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Record high temperatures in Feb may lead to more rate hikes from RBI, says India Ratings

by AIP Online Bureau | Mar 1, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

The high temperatures will impact the wheat production, the rating agency said, adding that the surge in wheat prices contributed to over a tenth of the retail inflation in December and January, which is way above their weight in the basket Earlier in the day, the Met...

Indians spend over $1 bn every month on foreign travel: RBI data

by AIP Online Bureau | Feb 22, 2023 | Data, Eco/Invest/Demography, Non-Life

Akash Dahiya, Co-founder, SanKash said that with the rise of affordable travel and technological advancements, the travel industry is experiencing a massive boom in international destinations . Vietnam, Thailand, Europe, and Bali are some major destinations that...

Indian ESG-focused firms performed better than global peers: RBI

by AIP Online Bureau | Feb 19, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

The findings suggested that the companies which have managed and disclosed their ESG related risks better are associated with higher stock prices compared to a larger set of listed companies which do not have such disclosures India ranks ahead of all the countries...
Digital currency to further bolster digital economy, says RBI official

Digital currency to further bolster digital economy, says RBI official

by AIP Online Bureau | Jan 26, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology

It is non-remunerative that is it does not carry any interest like any currency, noted Choudhary, adding, “E-rupee is also expected to offer features of physical cash like safety and settlement of transactions.” While referring to the launch of the pilots...
RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme

RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme

by AIP Online Bureau | Jan 7, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

The six entities are — Bahwan Cybertek, Crediwatch Information Analytics, enStage Software (Wibmo), HSBC in collaboration with Wibmo, napID Cybersec and Trusting Social Mumbai: Six entities, including HSBC and Creditwatch, have been allowed to test their fintech...
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