According to RBI Monetary Policy Committee (MPC) member Jayanth R Varma, India’s economic development appears to be “extremely unstable” and may not be sufficient for the nation to meet the demands of its expanding workforce.In India, according to Varma, he anticipates that inflation would stay high in 2022–2023 but will sharply decline in 2023–2024. Nevertheless,…
At its upcoming meeting, which is set for April 6–8, the monetary policy committee (MPC) is expected to vote in favour of a 25 basis point increase in the policy repo rate, according to economists, as the February MPC review minutes highlighted internal members’ elevated concerns over core inflation and hawkish communication. The February MPC…
According to a warning in an article in the most recent monthly bulletin from the RBI, the decline in inflation is predicted to be obstinate and hampered by supply shocks over the coming year. According to the article headed “Status of the Economy,” almost every other component of the consumer price index, statistical and exclusion…
Applications for authorization under the 2007 Payment and Settlement Systems Act from well-known online PAs (non-bank payment aggregators), including Freecharge PayTM Payments Services, Payment Technologies, and PayU Payments, have been rejected by the Indian Central Bank (PSS Act). Also, the central bank amended the Technology Tapits application. Yet, to be fair, within 120 days of…
Forward-looking polls from the Reserve Bank of India indicate a general improvement in the economy. While a survey of 40 professional forecasters on macroeconomic indicators predicted GDP growth of 6.6-7.2% for 2022–2023, a survey on the outlook for services and infrastructure revealed an improvement in the general business environment, with respondents especially upbeat about employment…
The RBI stated in its Statement on Developmental and Regulatory Policies that it is putting up a pilot project on QR code-based coin vending machines (QCVM) in partnership with a few major banks to increase coin distribution to the general population. The QCVM is a cashless coin dispenser that eliminates the requirement for physical banknote…
The majority of financial industry professionals anticipate the Monetary Policy Committee (MPC) to opt for a moderate repo rate increase of 25 basis points during its policy review meeting this week. Monday marks the beginning of the MPC’s three-day deliberations, and February 8 marks the announcement of the result. In his most recent bimonthly monetary…
In light of the Adani Group of Companies’ stocks and bonds taking a beating over the past few days and Adani Enterprises’ withdrawal of its fully subscribed 20,000 crore follow-on public offer, the Reserve Bank of India (RBI) has asked banks to share details of the loans they have sanctioned to the Adani Group of…
On Thursday, the Reserve Bank of India (RBI) stated that its goal for 2023 is to control inflation and bring it into line with the desired level by 2024. The consumer price index (CPI) eased to 5.7% in December from 5.9% a month earlier, according to the most recent data, driven mostly by a strong…
The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been urged by the Commodity Participants Association of India (CPAI) to request that MCX swiftly disclose the new cotton futures contract specification. The present contract will expire on December 30, according to CPAI President Nariender Wadhwa, who noted that MCX informed on…
