Category: Economics Current Affairs

Card Tokenisation: The Reserve Bank of India (RBI) extended the timeline for tokenisation of debit and credit cards by three months till 30th September, 2022 to avoid disruption and inconvenience to cardholders. After 30th September, no entity in the card transaction or payment chain, other than the card issuers and card networks, should store the […]

Card On File Tokenisation (CoFT) : RBI RBI has moved to introduce card-on-file tokenisation (CoFT) The word tokenisation refers to the replacement of an actual card number with an alternative code which will be converted into a token. It is considered safer as the actual card details are not shared with the merchant during transaction […]

Participatory Notes Dropped To Rs 86,706 Crore Till May-End, 2022: Investment in the Indian capital markets through Participatory notes (P-notes) dropped to Rs 86,706 crore till May-end, 2022. However, according to experts, foreign investors will reverse their selling stance and return to the country’s equities in the coming 1-2 quarters. In line with a decline […]

Cooperative Banks: The Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). The NAFCUB is an Apex Level Promotional body of Urban Cooperative Banks and Credit Societies Ltd. in the Country. Its […]

Foreign Portfolio Investors: Foreign portfolio investors have pulled out Rs 42,000 crore this month amid rising inflation and monetary policy tightening in the US. FPI involves an investor buying foreign financial assets such as fixed deposits, stocks, and mutual funds. All the investments are passively held by the investors. Investors see relatively high valuations in […]

Twin Deficit Problem: The finance ministry in its ‘Monthly Economic Review’ cautioned the re-emergence of the twin deficit problem in the economy, with higher commodity prices and rising subsidy burden leading to an increase in both fiscal deficit and Current Account Deficit (CAD). It’s also the first time the government has explicitly talked about the […]

Payment Vision 2025: RBI The Reserve Bank of India (RBI) has come out with “Payments Vision 2025” with an objective to provide every user with safe, secure, fast, convenient, accessible and affordable e-payment options. Payments Vision 2025 has been prepared by considering the guidance from the Board for Regulation and Supervision of Payment and Settlement […]