India cross border crypto data sharing begins in April 2027 under the OECD framework. Learn key facts, exam relevance, penalties, and impacts for government exam preparation. India to Share Cross-Border Crypto Transaction Data from April 2027 Introduction: A New Era in Crypto Regulation India has taken a significant step toward global financial transparency by announcing…
RBI Reports 98.12% of ₹2000 Notes Returned: Key Implications for the Indian Economy The Reserve Bank of India (RBI) has officially reported that 98.12% of the ₹2000 notes, which were withdrawn from circulation in May 2023, have been returned to the banking system. This decision by the RBI was part of a broader strategy to…
RBI Introduces Secured Overnight Rupee Rate (SORR) The Reserve Bank of India (RBI) recently introduced the Secured Overnight Rupee Rate (SORR) as a new benchmark for the overnight money market in India. This move aims to enhance transparency and improve the functioning of the money market, making it more robust and resilient to financial shocks….
RBI Shortens Frequency of Credit Reporting to Fortnightly Introduction to the New Policy The Reserve Bank of India (RBI) has recently announced a significant change in its credit reporting regulations. In a move aimed at enhancing financial transparency and improving the efficiency of credit information systems, the RBI has decided to shorten the frequency of…
FATF suspension : Financial Crime Watchdog FATF Suspends Russia’s Membership over Ukraine War The Financial Action Task Force (FATF) has suspended Russia’s membership due to its ongoing conflict with Ukraine. The decision was made at a meeting in Paris on February 23, 2023, and marks a significant escalation in the international community’s response to the…
