RBI Archives - Tatsat Chronicle Magazine

RBI Launches Pilot For Digital Rupee In Wholesale And Retail Segments

December 14, 2022

The Reserve Bank of India (RBI) has issued a concept note on Central Bank Digital Currency (CBDC) on October 7, 2022. The note is accessible on RBI’s website. This was stated by Union Minister of State for Finance, Pankaj Chaudhary, in a written

Moody’s Reduces Growth Forecast For G-20 Countries

TC Web Desk

September 2, 2022

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Moody’s Investors Service has reduced growth forecasts for G-20 economies and now expects real GDP to rise 2.5% in 2022, down from a May projection of 3.1%, while its forecast for 2023 has been cut to 2.1% from 2.9%. “Global monetary and

Industrial Output Grew 12.3% In June, Retail Inflation In July Falls to 6.71%

TC Web Desk

August 13, 2022

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India’s industrial output grew 12.3% in June, moderating from 19.6% this May, led by a 16.4% uptick in electricity and 12.5% growth in manufacturing. Mining activity grew 7.5% in the month. The Index of Industrial Production (IIP), however, grew only 0.14% over

Higher Emission Reduction Targets Will Help India’s Fossil Fuel Giants, Suggests IEEFA’s Study

TC Web Desk

August 12, 2022

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A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday said robust decarbonization plans that align with climate science-based net zero targets will be critical to mobilizing this rising tide of sustainable finance. The IEEFA report compared

Banks In India Reported 248 Data Breaches In The Last 4 Years

TC Web Desk

August 3, 2022

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Indian banks reported 248 successful data breaches by hackers and fraudsters between June 2018 and March 2022, the government told the Parliament. Union Minister of State for Finance Bhagwat Karad told Parliament that most of these data breaches were related to card

RBI Wants to Ban Cryptocurrencies, Says Finance Minister Nirmala Sitharaman

Tannuka Juneja

July 19, 2022

Latest News·News

Union Finance Minister Nirmala Sitharaman on Monday said that the Reserve Bank of India (RBI) is in favour of the cryptocurrency ban as it is concerned about its destabilizing effect on monetary and fiscal stability. “In view of the concerns expressed by

Crypto Could Seriously Harm India’s Financial, Macroeconomic Stability: RBI Guv

Tannuka Juneja

May 24, 2022

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India’s position on cryptocurrencies has not always been clear, Reserve Bank of India Governor Shaktikanta Das reiterated on Monday, May 23. The RBI governor said that the central bank had warned against cryptocurrencies for a long time and now it has collapsed.

Inflation Affected More Haves Than Have-Nots in FY22, Says Finance Ministry

Tannuka Juneja

May 13, 2022

Latest News·News

Writing in the monthly economic review report for April, the union finance ministry has said, the poor were hurt less by higher prices in FY22 as compared to the rich. In FY22, inflation for the bottom 20 percent of urban consumers fell

Digital Rupee Will Not Eliminate Cryptos, Stablecoins: Chief Economic Advisor

TC Web Desk

April 8, 2022

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The introduction of a Central Bank Digital Currency (CBDC) will not abolish cryptocurrencies and stablecoins, as they satisfy different objectives, said Chief Economic Adviser V. Anantha Nageswaran on Thursday. “Will CBDC effectively end even cryptos, let alone stablecoins? My answer is no

More than 37,000 Users Join UPI123; RBI Plans to Go Global

Tannuka Juneja

March 30, 2022

Latest News·News

The Reserve Bank of India (RBI) has taken steps to expand the availability of UPI beyond India, informed Union Minister of State for Finance Dr Bhagwat Kisnarao Kirad in a written reply to the Lok Sabha on Monday. More than 37,000 users

RBI Launches Pilot For Digital Rupee In Wholesale And Retail Segments

Moody’s Reduces Growth Forecast For G-20 Countries

Industrial Output Grew 12.3% In June, Retail Inflation In July Falls to 6.71%

Higher Emission Reduction Targets Will Help India’s Fossil Fuel Giants, Suggests IEEFA’s Study

Banks In India Reported 248 Data Breaches In The Last 4 Years

RBI Wants to Ban Cryptocurrencies, Says Finance Minister Nirmala Sitharaman

Crypto Could Seriously Harm India’s Financial, Macroeconomic Stability: RBI Guv

Inflation Affected More Haves Than Have-Nots in FY22, Says Finance Ministry

Digital Rupee Will Not Eliminate Cryptos, Stablecoins: Chief Economic Advisor

More than 37,000 Users Join UPI123; RBI Plans to Go Global

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