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Cryptocurrencies hamper financial stability: RBI

Cryptocurrencies hamper financial stability: RBI

by AIP Online Bureau | Jun 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

In absence of any regulation, cryptocurrency is not yet illegal in India. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and finance ministry, is looking into global norms...
India needs a strong and responsive disaster financing architecture as a cornerstone of resilience: Indian PM’s advisor

India needs a strong and responsive disaster financing architecture as a cornerstone of resilience: Indian PM’s advisor

by AIP Online Bureau | Jun 6, 2025 | Disaster & Management, Eco/Invest/Demography, International News

PK Mishra, Principal Secretary to the Prime Minister had addressed the Ministerial Roundtable on Disaster Risk Reduction (DRR) Financing at Geneva on 4th June Recognizing the need for diverse financial instruments beyond public finance, he noted that mechanisms such...
Active Covid cases in India cross 5,000-mark

Active Covid cases in India cross 5,000-mark

by AIP Online Bureau | Jun 6, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

Official sources have maintained that most cases are mild and managed under home care. Since January this year, 55 deaths have been reported in the country. There were a total of 257 active patients in the country on May 22 New Delhi: India’s active Covid case...
RBI focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio

RBI focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio

by AIP Online Bureau | Jun 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Sanjay Malhotra,Governor,Reserve Bank of India Explaining Friday’s cut, RBI Governor Sanjay Malhotra said inflation had softened significantly, giving space for continuing policy easing and front loading of rate cuts. The central bank has a 4% inflation target...
Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs

Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs

by AIP Online Bureau | Jun 5, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Central bank acquired acquired equity stake of 24.91 per cent of Future Generali India Insurance Company for Rs 451 crore. It also bought a 25.18 per cent stake in Future Generali India Life Insurance for a cash consideration of Rs 57 crore as part of the insolvency...
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