Reserve Bank of India vide its web communication dated September 1, 2021 informs us that International Monetary Fund (IMF) has made an allocation of Special Drawing Rights (SDR) 12.57 billion (equivalent to around USD 17.86 billion at the latest exchange rate) to India on August 23, 2021. The total SDR holdings of India now stands […]
We are covering volume 2 of Niti Aayog’s publication of “National monetization pipeline volume II: Asset pipeline” which actually clarifies the source of monetization from various departments or corporates, the indicative monetization value and the process of doing them. Let us look at the publication from the website: https://www.niti.gov.in/sites/default/files/2021-08/Vol_2_NATIONAL_MONETISATION_PIPELINE_23_Aug_2021.pdf Contained over 114 pages, the publication […]
By declaring freight transport is critical to India’s growing economy, Niti Aayog vide its publication on “Fast tracking freight in India – A roadmap for clean and cost-effective goods transport” has produced a 140 pages report which is reproduced below: https://www.niti.gov.in/sites/default/files/2021-06/FreightReportNationalLevel.pdf The following information is mind boggling and is relevant to India’s logistics sector which […]
National Infrastructure Pipeline (‘NIP’) explains the infrastructure vision for our nation by envisaging infrastructure investment of Rs. 111 lakh crores over five-year period from FY 2020 to FY 2025. With annual average investment of ~Rs. 22 lakh crores, this is a significant step-up (~2.5 times) vis-à-vis historical levels of spending on infrastructure. In line with […]
All of us are affected by bank lockers, the savior of jewels, safely kept passports, prestigious documents or at least an outing for all of us to visit the branch of our bank and refresh our long last memories of decades. Yes, RBI revised its instructions on ‘Safe Deposit Locker/Safe Custody Article Facility provided by […]
All hear about electric vehicles (EV) and their future role in decarbonizing the transport sector. Equally true is our anxiety to learn about the infrastructure development for EVs and whether we are serious about its implementation. Who are the stakeholders in developing the infrastructure for EVs? NITI Aayog in association with the Ministry of power, […]
The Electricity Act, 2003, was a milestone in the reform journey. Since then, several states have reformed their distribution sectors along different paths. This Report, prepared as a collaboration between NITI Aayog and Rocky Mountain Institute (RMI), USA, presents a review of the reform efforts in the Indian distribution sector. A copy of the report […]
Reserve Bank of India vide its communication dated August 7, 2021 & 3, 2021 enlightened us with its instructions to” Non-Bank Payment System Operators” who by virtue of services they provide and the construct of models on which they operate, largely outsource their payment and settlement-related activities to various other entities In order to enable […]
The long- awaited access for centralized payment systems by non-banks from RBI have since been made available by RBI vide its instructions contained in its website as per details given below: Access for Non-banks to Centralised Payment Systems I am happy to get the details for implementation by interested non-banks who are willing to get […]
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 […]
