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Business
Cryptocurrency Can’t Be Stopped But Must Be Regulated: Parliamentary Committee
New Delhi: The Indian government is concerned about the growing cryptocurrency market.
Two days after Prime Minister Narendra Modi chaired a meeting on cryptocurrency and related financial issues with experts, the Parliamentary Standing…
FM Sitharaman To Engage With Odisha CM Naveen & Other State Heads On Nov 15
New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman will engage with Naveen Patnaik and chief ministers of other states, state Finance ministers and Lt Governors of Union Territories via virtual conference mode…
Cryptocurrencies A Serious Concern, Says RBI Governor
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has expressed “serious concern” over cryptocurrencies.
Reiterating the central bank’s stance on virtual currencies, Das highlighted the threat they could pose to India’s…
Nykaa Founder Falguni Nayar Becomes India’s Wealthiest Self-Made Female Billionaire
New Delhi: Nothing succeeds like success. Nykaa's strong share market debut on Wednesday, made the beauty startup's founder Falguni Nayar India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index.…
Five Years After Demonetisation, Cash Value In Circulation Rises By 64%
New Delhi: Exactly five years ago, the government in a bid to wipe out the black money went for a sudden call of demonetisation by weeding out currency notes worth 500 and 1,000 rupees.
But since November 8, 2016, the notes in circulation…
RBI Appoints This Bank As Agency Bank To Undertake Govt Business
Kolkata: India’s central bank — the Reserve Bank of India (RBI) — has authorised Bandhan Bank as the RBI’s Agency Bank for undertaking government business.
The appointment would permit Bandhan Bank to undertake government business on the…
Chinese Exports To Suffer Losses Of ₹50k Crore This Diwali; Know Why
Chinese products are in for heavy losses in India ahead of Diwali and other festivals.
According to the Confederation of All India Traders (CAIT), estimated losses to the tune of ₹50,000 crore are expected on part of Chinese exporters this…
RBI Governor Shaktikanta Das’ Tenure Extended For 3 Years
New Delhi: The Centre on Friday decided to extend RBI Governor Shaktikanta Das’ tenure for three years till December 2024. Das’ re-appointment will be effective from December 10 or until further orders, whichever is earlier.
“The…
RBI Focused To Bring Back Inflation To 4%, Says Governor Shaktikanta Das
New Delhi: While voting for the status quo in interest rate, Reserve Bank of India (RBI) Governor Shaktikanta Das said that the central bank is laser-focused on bringing back the inflation rate to 4 per cent over a period of time in a…
RBI Slaps Rs 1 Crore Penalty On Paytm Payments Bank
New Delhi: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL).
The order, dated October 1, 2021, was issued for an offence for violation of Section 26 (2) of Payment and Settlement…