What Is RBI’s Digital Rupee?
India has made significant progress in its use of digital wallets and other payment solutions including NEFT, RTGS, and IMPS. So now, just what is RBI’s digital rupee?
Change In Definition Of Fraud? Banks To Urge Reserve Bank Of India
In criminal law, fraud is associated with deception and trickery; nonetheless, banks consider any diversion of funds to be fraud. In consideration of this, there is an ongoing discussion about a change in definition of ‘fraud.’
Reserve Bank Of India Deputy Governor Equates Cryptocurrency With Ponzi Schemes
The Reserve Bank of India’s (RBI) deputy governor has compared cryptocurrency to Ponzi schemes. T Rabi Shankar, the Deputy Governor, even suggested that ‘banning’ cryptocurrency was the best option for India in a speech.
Why The British Created India’s Central Bank – Reserve Bank Of India
The British Empire created the Reserve Bank of India, as a “Sheathed Weapon,” used to fleece Indian wealth. This bank remained the primary source of British finances for the Second World War. A report by Masood Rezvi. Central banks have invariably been used by their governments to create money for war funding. Britain, in fact, was able […]
Demonetization: Economists Or Fraudsters? S09
At least now, post demonetization, do we have any fresh estimates of the Black Money in the country, or its rate of generation? This would have been a very interesting study to do. Why haven’t we seen it done? Around 1986 two professors, four readers and a few other management experts of the “prestigious” IIM […]
Why Only The Rupee Falls?
Why only the Rupee falls? Why should it fall close to 20% of its value? Why should this fall coincide with the passing of FDI bill when investors are lined up to bring dollars into India? Does this Rupee fall has anything to do with the rise of prices (inflation)? Or this fall in rupee […]
Should State Owned Indian Banks Be Privatised?
While the entire nation was busy talking about the #JNUrow in the ongoing debate on tolerance, a very important development with major consequences to everyone in the country has seemingly gone unnoticed. US based bond rating company Moody’s Investor Service cautioned the Indian government that if it did not boost the capital levels of PSUs […]