The Reserve Bank of India has insisted upon all the banks to expedite the process of opening vostro accounts to clear payments due to Russian exporters, say government sources. The apex bank has already drawn framework for opening vostro accounts...

International Monetary Fund (IMF) managing director Kristalina Georgieva said India effectively used its financial resources in the aftermath of the covid pandemic as accelerated digitization and digital public infrastructure helped improve tax...

The government has finalised a draft framework of standards on how to counter fake reviews and unverified star ratings on e-commerce websites, and travel and hotel bookings platforms, and is currently in consultation with e-commerce platforms for...

Are you planning to attend a conference to promote your brand to potential investors? If yes, then this article is a must-read. Conferences are critical in raising potential stakeholders’ awareness of your brand. For instance, people...

Central Bank of India has entered into a strategic Co-Lending Partnership with Home First Finance Company India Limited (HFFC) to offer Home loans to Borrowers at competitive rates, subject to compliance with the applicable law(s) including the...

The Reserve Bank of India (RBI), the country’s central bank, has reportedly asked four public-sector banks to trial India’s central bank digital currency (CBDC), Moneycontrol reported Monday, citing two unnamed bank officials. One...

The Indian rupee ended 4 paise up at 79.84 against US dollar on Monday. At Interbank foreign exchange market, rupee ended at 79.84 as against 79.80 against the US dollar on Monday. "Market participants vary as the central bank's dollar...

India's external debt of $620.7 billion, as at end of March 2022, is sustainable and is being managed in a prudent manner, the Department of Economic Affairs, under the Union Finance Ministry, said. In a recent report, the Department of...

Though the government has not yet taken any decision on extending the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) beyond its September 30 deadline, its think tank Niti Aayog is said to be of the view that the scheme should not be continued...

Moody's Investors Service expects India's GDP growth to slow from 8.3% in 2021 to 7.7% in 2022 and to decelerate further to 5.2% in 2023. In March, Moody's had forecast that India's economy could expand at 8.8% in 2022.  Data...