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Dynamics of Inflation in South Asia
Reserve Bank of IndiaDynamics of Inflation in South Asia(Keynote address delivered by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – August 24, 2022 – at the SAARCFINANCE Semina...
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Overseas investment rules and regulations notified
Another step towards Ease of Doing Business In line with the amendment in the Foreign Exchange Management Act 2015, Outward Investments Rules have been framed by the Government of India in consultatio...
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India likely to be second most important driver of global growth: RBI Governor
(Speech delivered by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India in an event to celebrate Azadi Ka Amrit Mohotsav organised by Reserve Bank of India, – August 13, 2022, Bhubane...
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RBI is prohibited from disclosing borrower-wise credit information
GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO-3473 ANSWERED ON- 08/08/2022 BANK LOAN FRAUDS 3473. SHRI RITESH PANDEY Will the Minister of FINANCE be pleased to state:- (a) th...
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Steps to protect interests of Fixed Deposit of investors in bank
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 3650 ANSWERED ON MONDAY, 8th AUGUST, 2022/ SRAVANA 17, 1943 (SAKA) PROTECTION OF INVESTORS Ϯ36...
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Value of counterfeit notes detected in banking system reduced post demonetization
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3564 TO BE ANSWERED ON 08.08.2022 Circulation of Fake Currency 3564. DR. SANJEEV KUMAR SINGARI:...
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RBI allowed invoicing & payments for international trade in Indian Rupee
The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in Indian Rupee vide A.P (DIR Series) Circular No. 10 RBI/2022-2023/90 dated 11.07.2022 on “International Tra...
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CAIT request Strict Action against LOTS wholesale solutions for FDI Policy violation
Confederation of All India Traders (CAIT) has requested Minister of Commerce and Industry, Shri Piyush Goyal for strict action against LOTS Whole Solutions owned by SIAM Makro Public Company Limited f...
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ED imposes penalty on Amnesty India & its CEO Aakar Patel
The Adjudicating Authority of ED has adjudicated a SCN issued to M/s Amnesty India International Pvt. Ltd.(AIIPL) and its CEO Shri Aakar Patel for contravention of the provisions of FEMA and imposed p...
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Statistics should focus on laying down pathway towards proper interpretation
Reserve Bank of India Inaugural Address by Governor, Shri Shaktikanta Das at the Statistics Day Conference on June 29, 2022 It is a privilege to inaugurate the annual ‘Statistics Day Conference’ of th...
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Geopolitical Spillovers and the Indian Economy
Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session...
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Consultation paper on introducing framework of Schemes of Arrangement for entities that have listed only debt securities/ NCRPS’
Securities and Exchange Board of India Consultation paper on introducing framework of Schemes of Arrangement for entities that have listed only debt securities/ NCRPS’ A. Background i. Chapter XV of t...
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India gets highest annual FDI inflow of USD 83.57 billion in FY21-22
India rapidly emerges as a preferred investment destination; FDI inflows have increased 20-fold in last 20 years. FDI equity inflows in Manufacturing rise by 76% in FY 2021-22 FDI inflows rise by 23%...
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Resolution of Stressed Assets and IBC
(Address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India – April 30, 2022 – in the International Research Conference on Insolvency and Bankruptcy held at IIM Ahmedabad) Hon’...
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ED seized Rs. 5551 Crore of Xiaomi Asssets for illegal remittances
ED has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited lying in the bank accounts under the provisions of Foreign Exchange Management Act, 1999 in connection with the illegal ou...
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ED attached assets of Rs. 7.27 Cr of Actress Jacqueline Fernandez
ED has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fernandez under PMLA, 2002 in the case of Sukesh Chandrasekh Enforcement Di...
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Sample Letter to Bank for Delay in Submitting Documents
8th April, 2022 To The Credit/Branch Manager (Name of Bank) (Name of Branch) Sub.: Late submission of documents Dear Sir, In accordance with the terms of the credit facility sanctioned by your bank to...
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Banks required to credit interest in Inoperative Savings Accounts
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 5205 TO BE ANSWERED ON MONDAY, 4th APRIL, 2022/ CHAITRA 14, 1944 (SAKA) INOPERATIVE SAVINGS AC...
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Service Charges on Loans – RBI Provisions/guidelines
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION No. 3975 ANSWERED ON MONDAY, MARCH 28, 2022/CHAITRA 7, 1944 (SAKA) Service Charges on Loans 3975....
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RBI founds 600 illegal digital lending apps
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO.4113 To be answered on the 28th March 2022/Chaitra 7, 1944 (Saka) Illegal Digital Lending Apps...