The central government and the Reserve Bank of India have devised a country-specific plan towards implementation of overseas trade in rupee, people aware of the matter said. To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country. "Small countries that are dollar-deficient have shown interest in doing trade in rupee.
Fresh formal job creation cooled for the second consecutive month to decline to a six-month low in September, signalling a downturn in the labour markets this financial year. The number of new monthly subscribers under the Employees' Provident Fund (EPF) declined by 6.45 per cent to 891,583 in September from 953,092 in August, shows the latest payroll data released by the Employees' Provident Fund Organisation (EPFO). Besides, the net payroll additions -- calculated by taking into account the number of new subscribers, the number of exits, and the return of old subscribers -- increased by 14.9 per cent to 1.72 million in September from 1.49 million in August.
Canadian Prime Minister Justin Trudeau Thursday reiterated that there are "credible allegations" that should be taken "extremely seriously" as he urged the Government of India to work with his country to allow justice to follow its course in the killing of a Khalistani extremist leader.
The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.
The bill, Trump said, 'would represent the most significant reform to our immigration system in half a century'.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
An improvement in the wind speed November 21 onwards might bring air pollution levels down.
The prosecution's pursuit of this tiny detail was because they believed the charge from Google, on Indrani's account, was to restore Sheena's Gmail account, via the Google account recovery toolkit, since Indrani did not have the password.
In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator
These together account for 40 per cent of bad loans of around Rs 4 trillion.
'If Modi is re-elected again, we can forget these things for a long time.'
Upgradation to the new product (from Infosys) will stabilise by this month-end
Uttar Pradesh accounts for the maxmium dowry deaths -- 11,800 women -- followed by Bihar at 5,992.
...Is a cultural swaraj under way, wonders Ajit Balakrishnan.
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
facilities at Bangalore one understands the financial year end frenzy at these establishments and the slipshod slippages in timeframes, quality of overhaul, servicing and quality control across the board, for aircraft and equipment alike,' says Group Captain Murli Menon (retd).
'We are cautious only on sub-sectors that have seen massive melt-up during the past six months.'
The result is a big blow to the military establishment, revealing the limits of 'political engineering'. It reflected the anger of the electorate, especially its younger voters, who have spoken decisively against the persistent harassment and victimisation of Imran Khan's political party, asserts Rana Banerji, who headed the Pakistan desk at RA&W.
'It's dull because this time the election is spread over such a long period.'
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
A 23-year-old physiotherapy intern, who came to be known as "Nirbhaya (the fearless one)", was raped and assaulted by six men inside a bus in south Delhi on December 16, 2012, before being thrown out of the moving vehicle.
The city's Air Quality Index (AQI) stood at 420 at 8 am on Thursday, compared to 426 at 4 pm on Wednesday. The AQI map prepared by the Central Pollution Control Board showed clusters of red dots (indicating hazardous air quality) spread across the Indo-Gangetic plains.
A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.
The market share of discount brokers - such as Zerodha, Groww, Upstox, and Angel One - has grown fivefold in five financial years, with more than half of the National Stock Exchange's (NSE's) active client trading coming through them, reveals a report by CLSA. For the first 11 months of 2022-23, discount brokers held sway over 57 per cent of active clients, up from 11 per cent in 2017-18. Moreover, the number of active clients on the NSE with discount brokers has grown from just 1 million to 19 million during this period. Active traders are those who have traded at least once in 12 months.
Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. In value terms, these transactions are worth Rs 6.27 lakh crore, registering a growth of 17 per cent from Rs 5.36 lakh crore in February 2022, the governor told reporters while launching the Digital Payments Awareness Week at the RBI headquarters in Mumbai this afternoon. He also said the overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months.
Pradhan Mantri Jan Dhan Yojana scheme will help in bringing the benefits of formal banking system to even the poorest of poor.
The Supreme Court of India on Wednesday said the problem with electoral bonds scheme is that it provides for "selective anonymity" and "selective confidentiality" as the details are available with the State Bank of India (SBI) and can also be accessed by the law enforcement agencies.
Squandering the relief due to rain, Delhi recorded a jump in pollution levels and a smoky haze returned on Monday after people flouted the ban on firecrackers on Diwali night.
'Modi has sowed the seeds of a transformational change.' 'For the sake of the nation and our children I hope he succeeds.'
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
My criticism for BCCI was about ticketing, scheduling and not against any individual: Prasad
The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.
A number of exhibitions at the Bharat Mandapam, the convention centre which will host key G20 summit meetings, will showcase India's technological prowess and innovation, and offer a multitude of unique experiences to the visitors.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
The future can only get better if we continue to break silos and work as integrated teams focussed on promoting national interests, recommends Sanjeev Nayyar.
Guterres urged members of the Security Council to press to avert a humanitarian catastrophe and appealed for a humanitarian ceasefire to be declared.
Researchers found that India, along with China and Japan, were the three leading countries in Asia in terms of number of new cases and deaths, where they say cancer has become a more significant public health threat with 94 lakh new cases and 56 lakh deaths in 2019.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
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