Category: Economy Institutions

RBI has placed 15 non-banking finance companies (NBFCs) in the Upper Layer (NBFC-UL) under Scale Based Regulations (SBR) for non-bank lenders.

As leaders gather for G-20 Summit in New Delhi, experts said securing consensus on multilateral development bank (MDB) reforms and adopting rigorous language regarding the phasing down of unabated fossil fuels could enhance India’s leadership role.

Financial Action Task Force (FATF) considers a set of binding rules to bring fugitive economic offenders across countries to justice.

RBI Governor highlighted the need for the UCBs to strengthen financial and operational resilience to contribute to the overall financial and banking sector stability.

Reserve Bank of India is hesitant to grant NBFC licenses to neo-banks such as PhonePe, Razorpay, BharatPe, OkCredit, and NiYo.

Moody’s Investors Service has reaffirmed India’s rating as a long-term local and foreign-currency issuer at Baa3.

The National Institute of Public Finance and Policy (NIPFP) has refused to reveal any information on unaccounted income and wealth.

Ministry of Statistics and Programme Implementation (MoSPI) has replaced the Standing Committee on Economic Statistics (SCES) with SCoS.

AIIB has concluded an internal review, which revealed no evidence of undue influence on the institution’s decision-making process.

Foundation stone laid for Inland Waterways Transport (IWT) terminal to be developed at Bogibeel (Dibrugarh).

Data released by the Reserve Bank of India shows that India’s external debt at end-March 2023 rose to $624.7 billion from the year-earlier period but the external debt-to-GDP ratio slid to 18.9% at end-March from 20% a year earlier.