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INDIA BALANCE OF PAYMENTS SURPLUS
India's August balance of payments surplus swings to $45.4 billion from $5.6 billion deficitIndia's balance of payments showed a surplus of $45.4 billion in August, despite a current account deficit. Net transfers, which include re...- Bank deposits hit record $3 trillion in September, boosted by dollar deposits schemeIndia's banking system deposits hit a record high, reaching approximately 284 trillion rupees by September 2023. The increase was primarily...
- CKK Retail Mart proposes a 5:1 bonus issue; increase in authorised capitalCKK Retail Mart has announced plans to issue bonus shares in a ratio of 5:1 for existing shareholders. The company intends to increase its ...
- India, “a dynamic market growing rapidly”, is a long-term commitment for AdyenIndian businesses are going global, and international players are turning towards India. Adyen, with its global platform and local expertis...
- UPI MDR rollout deferred beyond Diwali; date yet to be notifiedNPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-fu...
- UPI MDR rollout deferred until after DiwaliUPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date ...
- SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflowsAccording to SBI Research, removing the long-term capital gains tax on equities could revitalize investment levels. The report emphasizes e...
- What new US crypto oversight rules mean for the marketProposed US CFTC regulations could establish a global template for digital asset oversight. Bitget CEO Gracy Chen explains how clear federa...
- Banks seek clarification on implementation of RBI forex measuresIndian lenders have requested clarification from the Reserve Bank of India regarding new currency-supporting measures. They seek guidance o...
- Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed ...
- RBI's rupee defence may drain banking liquidity, ease currency pressureRBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measu...
- UPI MDR framework needs rationalisation to protect public trust: ReportUPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long...
- UPI MDR framework needs rationalisation to protect public trust: IIT Bombay reportThe report cautioned that public trust in UPI could be undermined if the proposed MDR framework is implemented in its present form, stressi...
- RBI to conduct Rs 25,000 cr OMO sale auction of government securities on Oct 13On October 13, the Reserve Bank of India plans to auction government securities valued at Rs 25,000 crore. This operation will present six ...
- Apple Pay’s India launch shows how RBI’s outcome-based regulation lets technology evolveApple Pay was launched in India after significant regulatory developments by the Reserve Bank of India. This new payment option allows user...
- RBI raises average CRR maintenance requirement for banksThe Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mi...
- ₹199 + ₹299 + ₹499 are eating your salary quietly: How to track subscriptions and recurring expenses automaticallyMany individuals overlook the accumulated cost of multiple small subscriptions on their finances. Tracking these recurring payments can hel...
- Why you received a $90 Social Security payment? Here’s who qualifies for the Medicare rebate and when you’ll get itWhy you received a $90 Social Security payment? The federal government is using $2 billion from a 2008 reserve fund to give 20.8 million tr...
- MDR a small fee, will not have major impact on UPI volumes: RBI Guv MalhotraSanjay Malhotra, the Governor of the Reserve Bank of India, commented on the impact of MDR fees on UPI transactions. He expressed confidenc...
- As sugar markets swing, eBuySugar bets on scale and digital tradeWith sugar prices, production, and trade policies becoming increasingly volatile, eBuySugar is expanding its role beyond simply connecting ...
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