RBI Governor Sanjay Malhotra has called for stronger cooperation among central banks as BRICS countries work to build a more resilient, efficient and inclusive global financial system. Speaking at the BRICS Finance Ministers and Central Bank Governors meeting held in Jaipur on August 12-13, the RBI Governor underlined the critical role played by monetary authorities … Read more
New Delhi: The Reserve Bank of India (RBI) is preparing to usher in a new chapter in the country’s currency management by introducing India’s first polymer (plastic) currency notes at the beginning of Financial Year 2028 (FY28). The initial pilot programme will feature Rs 10 and Rs 20 denominations, marking the country’s first large-scale trial … Read more
The future of Unified Payments Interface (UPI) has once again become the center of national discussion after the Union Government introduced the Taxation and Other Laws (Amendment) Bill, 2026 in Parliament. The proposed legislation, presented by Finance Minister Nirmala Sitharaman, includes amendments to the Payment and Settlement Systems (PSS) Act, 2007, triggering widespread speculation over … Read more
India’s Unified Payments Interface (UPI) has transformed the country’s digital economy by making instant, cashless transactions available to millions of users free of cost. However, a recently introduced amendment to the Payment and Settlement Systems Act, 2007 has triggered widespread debate after raising the possibility that certain UPI Payment transactions—particularly those above ₹2,000—could eventually attract … Read more
Defying an increasingly uncertain global economic environment, the Reserve Bank of India (RBI) has expressed renewed confidence in the country’s growth story by raising its GDP growth projection for FY2026-27 to 6.7% from the earlier estimate of 6.6%. The upward revision underscores the central bank’s belief that India’s domestic economy remains resilient despite mounting global … Read more