#RBI Announcements

[vocaltv]

RBI New Update: फिर से चलेंगे 500 और 1000 के पुराने नोट!

  जब देश में पहली बार नोबंदी हुई थी तब चारो तरफ कोहराम मचा हुआ था, घर के अंदर छुपे काले धन बहार आये थे, लेकिन अब देशभर में हुई नोटबंटी के बाद में 500 और 1000 रुपये के नोटों को लेकर कई तरह की खबरें सामने आ रही हैं. अगर आपने भी उस समय पर 500 और 1000 रुपये के नोटों को नहीं बदला था तो अब आपके पास में एक और मौका है… RBI की ओर से बड़ी जानकारी सामने आ रही है. क्या आपके पास अभी भी घर पर पुराने वाले नोट…

[rightnewshindi]

आरबीआई की मौद्रिक नीति के ऐलान के साथ ही शेयर मार्केट ने मारी बड़ी छलांग, सेंसेक्स 82116 पर पहुंचा

Share Market Live Updates 9 October: आरबीआई की मौद्रिक नीति के ऐलान के साथ ही शेयर मार्केट में तेजी बढ़ गई है। सेंसेक्स 481 अंकों की उछाल के साथ 82116 पर पहुंच गया है। जबकि, निफ्टी 151 अंकों की बढ़त के साथ 25164 पर पहुंच गया है। 10:13 AM Share Market Live Updates 9 October: आरबीआई की मौद्रिक नीति के ऐलान के साथ ही शेयर मार्केट में तेजी बढ़ गई है। सेंसेक्स 481 अंकों की उछाल के साथ 82116 पर पहुंच…

[startflyingonline]

Rajkotupdates.news :The Government Has Made a Big Announcement Regarding The Interest Rate

Rajkotupdates.news: The Government Has Made a Big Announcement Regarding The Interest Rate: The announcement of a change in the interest rate by the government is always a matter of great significance for citizens. The interest rate has a direct impact on many aspects of the economy, including borrowing, saving, and investment. Therefore, it is essential to understand the implications of the…

[empyrean11]

First half here: https://www.tumblr.com/empyrean11/755477272309415936/my-list-of-first-first-half-jays

Commence the second half ... er, highlights?

Joey Votto and Bo are both hurt immediately out of all star break? CURSED

All Star Break! Vladdy is our only all-star. He doesn't participate in HR Derby, but does wear a Teo Jays jersey. Teo wins! 🥹

Stewy finally is allowed to play, makes 2 great catches in the bottom of the 9th

KK's on waivers, plays spectacularly anyway

Ernie 3-run homers on back-to-back days, but everyone gets injured (Bo, Varsh, half the pitchers in the whole minor league system, 3rd base coach)

KK announces he will retire after this season

Ernie pitches an inning against the Rays when the Jays are down by 13 runs. He's the only Jays pitcher of the day who doesn't give up a run. Spencer walks in the 9th inning when they're down by 13. Come on, you can't do that.

ERNIE WALK OFF!!!

Gausman complete game!!

Stewy's first hit, it's a double!!

Yariel has a really, really bad game. Optioned to AAA. Immediately recalled because so many guys have just been traded

Addison's first HR!! 🚀

Ricky Tiedeman needs TJ surgery 😥

TRADE DEADLINE WEEK WAS SO AWFUL. Jano and KK and Kikuchi and Yimi Garcia and Trevor Richards and Justin Turner and IKF and giant Nate

Loperfido joins the Jays, wears Jano's #9 and we weep again.

The roomies have adopted Loperfido

Let's just intentionally walk Aaron Judge all the time.

Spencer and Davis got haircuts, I am inconsolable

Joey Votto is actually actually playing with the Bisons!

Varsho makes incredible catches every damn day

Springer hockey jersey giveaway, everyone is so cute

traded Cam Eden 😭 to the yankees 😭

Vladdy's hit streak ends at 22 games. He has been INCREDIBLE!! PAY! THE! MAN!

De Los Santos first MLB hit & RBI! he's immediately sent back to AAA.

