The RBI also intends to explore the potential of CBDCs in cross-border payments, theReport on Currency and Finance 2023-24indicates. It has highlighted developing cross-border CBDCs and interlinking individual domestic CBDC systems. It shared that CBDCs reduce dependency on cash, lower currency manag...
Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the opening ceremony of the 20th China International Finance Forum, 14 December 2023. foreign trade digital economy BRI time: 2023-12-25 10:05:15 views: 29615 Central banks of Serbia, China sign MoU to facilitate yuan ...
import tax BRI Foreign Currency Lao time: 2023-10-13 11:26:30 views: 35614 RBI releases Handbook of Statistics on the Indian Economy 2022-23 RBI India Statistics time: 2023-09-19 09:52:09 views: 43550 Hengqin holds the first arbitration and mediation week for diversified dispute...
SBI is raising this facility for general corporate purposes through its branch in Gujarat International Finance Tec-City, the country's newest financial hub. In 2024, State Bank of India is joining a growing list of local borrowers raising foreign currency loans, with non-banking financial companie...
The Reserve Bank of India (RBI) is thecentral bankof India, which began operations on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India usesmonetary policyto create financial stability in India, and it is charged with regulating the country’s currency and credi...
External Debt Management Unit in Department of Economic Affairs under Ministry of Finance released Status Report on India’s External debt. The external debt has increased by 8.2% from US$ 573.7 billon (end-March 2021) to US$ 620.7 billion (end-March 2022). ...
Data from RBI’sannual report showthat digital payment fraud in India jumped to a record Rs. 14.57 billion ($175 million) in the fiscal year that ended in March 2024 (FY2023-24). Card or internet-based frauds accounted for about 80% of total bank and financial institution frauds in ...
(RBI) does not have any statistics on the usage of the retail digital rupee (e-rupee) as per a Right to Information (RTI) response received by Srikanth Lakshmanan from the CashlessConsumer collective. The e-rupee is a Central Bank Digital Currency (CBDC)launchedin December 2022. The RTI ...
RBI is in charge of overseeing currency regulations in India. The Reserve Bank of India performs a number of functions, including monitoring various policies that are prepared for banks and controlling credit by analysing the economic environment and changing them to have a good handle on financial...
Benefit of International trade; comparative and absolute advantage; effect of International trade on resources allocation and factor price equalisation; non-conventional trade barriers, optimum currency areas and effect of customs union International finance and exchange rates issues in an open economy, ben...