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Net State Value Added (NSVA) by economic activity from agriculture witnessed a cent per cent rise during 2017-2021.
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Risks to the inflation outlook are skewed to the upside due to uncertainty around food inflation trajectory (sowing for rice, pulses is lower YoY), changes in global commodity prices and possibility of imported inflation if exchange rate weakens amid dollar strength, the report added.
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RBI has already announced that it will pilot Central bank digital currency, the digital equivalent to the rupee, this year, read here to know what it means.
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The rupee appreciated 7 paise to 79.84 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities.
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The RBI has also issued Master Directions for classification and reporting of frauds by commercial banks and select financial institutions.
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Mumbai: The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI). As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank […]
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Hyderabad: India’s GDP has to grow at nine per cent for the next five years till 2028-29 to be a five trillion dollar economy (about Rs 400 lakh crore), said Dr D Subbarao, Former RBI Governor. Speaking at India @75- Marching Towards $5 Trillion Economy on the occasion of 75 years of Indian Independence celebrations […]
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Mumbai: The benchmark indices rose during the afternoon trade on Friday, after falling marginally the previous day as 50 basis points rate hike by the Reserve Bank of India (RBI) was in line with the market expectations and inflows from foreign investors. By 1 p.m., Sensex was trading up 175.73 points or 0.30 per cent at […]
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Mumbai: The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent. This is the third […]
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New Delhi: The three-day Reserve Bank of India’s monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation. In line with the global trend of monetary policy tightening to cool off inflation, the RBI has so far hiked […]
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Hyderabad: While digital payments rule the roost, issuing cheques, particularly for high-value transactions, is still an important aspect of the banking system. There have been some cases of amounts getting tampered and signatures being forged. But now, an extra level of security has been added — the positive pay confirmation. Under positive pay confirmation, the […]
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New Delhi: After touching an all-time low and psychologically crucial level of 80 per US dollar last week, the Indian currency rupee traded largely steady on Monday. At the time of writing this report, the rupee traded at 79.82, data showed. An elevated risk appetite in the domestic financial markets and softening of crude oil […]
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By Dr K Srinivasa Rao Despite the ongoing twin crisis – lingering Covid-19 and war between Russia and Ukraine, banks have gained strength in the last couple of years. The RBI’s Financial Stability Report-June 2022 reflects improved asset quality and capital adequacy ratio (CAR). The asset quality of banks continued to improve steadily with the […]
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Hyderabad: In what appears to be a politically-motivated move to stall Telangana’s development, the union Finance Ministry has reduced the State’s open market borrowing limit by Rs 19,000 crore for this fiscal. Telangana will be able to raise only Rs 34,970 crore in 2022-23 as against the Rs 53,970 crore Fiscal Responsibility and Budget Management […]
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By B Yerram Raju I saw the film RRR and wondered how I should title this article on Asset Quality Review (AQR) undertaken by Raghuram Rajan Reforms (RRR) in the banking sector during his regime as Governor. The Economic Survey 2020-21 while criticising the AQR’s inability to prevent the evergreening of loans in the name […]
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Hyderabad: After almost a decade, the real estate sector was able to stabilise its property prices in 2019 with home loan rates going down and the purchasing power of buyers growing. However, in the last two quarters, the affordability index, which tracks EMI to income ratio, has gone down marginally all thanks to the recent […]
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By B Yerram Raju “Money begets money,” says Geoffrey Crowther. Absolutely true — whether it is with individuals, institutions, or nations. Why should nations borrow? One should go back to the post-world war economy. People lost all their wealth and assets in the war. To provide money in people’s hands, Keynes propounded ‘dig holes and […]
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Hyderabad: It’s official now! Telangana’s repeated contention that it was a pure political play on the part of the BJP government at the Centre in not allowing the State to raise open market borrowings (OMBs) and that it was not based on any fiscal issue has been virtually acknowledged by the country’s Central bank. By […]
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Hyderabad: Riding on goals from Shaun Campbell in the 26th minute and Anuj in the 68th minute, RBI defeated OK Sporting FC 2-1 in the Telangana Football Association C division football league at the Gymkhana on Thursday. For the losing outfit, Md Afeef scored a goal in the 18th minute to reduce the margin. Result: […]
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Mumbai: The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. “I think […]