Here comes Will Wagner! BLAZING HOT start!!

Joey Votto retires, announces via a 9-second Instagram video filmed in the Bisons parking lot (because, of course he would)

Down 4-3 in the bottom of the 9th. Loperfido HR to tie it, Barger to WALK IT OFF

There is a new celebration. Bird cage? Hand on head like a unicorn? Stomping? "The Georgie"?? The boys are weird but are having SO much fun

Bowden with 8 no-hit innings!! Bitter Angel guy says he was "hittable and not special" - Chris Bassitt makes it known that he does not agree with a handmade sign on the broadcast next day.

The Danny Jansen 😭😭 / time travel weirdness game. Jays win both ends of this double header-ish thing. George Springer can't stop hitting home runs.

"Players weekend" Ernie has a pencil bat!

Stewy sent back to Buffalo 😥 Lukes (so much beard) comes up.

Addison wrestles alligators and bears?!

The boys trounce the twins 15-0, it was SO MUCH FUN. Bonus: Ernie bats left-handed to protect his sore ankle

Leo dives thru the netting and into the stands to make a ridiculous catch!!

Bowden with 8 no-hit innings again! What is this guy?!

KIRKY WALK-OFF

Davis is back babyyy (he's using Jano's old bats?!?!)

Leo gets HBP every day

BO IS BACK!!! REUNITED WITH VLADDY 💕

Bo breaks his finger in fielding practice literally the next day. WTF

Will Wagner and Varsho also need surgery. Stewy & Clase called up.

Swept at the Trop. Of course.

Everything is bad but tiny bits of light: Clase first MLB HR! Lukes first MLB HR!

Jano returns to the dome. SOBBING. Danny & Kirky, Danny & Davis WAILING SOBS, BRING HIM HOME

Bo's broken finger needs surgery too. EVERYBODY GETS A FREE SURGERY!

Vladdy ends the year with 199 hits, because we can't have nice things.

Sure sure, let's limp to the end of the season getting swept by the ... Marlins?!?

[chicagocubsreactions]

Cubs move on from Seiya Suzuki’s interpreter and look ahead to second half of season

[original article]

The Chicago Cubs are making a subtle but potentially significant change coming out of the All-Star break, dismissing the interpreter who has worked with Japanese outfielder Seiya Suzuki through his first two-and-a-half seasons in the majors.

Toy Matsushita will no longer serve as Suzuki’s voice in interviews with American media, a team source said Thursday, framing it as an organizational decision to go in a different direction. Those responsibilities, which also included relaying messages from the front office and the coaching staff to Suzuki, will be absorbed by two Cubs staffers.

Nao Masamoto, a longtime Cubs employee who manages their Pacific Rim operations and major-league video system, will continue to support Suzuki. Shota Imanaga’s interpreter, Edwin Stanberry, will also assist in communications with Suzuki.

The Cubs will open the 2025 season at the Tokyo Dome with two games against the Los Angeles Dodgers (March 18-19), Major League Baseball announced Thursday, matching up two iconic teams on an international stage.

The biggest story of this year’s Seoul Series was the gambling scandal that engulfed Ippei Mizuhara, Shohei Ohtani’s interpreter. The Cubs, the team source stressed, are not dealing with a similar situation here.

The Cubs want to continue to be known as a destination for Japanese players and seen as a place where they can reach their full potential. Masamoto is so trusted that he remained good friends with Yu Darvish even after the Cubs traded the Japanese pitcher to the San Diego Padres following the 2020 season. Stanberry has done an exemplary job of accentuating Imanaga’s personality during interviews and helping him assimilate into the team’s culture.

Intentional is the oft-repeated description of how Imanaga built relationships with coaches and teammates. That was publicly displayed during the welcome-to-Chicago news conference where he recited the lyrics to “Go Cubs Go.” Behind the scenes, it also involved keeping some distance from his interpreter and strengthening his sense of independence.

