Flagging farm loan waivers, cash transfers & other sops, RBI says rationalise subsidies | India News – Times of India

NEW DELHI: Reserve Bank of India on Thursday flagged its concern over several states announcing farm loan waivers, free power to agriculture and households, free transport and cash transfers to women and youth, cautioning that these spends will lower the funds available to undertake expenditure on building social and physical infrastructure as well as research…

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New RBI governor: Who is Sanjay Malhotra? Meet the Revenue Secretary who will succeed Shaktikanta Das as 26th RBI governor – Times of India

Sanjay Malhotra is an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre. Sanjay Malhotra, the Revenue Secretary, has been appointed as new Reserve Bank of India (RBI) governor by the Narendra Modi government. Malhotra will succeed Shakikanta Das whose tenure is scheduled to end on December 10, 2024. Sanjay Malhotra will be the 26th…

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Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate – Times of India

ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of India has now partly reversed its January 2012 directive that had mandated disabling of cash retraction in ATMs. The original decision was taken to prevent fraudulent activities at ATMs.ATMs are equipped with…

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India’s GDP growth slows to 2-year low of 5.4% in Q2, adding pressure on RBI to cut rates – Times of India

India’s economy grew at its slowest pace in seven quarters, with gross domestic product (GDP) expanding just 5.4% year-on-year in the July-September quarter, well below the 6.5% expected by analysts. The slowdown, driven by weaker manufacturing and private consumption, marks a sharp decline from the 6.7% growth recorded in the April-June period.Manufacturing, a key driver…

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