Changes in Gold monetization scheme
The Reserve Bank of India (RBI) Wednesday made some changes in the Gold Monetisation Scheme (GMS) by including charitable institutions and the central government, among other.
Reserve Bank gives nod to card tokenisation
The Reserve Bank of India has decided to permit authorised card payment networks to offer card tokenisation services to any token requestor- third party app provider- for debit, credit or prepaid card transactions.
RBI’s Financial Stability Report
According to the Reserve Bank of India’s latest Financial Stability Report, despite concerns, credit growth of the scheduled commercial banks (SCBs) improved across all bank groups between March and September 2018.
Unemployment rate grows
The estimated unemployment rate shot to a 27-month high of 7.38% in December 2018 and numbers of those employed fell by 1.09 crore over the last 12 months.
Surge in crude oil can impact macro-economic stability: RBI study
The RBI study warn that sudden surge in crude prices can upset the nation’s key macro-stability parameters.
MGNREGA scheme faces fund shortage
The Mahatma Gandhi National Rural Employment Guarantee Act scheme is facing a severe fund crunch,with 99% of money allocate already exhausted three months before the end of the financial year.
Bank Loans in financial year 2017-18
The Reserve Bank of India’s ‘Basic Statistical Returns of Scheduled Commercial Banks(SCBs) in India- Volume 47’ report for last financial year(2017-18) has been released.
Services PMI slips to 53.2 in December
According to a private survey, Services sector slowed down a bit in December.
SEBI tweaks norms for Commodity Exchange
The capital market regulator SEBI has tweaked the disclosure norms for Commodity derivatives exchanges.
Ease capital requirements for banks: House panel
A parliamentary panel asked the central bank to ease its rules on capital requirements for banks so that they can increase lending.