Shaktikanta Das, the RBI Governor, expressed his view on the statistical numbers quoted by cryptocurrency exchanges in their ads regarding the number of Indians investing in cryptocurrency and the volumes of investment. The cryptocurrency exchanges quoted that more than ten million Indians are participating in cryptocurrency trading and investing as of today. According to the …
An Overview Finance Minister Nirmala Sitharaman said on Monday that company secretaries’ advice will make a big impact because only “well-managed” enterprises that follow strong governance procedures attract investors. She also stated that Indian companies have done very well in attracting investments in the recent year as a result of their transparency and enhanced compliance. …
An Overview According to research by Chainalysis, India’s cryptocurrency market grew by 641 percent in the past year, propelling the expansion of digital currencies in Central and Southern Asia. According to it, Pakistan’s cryptocurrency market grew by 711 percent last year. The Global Crypto Adoption Index includes three nations from the Central and Southern Asia …
The government has indicated that it may reconsider the case pertaining to the one time spectrum charges (OTSC) of Rs 40,000 crore against telecom operators, as per news reports. The Department of Telecommunications (DoT) has sought a three-week period to reconsider the decision to penalise telecoms for the delay in the payment of one-time charges for …
An Overview Under the Payments and Settlement Systems Act, 2007, BSE Technologies acquired in-principle authorisation from the Reserve Bank of India (RBI) to set up and run the Trade Receivables Discounting System (TReDS). BSE Technologies is a completely owned BSE company that specialises in IT solutions. TReDS is an electronic platform that allows Micro, Small, …
On Tuesday, 5 October 2021, BSE Tech received in-principal approval from RBI to set up its Trades Receivable Discounting System or TReDs. This authorisation was initiated under the purview of Payments and Settlement Systems Act, 2007. BSE Technologies Limited, one of BSE’s wholly-owned arms, is looking to introduce this platform to help MSMEs in working …
RIL (Reliance Industries Limited) shares gained more than 1% on 7 October 2021 following the successful conclusion of its subsidiary’s deal with 7-Eleven. Shares of RIL have risen around 22% in the last three months and generated around 148% of returns for the past three years. RRVL (Reliance Retail Ventures Ltd) entered into a deal …
An Overview The industry association FICCI raised its growth forecast for the Indian economy in FY22 from 9% to 9.1 percent on Thursday, up from 9% previously. “Following the second wave of the pandemic, the economic recovery appears to be holding steady, as evidenced by the incoming data on different high-frequency indicators. The next festive …
An Overview The Reserve Bank of India (RBI) held key policy interest rates steady on Friday, indicating that it expects the weak economic recovery to deepen, and it reiterated its accommodative approach, which promotes a long-term recovery. It did, however, take the first move toward reducing excess liquidity by eliminating the special Government Securities Acquisition …
An Overview The Reserve Bank of India (RBI) has authorised multinational banks operating in India to keep a limited range of data in overseas computers, putting an end to a contentious problem. Foreign banks can keep some fields of static information such as a client’s name and address, some know-your-customer (KYC) details, and transaction details …
