An Oxford University study has lauded Prime Minister Modi’s leadership and the innovative PRAGATI platform for accelerating 340 infrastructure projects across India, collectively worth $201 billion.
Reserve Bank of India (RBI) is under scrutiny as Tata Sons, the holding company of the prominent Tata Group, navigates regulatory challenges related to its upcoming Initial Public Offering (IPO).
Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24
he Reserve Bank of India (RBI) has disclosed that 97.87% of the ₹2,000 denomination banknotes, amounting to ₹3.56 lakh crore in value,
“By 2047-2050 we are going to start growing old. Are we going to be rich by then? Not at 6-6.5 per cent growth,” he said.
The RBI's directive, issued under Section 35A of the Banking Regulation Act, 1949, underscores the central bank's concerns about deficiencies observed during its IT examinations of KMB for the years 2022 and 2023. Despite receiving corrective action plans from the RBI in both years, subsequent assessments revealed ongoing non-compliance by the bank.
India’s recent economic performance has once again demonstrated its resilience and dynamism, with a remarkable GDP growth of 8.4% in the October-December quarter of 2023-24, marking the highest growth rate in six quarters. This stellar achievement has firmly established India as the fastest-growing major economy globally, outpacing economic powerhouses like China, the US, and the […]
NEW DELHI: Paytm CEO Vijay Shekhar Sharma came under limelight after the Reserve Bank of India (RBI) imposed restrictions on the Paytm Payments Bank, prohibiting the entity from providing additional banking services starting March 2024. Despite this grim situation of his company, Sharma still looked very flamboyant when spotted by The New Indian’s Executive Editor […]
NEW DELHI: The Reserve Bank of India (RBI) has implemented restrictions on Paytm Payments Bank, prohibiting the entity from providing additional banking services starting March 2024. This action stems from concerns related to the breach of regulatory norms and compliance issues. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors […]
The central bank had declared the withdrawal of Rs 2,000 notes on May 19, 2023.