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Tobin Tax

Tobin Tax: U.S. President Donald Trump’s administration is considering imposing a Tobin Tax on capital flows, a move that could disrupt global financial markets. The Tobin Tax is a tax on foreign exchange transactions aimed at discouraging short-term speculative trading. It is a small levy (0.1%-0.5%) on currency conversions to reduce volatility in financial markets. […]

RBI Injects ₹2.5 Lakh Crore to Strengthen Banking Liquidity

RBI Injects ₹2.5 Lakh Crore to Strengthen Banking Liquidity: The Reserve Bank of India (RBI) has announced a significant liquidity infusion of ₹2.5 lakh crore into the banking system through a Variable Rate Repo (VRR) auction. This move is aimed at addressing the current liquidity shortfall in the financial system, which has been impacted by […]

Easebuzz Secures RBI Authorization

Easebuzz Secures RBI Authorization: Easebuzz, a leading payment solutions provider, has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). This regulatory approval allows the company to streamline digital transactions, ensuring secure and seamless payment processing for businesses across India. The license reinforces Easebuzz’s commitment to […]

Economic Contribution of Southern States

Economic Contribution of Southern States: Chief Economic Adviser (CEA) V. Anantha Nageswaran emphasized that Southern Indian states should benchmark their economic performance against global standards rather than just other Indian states, highlighting the economic strength of the region and areas requiring improvement. Economic Contribution of Southern States: Economic Contribution: Southern States account for 30% of […]

RBI Fines Federal Bank & Karur Vysya Bank for Rule Violations

RBI Fines Federal Bank & Karur Vysya Bank for Rule Violations: The RBI has imposed a total penalty of ₹35.60 lakh on Federal Bank (₹27.30 lakh) and Karur Vysya Bank (₹8.30 lakh) for regulatory non-compliance. FB was fined for opening savings accounts for ineligible entities, violating deposit rules, while Karur Vysya Bank failed to meet […]

RBI Defers Liquidity Coverage Ratio and Project Financing Norms to 2026

RBI Defers Liquidity Coverage Ratio and Project Financing Norms to 2026: The RBI has deferred the implementation of Liquidity Coverage Ratio (LCR) and project financing norms by a year, now set for March 31, 2026. Originally planned for April 1, 2025, these norms required banks to maintain higher liquid assets, potentially impacting ₹4 lakh crore […]

RBI Clears Tata Communications’ Payment Arm Sale to Findi

RBI Clears Tata Communications’ Payment Arm Sale to Findi: The Reserve Bank of India has approved Tata Communications’ sale of its entire stake in Tata Communications Payment Solutions Ltd to Australian fintech Findi’s subsidiary, Transaction Solutions International for ₹330 crore, with an additional ₹75 crore contingent on interchange rate adjustments.

India Secures Place on UN’s Honour Roll for Timely Budget Payment

India Secures Place on UN’s Honour Roll for Timely Budget Payment: India has once again demonstrated its commitment to global cooperation by making a timely payment to the United Nations (UN) regular budget. On January 31, 2024, India contributed USD 32.895 million to the UN, securing its place on the prestigious Honour Roll, which acknowledges […]