Clipped from: https://economictimes.indiatimes.com/news/economy/policy/socrates-status-quo-and-solutions-what-shaktikanta-das-talked-of-at-rbis-last-policy-review-of-2020/articleshow/79560009.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Das made some important observations about the current economic situation, before closing his address with a quote from Socrates: “We can be bitter
Day: December 5, 2020
India biggest buyer of COVID-19 vaccine with 1.6 bn doses, experts say this could cover 60% population – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/india-biggest-buyer-of-covid-19-vaccine-with-1-6-bn-doses-experts-say-this-could-cover-60-population/articleshow/79569136.cmsSynopsis India has purchased 500 million doses of the Oxford University-AstraZeneca vaccine candidate, one billion from the US company Novavax and 100 million doses
Digital transactions: RBI increases limit for contactless card transactions to Rs 5,000 from January 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-increases-limit-for-contactless-card-transactions-to-rs-5000-from-january-1/articleshow/79560535.cmsSynopsis “In order to expand the adoption of digital payments in a safe and secure manner, it is proposed to enhance, at the discretion
Why not open Indian companies, both stressed and prime performers, to foreign lenders? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/why-not-open-indian-companies-both-stressed-and-prime-performers-to-foreign-lenders/articleshow/79570701.cms Unlike the affected countries in 1997, India does have healthy foreign exchange reserves, recently amounting to $568 billion. SynopsisUS fund Oaktree lent Rs
HDFC Bank outage: HDFC Bank’s problems may be linked to growing too fast – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-banks-problems-may-be-linked-to-growing-too-fast/articleshow/79550016.cms SynopsisHDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. It is also one of
Why Shaktikanta Das can’t afford to follow other central banks’ Covid playbooks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/why-shaktikanta-das-cant-afford-to-follow-other-central-banks-covid-playbooks/articleshow/79566630.cms SynopsisIndia’s flexible inflation targeting introduced four years ago ties the central bank’s hands when it comes to interest rates as it is mandated
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