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Narasimham was a RBI research officer who served as an additional Secretary to the Department of Economic Affairs prior to becoming the governor. 14 I. G. Patel: 1 December 1977 — 15 September 1982 4 years, 288 days Patel was an economist who served as a secretary in the Ministry of Finance prior to becoming the governor.
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
Sovereign Gold Bond, abbreviated as SGB, is a government security issued by the Reserve Bank of India (RBI) on behalf of the Government of India. It is denominated in grams of gold and is linked to the price of gold in India. It is also an interest-bearing bonds, carrying an interest of 2.5% p.a. paid in two installments in a year. [1] [2]
The package, though announced on 12 May by the Prime Minister, included previous government actions, including the RBI announcements. [161] The previous RBI announcements included around ₹ 8 lakh crore (equivalent to ₹ 9.4 trillion or US$110 billion in 2023) liquidity.The economic package also included the Finance Minister announcement of a ...
As per RBI, Digital Rupee has reached 50,000 users and 5,000 merchants as of 8 February 2023. [58] RBI is going to launch pilot project for inter-bank borrowing using digital rupee from October 2023. [59] In the retail sector usage of the Digital Rupee, the RBI has achieved its goal of one million daily transactions on 27 December 2023. [60]
Watch live remarks from Biden Joe Biden arrives in La Crosse, headed to Westby President Joe Biden speaks with employees as he tours the Vernon Electric Cooperative in Westby, Wisconsin, on ...
Wall Street's main indexes were subdued in choppy trading on Wednesday, as investors anticipated an interest rate cut from the Federal Reserve in its final meeting of the year and awaited clues on ...
The 27-year-old has posted a 3.75 ERA in each of the past two seasons. Horwitz held a .265 batting average with 12 home runs and 40 RBI last season with the Blue Jays, both of which were career highs.