Page 4 - Anup Roy

Rising inequality due to Covid pandemic must be bridged: RBI Governor

Says Covid has asymmetrically affected population, calls for fixing it; also bats for big infra push

Borrowing by state govts 11% lower than last year: CARE Ratings

25 states, 1 UT have raised Rs 2.92 trn, against Rs 3.27 trn by 27 states, 2 UTs last fiscal

Rupee falls sharply after Yellen renews call for raising US debt ceiling

The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars

India and Singapore sign pact for instant flow of retail payments

RBI, MAS ink pact to link UPI and PayNow; may operationalise by July 2022

As inflation eases, RBI to continue with accommodative stance: Economists

The August consumer price index inflation print came at 5.3 per cent, lower than the consensus of 5.6 per cent.

RBI allows six entities to test cross border payments technology

Six other entities complete test phase for retail payments

Improve governance and rules instead of privatisation: Raghuram Rajan

Rajan was also critical of the government for not focusing enough on healthcare and education, and cutting down on expenditure

Dealers foresee intraday volatility in rupee due to taper tantrum

Rupee had risen rapidly last week of August, closing at 73 a dollar level on August 31, from 74.2 level on August 26 after Fed Chair Powell indicated he was in no hurry to raise rates

No sign of liquidity overhang, inflation should moderate ahead: RBI Guv

RBI has serious, major concerns about private cryptocurrencies from the point of view of financial stability

RBI fines Axis Bank Rs 25 lakh for flouting KYC norms

The fine is based on a scrutiny carried out by RBI during February 2020 and March 2020 in a customer account maintained with the bank

International Monetary Fund hikes SDR allocation to India

SDR is an alternate reserve currency floated by the IMF

RBI, govt working to get g-secs included in global indices: Governor Das

He reiterated his stance that G-Sec is a "public good", as it is the benchmark for pricing various instruments in the economy

Rupee continues to rise on Fed Chair Powell's take on taper

Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies

HSBC Asia appoints ex-SBI chief Rajnish Kumar as an independent director

Rajnish Kumar retired in October 2020 after a 40-year career at SBI

Jerome Powell speech unlikely to stir India markets, deter foreign inflows

On the contrary, flows into India may surge if the Covid situation remains in control, say experts

Slack in economy, not the right time to change policy course: RBI Governor

Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels

Rupee appreciates sharply ahead of Fed Chair speech as RBI steps aside

Closes Friday at 73.6950 to the dollar against its previous close of 74.2225, up 0.73 per cent, the highest since June 17

Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil

Of those inclined to seek restructuring, 95% are sub-investment grade; Crisil qualified views by saying these are preliminary readings from its survey

Family pension of bank employees set at 30% of last drawn salary: Govt

PSBs' pension contribution for employees under NPS also hiked to 14%, says DFS secy

RBI panel suggests umbrella body for helping smaller UCBs scale up

Says large UCBs that cannot function fully as a bank be treated like SFBs