India’s central bank, the Reserve Bank of India (RBI), is taking a bold step to revolutionize the country’s digital infrastructure. By 2025, the RBI plans to launch its own cloud services, aiming to protect sensitive financial data and reduce the country’s reliance on foreign technology companies like Amazon, Google, Microsoft,
India is considering using a Russian alternative to the SWIFT financial messaging system for making payments in trade deals with Russia, according to a report from *Business Line*. This move comes as both nations seek to reduce their reliance on the US dollar and navigate around Western sanctions. Russia’s SWIFT
According to the Times of India, India’s central bank, the RBI, has moved 100 tons of gold from the UK to domestic vaults because the stock was increasing abroad. A little over 100 metric tons of gold have been transferred by India’s central bank from the United Kingdom to its
The Reserve Bank of India has requested the nation’s principal state-owned refiners to accept rupees for crude, starting the process of de-dollarization with Gulf exporters. It seems that India is now seeking a similar agreement with Gulf crude exporters, four months after its government rejected efforts from Russian oil corporations
A notification from the RBI has announced that India now allows international trade settlement in Rupee with Russia, Sri Lanka, and other nations.
A new RBI report said that there is an over 100% increase in fake Rs 500 notes and below. Here is how to check their authenticity.
In criminal law, fraud is associated with deception and trickery; nonetheless, banks consider any diversion of funds to be fraud. In consideration of this, there is an ongoing discussion about a change in definition of ‘fraud.’
Gold Wars The main cause of the financial ruin in the interval 2008-2012 was this currency manipulation, without any gold left to back it up. If the countries are not of European origin, they are all subjected to what we can now call as gold wars or pipeLine wars in
Demonetization At least now, post demonetization, do we have any fresh estimates of the Black Money in the country, or its rate of generation? This would have been a very interesting study to do. Why haven’t we seen it done? Around 1986 two professors, four readers and a few other
