RBI Report Highlights Major Digital Economy Concerns
Recently, the RBI released its Report on Currency and Finance (RCF), which highlights some of the major concerns in the Indian banking and financial sector. The report mentions that the financial sector in India has undergone some major changes in the last decade due to the mass adoption of technological advancements. This shift has negatively…
Vikas
RBI’s MPC Meeting Update – Repo Rate Hiked By 50 bps
The Reserve Bank Of India (RBI) has increased the repo rate by 50 basis points to 4.90%. The decision has been made after Monetary Policy Committee’s meeting on Wednesday. RBI’s decision is not a stunner as many polls and economists were expecting a 40 basis point hike. RBI has reduced the repo rate in March…
Aman Goyal
Centre Pushes Bill To Impose A Blanket Ban On Cryptocurrencies
The “Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” is expected to be introduced by the government. “The bill will be considered and passed during the winter session of Parliament, which begins on November 29. The bill’s goal is to “provide a conducive environment for the formation of the Reserve Bank of India’s official…
John David