INDIA DISMISSES BANNING CRYPTOCURRENCIES; WILL OPT FOR DOMAIN REGULATION

Highlights:

•        Indian government has scrapped the idea of putting a blanket ban on cryptocurrencies

•        Companies will now have to be transparent about their cryptocurrency dealings ...

RBI GOVERNOR: WE HAVE CONCERNS ABOUT CRYPTOCURRENCIES

Highlights:

•             RBI has let the Government of India know about its concerns related to cryptocurrencies 

•             The RBI had b...

INDIAN CRYPTOCURRENCY FUTURE UNCERTAIN

Highlights:

• While paving the way for digital currency, the Indian government has declared cryptocurrencies to be illegal
• The Indian crypto domain is worried

The Indian government’s stand on cryptocurrencies is clear. They are illegal in India. ...

INDIA ENTERS TECHNICAL RECESSION FOR THE FIRST TIME IN ITS HISTORY: RBI

Highlights

• The central bank in its first ever published ‘nowcast’ showcased that the Indian gross domestic product (GDP) shrank 8.6 percent in the quarter ended in September

• While the GDP slumped 8.6 percent in the second quarter, it was lower than 10...

RESERVE BANK OF INDIA EXTENDS LOAN MORATORIUM TILL AUGUST 31

Highlights

• The repo rate has been slashed by 40 basis points (bps) to 4 percent

• The decision to reduce repo rate and reverse repo rate was taken after five members of the Monetary Policy Committee (MPC) voted in its favour said Governor Shaktikanta Das

...

PMC bank to recover every last dime of the loan given to HDIL

The Bombay High Court ordered the defaulters in Hindustan development Infrastructure Limited (HDIL) to use all means and ways at its disposal to repay their lenders at the forefront of which stands the troubled PMC bank, which has the highest exposures in the percentage of deposits to the Wadhwa ...

International Bill of Financial Services has Been Passed by Lok Sabha

Lok Sabha passed the International Financial Services Centers Authority Bill, 2019 on December 11, 2019. The bill proposes the setting of an authority to develop and regulate the financial services market in the International Financial Services Centers (IFSCs) in India. The bill will apply to all...

Raghuram Rajan put forward his recommendations to help the ailing Indian economy out

Former RBI Governor Raghuram Rajan has put forward his recommendations to help the ailing Indian economy out of the ongoing slowdown in the cover story of India Today magazine' How to Fix the Economy.' Rajan calls for reforms in this article, among other items, to liberalize finance, land...

RBI and NBFCs

Fintech has taken over the world, and the world has been adapting to these new revolutionary technologies. Meanwhile, in India, the Finance sector has been seen crumbling and will be soon collapsing, which would be very bad for the already slowing economy of the nation. While the world prepares f...

Finance in abyss following banks going fraudulent

The finances of the Indian market are in abyss and the banking aspect of the finance sector is getting worse day by day as frauds in banks become more common from huge names taking loans and running away to bank officials getting greedy for people’s money.

Due to these issues and ...