Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: December 7, 2020 8:24:48 am The Governor of the Reserve Bank of India, Shaktikanta Das, at the RBI office in New Delhi (Express Photo / Tashi Tobgyal / Archive) Dear readers, Exactly one year ago, Finance Minister …
Read More »Increased contactless card transaction limit, what does it mean?
RBI Governor Shaktikanta Das said the contactless card limit was increased from Rs 2,000 to Rs 5,000. The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced today that the central bank has increased the limit for contactless card payments from Rs 2,000 to Rs 5,000 per transaction. …
Read More »Haircuts Costs Ruining India’s Retail Inflation Outlook
The rising cost of services offered by stylists to security guards is a new challenge for India’s monetary policy makers, who are ready to resume interest rate cuts as soon as the increase in inflation driven by food prices. Services inflation rose to 4.8% in September from a year earlier, …
Read More »Explained: Why RBI Believes A ‘Faster, Stronger Rebound’ Is Possible
Written by George Mathew, edited by Explained Desk | Updated: October 9, 2020 7:40:01 pm Reserve Bank of India (RBI) Governor Shaktikanta Das addresses via live broadcast as he announces the central bank’s monetary policy decisions, in Mumbai on Friday. (PTI) Disclosing the bi-monthly monetary policy, the Reserve Bank of …
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