A figure which was Rs. 2.67 trillion on 31st March 2015 has soared to Rs. 6.89 trillion on 30th June 2017, reports the Minister of State for Finance on April 6, 2018. Don’t think this is something related to our GDP or profit earned on our Exports.  It is a figure which could bring a

BE/RBI NOTE/16/2018 We might recall that on April 6, 2018, Reserve Bank of India, had made it mandatory for banks, e-wallets and payment gateway providers to withdraw support for cryptocurrency exchanges in a period of three months. REPERCUSSIONS: This has now compelled the country’s three large cryptocurrency exchanges namely ZEBPAY, KOINEX AND ZECOEX to offer

BE/RBI  NOTE/15/2018 Updates on KYC Norms (Know Your Customer Norms) have now come out from Reserve Bank of India for Banks and financial entities.  RBI for the first time since 2016 has strictly regulated these institutions from opening fictitious named accounts.  The guideline adds: The REs (Regulated Entities) should ensure that no accounts are opened,

BE/RBI  NOTE/13/2018 Reserve Bank of India, pronounced an increase in the FPIs limits (Foreign Portfolio Investment Limits), for buying Indian Government and Corporate bonds, which possibly would increase the demand for securities and a fall in the bond yields. This move was taken by RBI in consultation with the Government after the expiry of the