders, Reserve Bank of India, Ministry of finance, business news

Size of Contingency Fund: Where govt, RBI disagree

The issue was who would bear the cost. If the government did, it would add to its borrowings. If the RBI did it, its balance sheet would turn from surplus to deficit.

FDI, Foreign direct investment, RBI, india foreign investment, business news

RBI’s return on foreign currency assets down at 15-year low of 0.80%

Income from foreign sources fell by 35.27% from Rs 28,713 crore in 2015-16 to Rs 18,586 crore in 2016-17

FDI, Foreign direct investment, RBI, india foreign investment, business news

Virtual currencies prone to misuse, cautions RBI

The RBI retreated that it had cautioned users, holders and traders of virtual currencies about the potential financial, operational, legal, customer protection and security related risks they are exposing themselves to.

Raghuram Rajan, former RBI governor, RBI, Governor, Commerce, Economy, GSt, Indian Express

As RBI Governor, I was never asked to decide on demonetisation, says Raghuram Rajan

The former RBI governor cautions that “efforts to belittle the position by bringing it into the bureaucratic hierarchy are misguided and do not serve the national interest”.

demonetisation news, Purpose of demonetisation, Demonetisation of currency notes, Demonetisation in India, demonetisation and finance ministry, India news, National news, Maharashtra news

Across the aisle: Demonetisation, a proof of the pudding

Since demonetisation, quarterly growth (and hence annual growth) has settled at between 6 and 7%. The CSO numbers for Q1 of 2017-18 are worse: GDP 5.7%, GVA 5.6% and manufacturing GDP 1.2%. Is that not a catastrophic blow to the economy?

FDI, Foreign direct investment, RBI, india foreign investment, business news

Congress asks if RBI deliberately slowed counting of junked notes

Asked about reported comments by the RSS on demonetization, the Congress leaders said the RBI figures and facts had a strange way of being “painful, truthful and undeniable”.  

FDI, Foreign direct investment, RBI, india foreign investment, business news

Banks non-food credit growth slows to 5.3% in July

“Credit growth to major sub-sectors such as infrastructure, basic metal and metal products, textiles, petroleum, coal products and nuclear fuels and all engineering witnessed contraction/deceleration,” RBI said in a release at Mumbai on Thursday.

AAP, Aam Aadmi Party, BJP, CBI, Haryana medical college, haryana medical college scam, Arvind Kejriwal, JP Nadda,

Note-ban broke the backbone of Indian economy, says AAP

“We have been saying since day one that demonetisation is one of the biggest scams in independent India which has broken the backbone of the country’s economy. The prime minister should apologise to the nation,” AAP leader Sanjay Singh asserted.