Reserve Bank of India (RBI)

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'. Jul 25, 2024
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts

WPI Inflation Trends: Food Prices Yet to Stabilize

The economic landscape of India is witnessing a slight surge in the annual rate of Wholesale Price Index (WPI) inflation, which has edged up to 3.36% in June 2024, a minor increase compared to the same month of the previous year. This data, released by the Commerce Ministry, has been the subject of analysis by industry experts. Jul 15, 2024
SHAMBU BORDER

Open Shambhu border within one week: Punjab and Haryana High Court

In a major relief for commuters bound for the national capital from Punjab, Punjab and Haryana High Court on Wednesday ordered the removal of barricades at the Shambhu border within one week after five months of the "unlawful sealing" to prevent protesting farmers from entering Haryana. Jul 10, 2024