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The Latest Breaking News from RBI

₹2,000 notes withdrawn: LPG agencies, petrol bunks to play safe after facing heat from I-T dept.

LPG agencies, petrol bunks to play safe after facing heat from I-T dept.

The Hindu

No major disruption expected in withdrawal of ₹2,000 currency notes

The Hindu

Andhra Pradesh: Minister ridicules Naidu’s claim that he is behind withdrawal of ₹2,000 denomination banknotes

The decision to withdraw the 2,000 denomination banknotes from circulation by the RBI has been taken at the highest level, and TDP supremo Chandrababu Naidu seems to be not in control of himself, says Gudivada Amarnath

The Hindu

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Mamata calls decision of pulling out ₹2,000 notes from active circulation ‘whimsical’

Mamata Banerjee who was severely critical of demonetisation in November 2016 described the decision of the RBI as a “misadventures by an oligarchic & authoritarian government

The Hindu

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

The Hindu

Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

The Hindu

RBI withdraws Rs 2000 note from circulation, to remain legal tender; exchange facility available till Sept 30

The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

Dynamite News

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Explained | What are RBI regulations on green deposits?

The Reserve Bank of India (RBI) has come up with a regulatory framework for banks to accept green deposits from customers.

The Hindu

No hike in repo rate has made builders breathe easy

Builders breathe easy following pause in repo rate hike by RBI

The Hindu

Top official refutes allegations that Andhra Pradesh’s finances are in a bad shape

A deliberate malicious campaign is being carried out that Andhra Pradesh is reeling under ₹10 lakh crore debt, says Duvvuri Krishna

The Hindu

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

The Hindu

Batting for borrowers: on the Reserve Bank of India’s recent draft circular

The Reserve Bank of India’s decision to ensure a fair and transparent approach to credit pricing must be viewed in the context of increasing retail lending

The Hindu

PM’s visit: Traffic regulations from 7 a.m. to 2 p.m.

Traffic will be regulated from 7 a.m. to 2 p.m. on the road leading from Shangumughom-All Saints College stretch to Chakka, Pettah, Pattoor, Asan Square, Panchapura Junction, RBI, Bakery Junction, Panavila, Model School Junction, Aristo Junction, and Thampanoor.

The Hindu

Daily Dose Ep 1334: 2020 Delhi riots case, US to issue record visas to Indians

Gurmehar Kaur brings you the news from Delhi, the US, the RBI and Bihar.

Newslaundry

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Dynamite News

RBI decides to keep repo rate unchanged at 6.5 pc

The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:

Dynamite News

SC rejects Centre's plea for more compensation for Bhopal gas tragedy victims

The Supreme Court on Tuesday dismissed the Centre's curative plea for enhanced compensation for the victims of the 1984 Bhopal Gas tragedy from US-based firm Union Carbide Corporation, now owned by Dow Chemicals. Read further on Dynamite News:

Dynamite News

Delhi: Fake RBI Documents Worth Rs.88k Crore Seized By CISF At IGI Airport; Three Passengers Nabbed

Fake Reserve Bank of India (RBI) documents worth Rs. 88 thousand crores were seized at the Indira Gandhi International Airport. Read further on Dynamite News:

Newslaundry

Daily Dose Ep 1272: PM hits out at Opposition, BJP MP’s move against Rahul Gandhi

Saeeduzzaman brings you the news from Parliament, Supreme Court, RBI, Turkey, and Syria.

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Dynamite News

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

Dynamite News

Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

The top court's remarks came when the Reserve Bank of India counsel made the submission that judicial review cannot apply to economic policy decisions. Read on for details:

Dynamite News

Global Spillovers, Financial Market, General Risks Increased, While Macroeconomic Risks Have Moderated: RBI Survey

The Reserve Bank of India's latest Systemic Risk Survey (SRS) showed that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated. Read on for details:

Dynamite News

Rupee's Outlook Depends Largely On Global Monetary Policy Moves

Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022. Read on for details:

Dynamite News

RBI Monetary Policy Committee Hikes Policy Rate By 35 Bps To 6.25 Per Cent

The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. Read on for details:

Dynamite News

Delhi HC Seeks RBI Stand On PIL Seeking Uniform Banking Code For Foreign Exchange Transactions

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a Public Interest Litigation (PIL) seeking direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami transactions. Read on for details:

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