New Delhi, February 02, 2022: Digital Rupee is soon going to be a reality! Yesterday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23. While presenting the Union Budget for 2022-23, in Parliament today, […]
Reserve Bank of India, in its Press Release dated February 01, 2017 has advised that it has not given any license/authorization to any entity /company to operate schemes or to deal with Bitcoin or any other virtual currency. As such, any user, holder, investor, trader, etc. dealing with Virtual Currencies will be doing so at […]
Tea Board has come out explaining what it did for the Tea Garden workers payment issue. In a statement Government said: In a statement Government said that the Tea Board took the following steps: After the notification of demonetization by Government of India on 08.11.2016, the Tea Board has taken initiatives for ensuring smooth payment […]
The RBI is considering introducing Islamic finance in India for financial inclusion of the largest Muslim minority population in the world, according to Moneycontrol.com. The proposal was made in the annual report last week and is seen as a parting gift to RaghuRam Rajan, who has been advocating Islamic banking for some time. The Reserve Bank […]
The Reserve Bank of India is working on constituting a team to study the use of blockchain technology – the tech underpinning cryptocurrencies such as bitcoin – to reduce the use of hard cash, Moneycontrol reports. RBI Deputy Governor H R Khan said this during an event organized by the Institute for Development and Research […]
The Reserve Bank of India today released India’s Balance of Payments (BoP) data for the fourth quarter i.e. Jan-Mar 2015-16. The highlight of the data was that India’s current account deficit (CAD) missed the positive territory by a very small margin. The CAD narrowed sharply to US$ 0.3 billion in Q4 of 2015-16, which is […]
