The Indian economy is confronting strong global headwinds but sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and financial system stability, said RBI in its Financial Stability Report on Thursday.
During the meeting, major developments in the global and domestic economy as well as in various segments of the financial system were reviewed, a statement from RBI said on Tuesday. It also discussed certain inter-regulatory issues.
The Supreme Court in a majority judgment on Monday upheld the validity of the Constitution's 103rd Amendment Act 2019, which provides for 10 per cent EWS reservation and observed that it does not violate essential features of the Constitution.
Washington [US], October 13 (ANI): Union Finance Minister Nirmala Sitharaman met her Bhutan counterpart Lyonpo Namgay Tshering in Washington on Wednesday and expressed India's wish to expand bilateral cooperation between the two countries including hydropower, COVID-19 assistance, among othe
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
Mumbai (Maharashtra) [India], September 16 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the Financial Stability and Development Council (FSDC) meeting in Mumbai, the Ministry of Finance said in a statement.
New Delhi [India], August 23 (ANI): Digitalization of the payment system can aid in the transition to the environmentally-conscious method of payments and also foster financial inclusion but at the same time crypto assets can pose risks to financial stability, the International Monetary Fund
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
Islamabad [Pakistan], July 25 (ANI): Merged with a debt trap, the Chinese Belt and Road Initiative has jolted the financial stability of many other countries including Pakistan which faces a severe deficit in trade balance with Beijing.
Frankfurt [Germany], July 12 (ANI): The nature and scale of crypto markets are evolving rapidly, said the European Central Bank (ECB), adding that if the current trends continue, it will pose risks to financial stability.
Basel [Switzerland], July 12 (ANI): The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, will report to the G20 finance ministers and central bank governors in October on regulatory and supervisory aspects of stableco