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Read more about the article <p class='singletitle' >RBI to launch the first pilot of retail digital Rupee on December 1 </p> <h4 class='subpost_title'> The first phase will begin with four banks- State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank while Bank of Baroda, Union Bank of India, HDFC Bank, and Kotak Mahindra Bank, these four banks will join the pilot later.</h4>

RBI to launch the first pilot of retail digital Rupee on December 1

The first phase will begin with four banks- State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank while Bank of Baroda, Union Bank of India, HDFC Bank, and Kotak Mahindra Bank, these four banks will join the pilot later.

The Reserve Bank of India (RBI) on November 29, 2022, announced that the retail digital rupee (e ₹-R) will be launched in Mumbai, New Delhi, Bengaluru, and Bhubaneswar on December…

Read more about the article <p class='singletitle' >Demonetisation a ‘well-considered’ decision to combat black money, terror financing, tax-evasion: Centre tells Supreme Court </p> <h4 class='subpost_title'> The step was taken after extensive consultation with the Reserve Bank of India and advance preparations were made before the note ban was enforced, the Centre told the apex court while defending its decision to demonetise currency notes of Rs 500 and Rs 1000 denominations.</h4>
Image used for representational purpose only. (Image | Pixabay)

Demonetisation a ‘well-considered’ decision to combat black money, terror financing, tax-evasion: Centre tells Supreme Court

The step was taken after extensive consultation with the Reserve Bank of India and advance preparations were made before the note ban was enforced, the Centre told the apex court while defending its decision to demonetise currency notes of Rs 500 and Rs 1000 denominations.

On November 16, the Modi government told the Supreme Court that the 2016 demonetisation was a ‘well-considered’ decision and part of a larger strategy to combat the menace of fake…

Read more about the article <p class='singletitle' >China and Pakistan sign MoU for currency clearing arrangements for renminbi </p> <h4 class='subpost_title'> Through this MoU Pakistan intends to decrease its dependency on US dollars for bilateral transactions and ease the pressure on the country's external account. </h4>
The MoU was signed during Pakistan's Prime Minister Shehbaz Sharif's two-day visit to Beijing

China and Pakistan sign MoU for currency clearing arrangements for renminbi

Through this MoU Pakistan intends to decrease its dependency on US dollars for bilateral transactions and ease the pressure on the country's external account.

The central banks of Pakistan and China recently signed a memorandum of understanding (MoU) on setting up renminbi (Chinese currency) clearing arrangements in Pakistan to increase the Chinese currency's usage…

Read more about the article <p class='singletitle' >Banks to give special priority in providing loans to minorities: Report </p> <h4 class='subpost_title'> Hindustan reported that as per the guideline of the central government, banks have started giving special priority to providing loans to applicants belonging to the minority communities in the 151 minority-concentrated districts across the country.</h4>
Prime Minister Narendra Modi meeting Sufi Muslim delegation

Banks to give special priority in providing loans to minorities: Report

Hindustan reported that as per the guideline of the central government, banks have started giving special priority to providing loans to applicants belonging to the minority communities in the 151 minority-concentrated districts across the country.

In 151 minority-concentrated districts across the country, banks to give special priority in providing loans to the applicants belonging to the minority community. Banks have started the implementation on the…

Read more about the article <p class='singletitle' >World is in its first truly global energy crisis: IEA Executive Director Birol </p> <h4 class='subpost_title'> Rising imports of LNG to Europe amid the Ukraine crisis and a potential rebound in Chinese appetite for the fuel will tighten the market as only 20 billion cubic meters of new LNG capacity will come to market next year, Birol said.</h4>
File Photo: IEA Executive Director Fatih Birol

World is in its first truly global energy crisis: IEA Executive Director Birol

Rising imports of LNG to Europe amid the Ukraine crisis and a potential rebound in Chinese appetite for the fuel will tighten the market as only 20 billion cubic meters of new LNG capacity will come to market next year, Birol said.

Head of the International Energy Agency (IEA) Fatih Birol on Tuesday said that tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the…

Read more about the article <p class='singletitle' >NPCI collaborates with Worldline to enable mobile payments for Indians in Europe </p> <h4 class='subpost_title'> Worldline's QR code-based mechanism will now allow merchants' Point-of-Sale systems in Europe to accept UPI payments from Indians using their mobile phones.</h4>
(File image: NPCI International Payments Ltd)

NPCI collaborates with Worldline to enable mobile payments for Indians in Europe

Worldline's QR code-based mechanism will now allow merchants' Point-of-Sale systems in Europe to accept UPI payments from Indians using their mobile phones.

Worldline, the French multinational payment services firm collaborated with NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI) on October 11, 2022, to…

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