Governor Shaktikanta Das on Monday said that permanent deletion of transactions can make the e-rupee or central bank digital currency (CBDC) become anonymous and make it at par with paper currency. Speaking at the BIS Innovation Summit, Das said India is also working on making the CBDC transferable in the offline mode along with introducing … Read more
FIle photo of Priyanka Gandhi Vadra and her husband Robert Vadra. | Photo Credit: The Hindu Purchase of three plots of land in Haryana in 2005-06 by Congress leader Sonia Gandhi’s son-in-law Robert Vadra from a real estate agent is being probed along with a land deal made by his wife Priyanka Gandhi Vadra, the … Read more
“The government will set a framework, how they need to store the data, how they need to do the KYC and whenever the government asks, the exchanges will have to provide this data, in case they find out any discrepancies, any kind of transactions which seem to be unlawful they can directly work with the … Read more
Mumbai: Adani Group on Thursday said US-based boutique investment firm GQG Partners has picked up equity stakes worth $1.87 billion (₹15,446 crore) in four listed group companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and flagship Adani Enterprises – via secondary share sales. These transactions took place through a series … Read more
Hardeep Singh Puri on a visit to Washington DC and Houston characterised it as a private sector transaction caught up in sanctions Hardeep Singh Puri on a visit to Washington DC and Houston characterised it as a private sector transaction caught up in sanctions Petroleum and Natural Gas Minister Hardeep Singh Puri distanced himself from … Read more
People may be holding as much as Rs. 3.3 lakh crores in cash for emergency purposes due to the Covid related dislocation in their income expectations, estimates SBI. The rise in cash to GDP ratio may be misleading due to this factor. If one adjusts for the emergency, the cash to GDP ratio may be … Read more
The subdued spends on credit cards in FY21 also reflected in banks’ credit growth. Synopsis The number of card-based transactions through credit and debit modes decreased by 19 per cent and 20.6 per cent, respectively in FY21. The value of these card-based transactions, too, fell by 13.7 per cent and 5.9 per cent, respectively to … Read more
Mumbai: The Unified Payments Interface (UPI) has, for the third consecutive month, clocked record volume in August, processing over 1.5 billion transactions for the first time. The latest Reserve Bank of India data showed that 1.56 billion transactions worth Rs 2.85 lakh crore were recorded on NPCI’s popular digital channel, as on August 30, smashing … Read more