US recession not ‘inevitable,’ Treasury secretary says – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/international/business/us-recession-not-inevitable-treasury-secretary-says/articleshow/92320154.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The US economy has recovered strongly from the Covid-19 damage, but soaring inflation and supply-chain snarls exacerbated by the war in Ukraine

Indian banks may join hands with Russia lenders not hit by sanctions – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-may-join-hands-with-russia-lenders-not-hit-by-sanctions/articleshow/92324935.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in

Inflation: Normal monsoon, interest rate cut key to bringing down inflation by year end, say economists – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/normal-monsoon-interest-rate-cut-key-to-bringing-down-inflation-by-year-end-say-economists/articleshow/92315439.cms Synopsis While retail inflation rose 7.04 per cent in May year-on-year, slightly down from 95-month high of 7.79 per cent in April, wholesale

Petrol Price: Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Private retailers to government – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/selling-diesel-at-rs-20-25/ltr-loss-petrol-at-rs-14-18/ltr-loss-private-retailers-to-government/articleshow/92313911.cms Synopsis On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC,

Faster tightening of monetary policy would have been disastrous for economy, says RBI Governor Shaktikanta Das |FE Modern BFSI Summit 2022: The Financial Express

Clipped from: https://www.financialexpress.com/economy/fe-modern-bfsi-summit-2022-faster-tightening-of-monetary-policy-would-have-been-disastrous-for-economy-says-rbi-governor-shaktikanta-das/2564243/ The governor pointed out that the inflation target range of 2-6% has been given to the MPC to deal with extraordinary situations like

Tokenisation to catalyze India’s rapidly growing digital payment landscape – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/tokenisation-to-catalyze-indias-rapidly-growing-digital-payment-landscape/articleshow/92283769.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DP Synopsis A recent study by ACI Worldwide and YouGov highlights that digital payments continue to govern the payment space in India, with 41%

*Large-scale use of new methodologies in credit risk assessment can create systemic concerns, warns RBI Guv – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/money-and-banking/large-scale-use-of-new-methodologies-in-credit-risk-assessment-can-create-systemic-concerns-warns-rbi-guv/article65537370.ece Need to strike a fine balance between enabling innovation and preventing systemic risks Large technology companies (BigTech), which have entered into provision of

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