The Latest Breaking News from RBI

In Telangana, the Rythu Bandhu farmers investment support scheme's 2nd phase likely to be implemented by new govt. Election authority yet to receive any request from govt. to advance scheme. CM charged Congress for creating obstacles, which they refuted. New govt. faces challenge to implement scheme due to financial constraints.…

In a glittering ceremony that featured humour-packed moments, a virtuoso violin recital, and a scintillating hula hoop dance performance, Power Minister R.K. Singh presented businessline’s Changemaker of the Year award to the Reserve Bank of India for steering the country through the turbulent period of the pandemic. The ‘utterly butterly’…

TDB to deposit 500kg gold in RBI for 5yrs; earn ₹6cr/yr. SBI Mumbai to assist. Gold to be smelted into biscuit form. Antique gold, artefacts, utensils to be catalogued, sorted. Fast-tag system for Sabarimala parking fees. Thirupathi model queue system for crowd control. No cardamom in Aravana Payasam. 6 lakh…

Inflation faced by consumers eased to 5% in September, but the preferred inflation rate remains 4%

Urban consumers enter 2023 festival season w/ more confidence than 7 years ago. RBI's Consumer Confidence Survey finds 36% of respondents say general economic situation improved, 25% say income improved, & 91% say price levels of commodities increased. FEI hit highest level in 4 years.

All of Google’s eyes, now on Madras High Court

RBI has banned BoB from onboarding new customers on its app after an expose by The Reporters’ Collective-Al Jazeera.

RBI’s Monetary Policy Committee decision to leave interest rates unchanged even as the central bank warned of the major risk that ‘high inflation’ poses to macroeconomic stability is a clear sign that monetary authorities find themselves caught in a cleft stick.

India’s retail inflation is likely to have retreated below 6% in September after two months over the central bank’s tolerance threshold.