Reserve Bank of India and Bank of Japan have completed signing of the Agreement for Bilateral Swap Arrangement (BSA) between India and Japan. It may be recalled that the BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo on 29.10.2018. This BSA provides for India to access […]
Tag: Reserve Bank of India
India still has conservative stand on Bitcoin and other virtual currencies
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 […]
Islamic banking coming to Gujarat, Subramanian Swamy writes to RBI Governor
Islamic banking in Gujarat? This was the news that stunned the nation. Seeking clarification on Islamic banking now, BJP leader Subramanian Swamy wrote a letter to Urijit Patel, Governor of RBI, with regards to a news item that was published in a business daily which had claimed that Islamic Development Bank is due to start […]
Finance Ministry: We respect the independence of the RBI
The Indian government has denied that it does not respect the independence and autonomy of the Reserve Bank of India which many newspaper reports have suggested. Finance Ministry today responded to the reports. This controversy came into existence after it was revealed that it was Prime Minister Modi and the Finance Ministry which were the main […]
RBI Proposes Islamic Finance As Raghuram Rajan Exits
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 […]
RBI Shows Interest in Blockchain Technology
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 […]
India Narrowly Misses Positive CAD: RBI
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 […]
India’s Leading Bitcoin Company Launches Merchant PoS App
Bangalore-based India’s leading Bitcoin company Unocoin has launched a merchant PoS (point-of-sale) app for increasing Bitcoin adoption in a nation which still feels more comfortable in using cash and debit cards. The app is intended to make it easier for stores, both online and physical, to accept Bitcoin in payments. The businesses have been flinching […]