Page-29 of Economy & Banking Current Affairs

India’s Macroeconomic Resilience Amid Global Uncertainty

October 20, 2023

Amidst global uncertainty, India is gaining momentum in its economic performance, thanks to easing inflation and a stable rupee. The Reserve Bank of India (RBI) highlighted these positive trends in its October bulletin, signaling a robust macroeconomic foundation. Easing Inflation ..

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G20 Expert Panel’s Recommendations on Reforming MDBs

October 20, 2023

A G20 expert panel dedicated to strengthening Multilateral Development Banks (MDBs) has urged these institutions to pivot from financing individual projects to prioritizing sectoral programs aligned with long-term transformation plans proposed by national governments. This strategic shift aims to enhance ..

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UNCTAD Increases India’s 2023 Growth Forecast to 6.6%

October 5, 2023

The United Nations Conference on Trade and Development (UNCTAD) has raised India’s economic growth forecast for 2023 to 6.6%, up from the 6% predicted earlier. However, it anticipates a slight slowdown to 6.2% growth in 2024. Global Economic Outlook UNCTAD ..

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RBI Forms Working Group for Credit Loss-Based Provisioning Transition

October 5, 2023

The Reserve Bank of India (RBI) has established a nine-member working group to propose a framework for a smoother transition to the expected credit loss-based provisioning system (ECL). The group, led by R. Narayanaswamy, a former professor of IIM Bangalore, ..

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SEBI to Implement Centralized KYC Reporting for Deceased Investors

October 4, 2023

The Securities and Exchange Board of India (Sebi) has unveiled a new framework aimed at streamlining the process of reporting and verification in the event of an investor’s demise. This initiative introduces a centralized mechanism managed by the KYC Registration ..

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RBI’s Monetary Policy: Repo Rate Unlikely to be Changed

October 3, 2023

The Reserve Bank of India’s (RBI) upcoming Monetary Policy Committee (MPC) meeting, scheduled from October 4 to 6, is expected to maintain the repo rate at 6.5 percent for the fourth consecutive time. The decision is driven by concerns about ..

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Sebi Enhances Transparency in Listing Rules for Non-Convertible Debt Securities

September 22, 2023

The Securities and Exchange Board of India (Sebi) has made significant amendments to the rules governing the listing of non-convertible debt securities issued by listed entities. These changes, which come into effect on January 1, 2024, are designed to bolster ..

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RBI Proposes Transparent Mechanism for Declaring Wilful Defaulters

September 22, 2023

The Reserve Bank of India (RBI) has introduced a robust and transparent mechanism for the classification of wilful defaulters, aimed at strengthening accountability and making it more challenging for defaulters to secure funding for future endeavors. This pivotal move comes ..

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