Residents now heavily rely on private tankers, which are becoming more expensive with longer waiting times due to rising demand. With inadequate rains, their water situation is heading towards a severe crisis that needs urgent attention. Residents added that UGD pipelines covering 3,800 roads spanning 480 km were laid in these wards in 2017–18, proposing water supply in 2020.
India Business News: MUMBAI: RBI deputy governor T Rabi Sankar said that global regulators cannot address problems related to cross-border payments under the current frame.
In July 2022, the RBI had put in place an additional arrangement for the invoicing, payment, and settlement of exports and imports in rupees. The settlement of trade transactions with other countries would require Indian banks to open Special Rupee Vostro accounts of correspondent banks of the partner countries.
Sankar added that the regulations on fintech will come only after consultations with the industry, and declined to share timelines on the same, as per a statement issued by the event organisers.