A rookie only by major-league standards, Imanaga, 30, pitched a scoreless inning in the All-Star Game. He’s 8-2 with a 2.97 ERA through 17 starts, making his four-year, $53 million contract look like one of the most prescient signings from last winter. He’s also on the cover of Chicago Magazine’s recently released “Best of” issue.

Imanaga has also benefitted from the team’s learning curve with Suzuki, who signed a five-year, $85 million contract after MLB’s lockout ended in 2022. Suzuki is a supremely talented hitter and tireless worker who has dealt with some injuries and a weird issue with catching routine fly balls in right field.

When Suzuki is locked in, though, he can elevate an offense that has several weak spots. His mixture of power, patience, mental approach and contact skills are close to an ideal version of what the Cubs value in their hitters. Streamlining the communication could be a way for the team to make sure he’s confident and decisive.

Suzuki, who will turn 30 next month, is a good major-league hitter (.811 career OPS) who should be in the prime of his career. His first-half production (13 homers, 45 RBIs) was boosted by a hot streak in July (.321 batting average, .942 OPS) that lined up with one of the team’s best stretches all season. The Cubs (47-51) need that kind of performance to shut down any discussions about a sell-off at the July 30 trade deadline.

[mariacallous]

The slow process of divesting from Russia: Citing a directive from the European Central Bank, Raiffeisen Bank International announced on Monday that its Russian subsidiary, Raiffeisenbank, has stopped opening new brokerage accounts for retail investors. For existing accounts, it is business as usual, for now, says the bank. The European Central Bank has given RBI another two years to reduce its loan portfolio in Russia by more than 4 billion rubles (roughly $4.5 billion).

[optimistredsox]

7 Apr, BOS @ LAA, 12-2, win

Well maybe this year isn't going to be so bad after all. Going 7-3 on a season-opening west coast road trip was enough to get the Sox boosted from 22 to 16 on the MLB Power Rankings list... something I tend to ignore regardless but still... jumping up six spots is nice. Am I concerned about the ridiculous number of strikeouts? Yes. Actually I am. We might've scored 12 runs but we also struck out 11 times (and 14 the night before). Remember when the Sox had a lineup that just couldn't be struck out? Yeah, it turns out that was 20 years ago. Am I splitting hairs because I need to find something to complain about before listing a huge number of bright sides because we absolutely crushed the ball yesterday? Yes. I am doing that too. But please, Red Sox, strike out less.

Anyway. Plenty of bright sides.

The Red Sox have the best team ERA in the major leagues, a paltry 1.49. The bullpen have given up six earned runs in the first ten games. Does having a former pitcher as GM help? And does having the equally excellent Andrew Bailey as the new pitching coach help? I think so.

Tanner Houck wasn't quite as good as he was in Seattle, but he was very good, throwing six shutout innings and striking out 7. He did walk two but the zone seemed a little weird yesterday. He gave up only four hits.

Chase Anderson pitched the rest of the game. He gave up a couple of runs, one of which was a Mike Trout homer which, hey, is going to happen to the best of us. But he kept it pretty clean otherwise and gave the bullpen an extra day off before they head home to Boston.

David Hamilton, filling in for Trevor Story at shortstop, made quite the splash, turning some incredible plays in defence but also announcing his arrival in the majors by going deep in his first at-bat in the third inning. A dinger which started an avalanche of dingers. He went 2-for-4 in the end. Welcome to the bigs, David.

Tyler O'Neill is proving once again to be pretty awesome. He went deep in the third as well scoring three runs even though he went 1-for-3. I think he made some good outs in right field too.

Reese McGuire had a day you don't really expect from a backup catcher. He went 2-for-4 with FIVE RBIs, thanks in part to a huge three-run dinger in the sixth. He also did a good job catching baseballs thrown at him really fast.

Raffy hit a dinger in the third and didn't make an error. Good job, Raffy.

Ceddanne Rafaela came in late to the game but managed to go 2-for-3 WITH TWO TRIPLES. WHO DOES THAT? And yes, he scored twice. On those two triples.

