The World Bank (WB) announced on June 30, 2021 that it would be providing over $4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which pertain to Africa. More than half of the financing would come from the International Development Association (IDA), the Bank’s fund for the world’s […]
It was American Nobel Laureate James Tobin in 1980s who toyed with the idea of Federal Reserve Banks in the United States to make available to the public a widely accessible ‘medium with the convenience of deposits and the safety of currency.’ This was the topic of a Keynote address delivered by Shri T Rabi […]
Let us learn the achievements of RBI during the pandemic, its noble goals of alignment with the long-term objective of streamlining regulatory and supervisory framework across regulated/supervised entities to maintain conformity among global practices. RBI while harnessing technology for customer services, undertook fraud detection and consumer protection also as its concurrent objectives. Capacity building of […]
By publishing on July 16, 2021, Reserve Bank of India, had amply made it clear that The Reserve Bank’s communication policy follows the guiding principles of relevance, transparency, clarity, comprehensiveness and timeliness: it strives to continuously improve public understanding of developments in the multiple domains under its ambit. Let me give you the reference of […]
Simple identification of small objects all over the northern part of India and that too near our border with our neighboring nations resulted in simplification of the similar rules issued in March 2021. Unless we move forward to meet beeline of drones entering our land without any permission from our bureaucrats or state/central government controls, […]
Inaugural address by Shri Shaktikanta Das, Governor, Reserve Bank of India delivered at the Economic Times Financial Inclusion Summit on Thursday, July 15, 2021 on the topic” Financial inclusion – past, present and future” is being analyzed in this article. Well positioned as one of the finest monetary theory practitioners and former bureaucrat, Shri Shaktikanta […]
The Global Gender Gap Index was first introduced by the World Economic Forum in 2006 to benchmark progress towards gender parity and compare countries’ gender gaps across four dimensions: economic opportunities, education, health and political leadership. By providing country rankings, the report incentivizes comparisons across regions and countries and stimulates learning on the drivers of […]
Reserve Bank of India vide its communication dated July 8, 2021 made an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR). Let us look at this most important message which has already shaken the foreign exchange world which virtually runs on LIBOR as […]
RBI by release of its occasional research papers vide its communication dated June 11, 2021 analyses the role of regulatory bank capital in influencing credit flows and GDP growth with the following web release of ‘Macroeconomic Implifications of Bank Capital Regulations‘. Analyzing the study in a layman’s language, the following questions have been raised in […]
SEBI board met on 29th June 2021 (no 22/2021) and took various decisions on independent directors, Review and merger of SEBI (Issue and Listing of Debt Securities) Regulations 2008, and SEBI (Non-convertible redeemable preference shares) Regulations, 2013 into a single regulation – SEBI (Issue and listing of Non-Convertible Securities) Regulations 2021, etc. Since SEBI sets […]
