The visit is consequent to the meetings held by Sri Lankan envoy in New Delhi Milinda Moragoda with External Affairs Minister S Jaishankar and FM Nirmala Sitharaman on June 20, the report said.
The FinMin on Monday struck a note of caution about the re-emergence of the twin deficit problem. Where is the Indian economy headed? Is there trouble ahead? Find out what an RBI paper warns about
Of late, the central bank has been coming down heavily on fintechs. So, what is the road ahead for fintech firms? Let us find out here
In a Reserve Bank of India paper, the authors allude to the risk of black swan event, saying that it may lead to outflows of Rs 7.8 trillion from India. What are black swan events? We explain it here
Issuers given more time for OTP-based activation, ensuring credit limit is not breached without cardholder's consent
This would pave way for minimal payments downtime
As the discussion shifts from internal to external factors, is the RBI being too conservative and could the rupee depreciate more?
Adjustment in the rupee exchange rate should not be delayed
Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card - Issuance and Conduct Directions, 2022' from July 1.
India's forex reserves, at $596 billion in the week ended June 10, equivalent to less than 10 months of imports projected for 2022-23
Other goals in RBI's vision document include launch of CBDC, linking credit cards and credit components of banking products to UPI
Travel, relative care top the chart, with the former coming back to pre-Covid levels
RBI has been selling dollars to curb any rapid depreciation of the rupee
A hike in retail fixed-deposit rates has been much smaller than the lending rate hike. Bulk deposit rates have, however, spiked
He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curve
Yield curve shows India's better long-term growth prospects: RBI paper
Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels
The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms
While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts
Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.