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On January 1, the RBI said that 97.38 percent of the Rs 2,000 currency notes in circulation as of May 19, 2023, have returned to the banking system. ....
Founded by former Google employees Noam Shazeer and Daniel De Freitas, Character.AI allows people to chat with virtual versions of celebrities like Billie Eilish or anime characters, while creating their own chatbots and AI assistants. ....
Read more about RBI extends Risk Based Internal Audit rules to housing finance companies on Business Standard. RBI extends RBIA rules to all deposit taking HFCs and non-deposit taking HFCs with assets above Rs 5,000 cr with effect from June 30, 2022 ....
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is nowhere near such a scenario. In an interview with PTI, Subbarao suggested that to deal with the second wave of COVID-19 induced slowdown in the economy, the government can consider Covid bonds as an option to raise borrowing, not in addition to budgeted borrowing, but as a part of that. It (RBI) can (print money) but, it should avoid doing so unless there is absolutely no alternative. For sure, there are times when monetisation despite its costs - becomes inevitable such as when the government cannot finance its deficit at reasonable rates. ....
Read more about Look forward to repo rate cut by RBI in future, says India Inc on Business Standard. RBI decided to leave the benchmark interest rate unchanged at 4 per cent ....