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178 ArticlesRBI

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The Bharat Bill Payment System: Draft Guidelines

The RBI has a new concept in Draft: The Bharat Bill Payment System. This is just a GIRO (the concept of a customer initiated transaction) based payment system. ...

RBI Opens 25,000 cr. for Debt Hungry FPIs

RBI has finally moved to helping foreigners buy some more debt, as the debt limit for G-Secs has been rejigged. Foreigners (actually, Foreign Portfolio ...

Payment Banks: What They Are, and What We Think They Should Be

RBI has draft guidelines out for Payments Banks. Payments Banks: The Concept RBI wants to create a lower-end concept called payment banks, which are restricted ...

RBI Will Sell Gold in India, Buy Gold Abroad, Ease Supply

With the large duty on Gold imports, and very large gold requirements in an inflationary economy, the issue of “how can we reduce Gold imports” has driven ...

Rajan on FSLRC: Further Oversight is Overreach, and Back Off a Little, Please

RBI’s Rajan talks about the Financial Sector Legislative Reforms Committee (FSLRC) and specifically, how it works with: Judicial oversight of regulators ...

RBI Frees Us From “Address Proof” Idiocy

One of the worst things about India is the need for a valid “Address proof”. For people who live on rent, this is a bane – the rental agreement is ...

RBI Policy Tomorrow: No Rate Action, Lots of Policy Action

Tomorrow at 11 AM the RBI will unveil it’s bi-monthly credit policy. My expectation is: No repo or reverse repo rate changes. There’s no point bringing ...

Government Bond Buyback Lighten’s 2014-15 Load by 10%, Still Big

The Government will buy back bonds worth 15,000 cr. next Tuesday (March 18). I have maintained for a while now that the repayment balloon in government bonds ...

Why Food Inflation Haunts Us, And What We Can Do To Fix It

RBI’s Raghuram Rajan has described why food inflation continues to haunt our inflation expectations over the last few years. Here’s what he says, distilled ...

Why is Controlling Inflation More Important Than Short-Term Growth Worries? Rajan Answers.

This is going to be a long essay. RBI Governor Raghuram Rajan has a brilliant explanation of why Inflation is more important to worry about than short-term ...