Union Finance Minister Nirmala Sitharaman has underscored the need to achieve the target of one billion UPI transactions per day within the next two to three years. She has stressed…
Union Minister for Electronics and Information Technology Ashwini Vaishnaw has said that Direct Benefit Trasfer- DBT initiative of Prime Minister Narendra Modi has saved 3.48 lakh crore rupees by reducing…
India’s financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to…
The Government today stated that claims suggesting it is considering levying GST on UPI transactions over two thousand rupees are completely false, misleading, and without any basis. In a statement,…
The Reserve Bank of India (RBI) and Financial Intelligence Unit-India (FIU-IND) today signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of…
The Reserve Bank of India (RBI) today said it has imposed penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for certain deficiencies in regulatory compliance. The…
R. Suryamurthy The Reserve Bank of India (RBI) has unveiled draft regulatory enhancements for gold-backed loans extended by Non-Banking Financial Institutions (NBFIs), a move that Fitch Ratings believes will provide…
WEB DESK President Donald Trump has said the US dollar is “always” going to be the “currency of choice,” as investors fled what is typically considered a key haven currency…
Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 54th meeting from April 7 to 9, 2025 under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India.…
BIZNAMA The Reserve Bank of India (RBI) cut its policy repo rate by 25 basis points to six per cent, for the second straight time having cut its rate for…
