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The Reserve Bank of India has appointed Gunveer Singh as executive director, placing him in charge of the Department of Payment and Settlement Systems. Singh brings over 30 years of experience at the…
The Reserve Bank of India promoted Gunveer Singh as Executive Director, effective May 18. He previously served as Chief General Manager-in-Charge of the Department of Payment and Settlement Systems. S…
India has rejected the "so-called award" by the Court of Arbitration on the Indus Waters Treaty issued on May 15. The MEA spokesperson stated that India categorically rejects all prior pronouncements…
The Delhi government has reduced VAT on aviation turbine fuel from 25% to 7% for six months. Chief Minister Rekha Gupta stated the move aims to help the struggling airline industry and boost tourism.…
India's consumer rights watchdog, the CCPA, has launched an investigation into major e-commerce platforms including Amazon, Flipkart, Meesho, and JioMart over the online sale of an unregistered agroch…
The Delhi Cabinet, led by Chief Minister Rekha Gupta, has reduced VAT on Aviation Turbine Fuel from 25% to 7% to mitigate airfare hikes amid global oil disruptions. CM Gupta also launched a free bicyc…
The government has announced a marginal Rs 3 per litre hike in petrol and diesel prices, which is a fraction of the huge losses oil firms are absorbing. Public sector oil companies are currently beari…
The RBI's dual shift to Expected Credit Loss (ECL) and risk-weighted asset (RWA) norms is set to reshape provisioning and capital dynamics for Indian banks. Ambit Institutional Equities notes the ECL…
The Reserve Bank of India announced the results of an underwriting auction for Additional Competitive Underwriting of government securities. The auction covered two securities, 6.36% GS 2031 and New G…
Indian banks remain financially stable despite margin pressure after the RBI's repo rate cut, with bad loans largely under control. The Systematix report notes that banks experienced lower interest in…
The Reserve Bank of India conducted the third BRICS FinTech Working Group meeting virtually on May 13, focusing on global financial cooperation. The meeting followed the BRICS Payment Task Force discu…
The Reserve Bank of India has cancelled the Certificate of Registration of 150 Non-Banking Financial Companies (NBFCs). The highest number of affected firms are from Delhi (67) and West Bengal (75). T…
