To enhance the seamless usage of UPI Lite and in response to stakeholder feedback, a proposal is underway to integrate UPI Lite into the e-mandate framework
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The food inflation is still above the normal limit and continuously posing a challenge to the deflation process of RBI
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The decision comes amidst a backdrop of economic uncertainties both domestically and globally
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SBI Research anticipates that when the rate cut cycle does commence, it will likely be shallow
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The RBI will continue managing liquidity through various operations to support market conditions, particularly in response to passive inflows from index inclusions
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This essentially means 97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system
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The RBI report further adds "Fast Payment System (FPS) collaboration with group of countries like EU and SAARC, as well as multilateral linkages will be explored".
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Cybercrime is projected to cost the world around USD 17.65 trillion annually by 2025, with factors like anonymity and trans-border syndicates contributing to it
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The RBI said in its annual report on 30 May that it has finalised a strategic plan for the financial year 2024-25
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Sanjeev Sanyal, a noted economist and a member of the Economic Advisory Council to the Prime Minister of India, taking to X on Friday, wrote that India will now hold most of its gold in its vaults.
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