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RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast

RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast

by AIP Online Bureau | Apr 8, 2022 | Eco/Invest/Demography, Indian News, Reinsurance, Risk Management

Shaktikanta Das,Governor,RBI Keeping the approach ” cautious, but proactive”, RBI Governor Shaktikanta Das said that the RBI is emphasizing on three different aspects which will place India in a position that would enable it to deal with the merging crisis...

Airbus, Qatar jetliner feud enters UK court spotlight

by AIP Online Bureau | Apr 8, 2022 | International News

Qatar has grounded 23 of the A350 jets, voicing concerns over the safety impact of gaps in a layer of lightning protection left exposed by cracked and bubbling paint It says it will not take further deliveries until the cause is formally explained and is suing Airbus...

Russia credit insurance shows 99% chance of default within year

by AIP Online Bureau | Apr 8, 2022 | Eco/Invest/Demography, International News, Policy

Credit-default swaps insuring $10 million of the country’s notes for one year were quoted at about $7.3 million upfront and $100,000 annually on Wednesday, according to ICE Data Services’ prices on Bloomberg. That’s up from about $5 million in advance last week, the...

BOC Aviation says lessors seeing ‘horrendous’ hikes in insurance costs

by AIP Online Bureau | Apr 8, 2022 | International News, Non-Life, Reinsurance

Over 400 leased planes worth almost $10 billion remained in Russia after a March 28 deadline to cancel the contracts in line with Western sanctions over the war in Ukraine, leaving lessors facing heavy potential writedowns or a long insurance battle The likely huge...

Nuanced, calibrated approach essential for launch of CBDC, says Reserve Bank DG

by AIP Online Bureau | Apr 7, 2022 | Eco/Invest/Demography, Editorial, Indian News, Policy, Technology

RBI is planning to come out with a central bank backed digital currency using blockchain technology in 2022-23. As far as India is concerned, he emphasised that RBI is looking at Central Bank Digital Currency (CBDC) as just as the digital form of paper currency and no...
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