Masa Yoshida looks like he's re-finding his groove. He went 1-for-4 but hit the ball hard and scored twice because he took a walk. Something I wish more Red Sox hitters would do.

Jarren Duran got a hit and scored a run.

Tristan Casas went 2-for-5 and scored a run.

We won!

We're heading home to Fenway!

[global-analysis]

RBI Discontinues Rs. 2,000 Notes: Exchange Permitted Until Sep 30

Reserve Bank of India (RBI) has announced its decision to withdraw the Rs 2,000 denomination notes from circulation. The move is aimed at addressing concerns regarding the excessive availability and use of high-value currency notes in illegal activities. The RBI has also provided a window for the public to exchange their existing Rs 2,000 notes until September 30th. RBI has allowed the public to exchange their existing Rs 2,000 notes at banks and authorized financial institutions until September 30th.

This exchange facility will enable individuals holding these notes to convert them into lower denomination currency or deposit them in their bank accounts. However, after the specified deadline, the Rs 2,000 notes will no longer be accepted for exchange or used for transactions.

Visit For More Information:- Reserve Bank of India (RBI)

[newsxbyte]

Rupee plunges below 87, Sensex slumps over Trump's tariff war

MUMBAI: Rupee hit a record low of 87.28 on Monday, following US President Donald Trump’s announcement of tariffs on imports from major trade partners that has sparked fears of a trade war. It closed at 87.19, down 58 paise from its previous close, marking its largest single-day drop in two weeks.Rupee might have weakened further had RBI not intervened through public sector banks. Some dealers…

[tradermade]

Market Mood: The Most Significant Events in Forex World This Week:

- Euro Area #CPI fell to 126.71 in January from 127.07 in December 2024. Next Announcement: Today, 3 February 2025.

- #BoE #interestrates  Decision: The Bank of England kept the benchmark rate at 4.75% in December 2024. Next Announcement: Thursday, 6 February 2025.

- #RBI Interest Rate Decision: The RBI kept the repo rate at 6.5% for the 11th straight meeting in December. Next Announcement: Friday, 7 February 2025.

[todayscroll]

MobiKwik, CRED Launch CBDC eRupee in Partnership with RBI and Yes Bank

MobiKwik, a digital wallet player, on Tuesday announced that it has launched a full version of India’s Central Bank Digital Currency (CBDC) eRupee in partnership with Reserve Bank of India (RBI) and Yes Bank. Payments platform CRED has launched a beta version of its eRupee wallet, developed in collaboration with the RBI and Yes Bank. Yes Bank’s role as the first sponsor bank to enable CBDC…

[kumard12]

Business Lawyers Analyze India's 2024 GST Exemption: Payment Aggregators Get Relief on Small Transactions

In a significant development for India's digital payment ecosystem, the GST Council, as part of the pre-budget announcements in December 2024, has introduced tax exemptions for small-ticket transactions processed by payment aggregators. The final details of this reform are expected to be elaborated in the complete Union Budget 2025 presentation in February 2025.

This latest reform adds a new chapter to the regulatory framework that began with the RBI's comprehensive guidelines in 2020. As noted by fintech legal expert Vaneesa Agrawal in her comprehensive analysis published in May 2020, these regulatory developments represent a crucial shift in how payment aggregators operate within India's financial infrastructure.

In this article, we'll examine how business lawyers interpret and navigate the evolving regulatory landscape for payment aggregators, from RBI's foundational guidelines to the latest GST reforms in 2024.

The Foundation: RBI's 2020 Guidelines

Business lawyers note that the regulatory journey for payment aggregators began when the Reserve Bank of India (RBI) issued its landmark Guidelines on Regulation of Payment Aggregators and Payment Gateways in March 2020. According to these guidelines, payment aggregators serve as crucial intermediaries that enable e-commerce platforms and merchants to accept various payment instruments without developing their own payment integration systems.

"The RBI's regulatory framework brings much-needed clarity to the roles and responsibilities of payment aggregators while establishing robust compliance standards that protect all stakeholders."

- Vaneesa Agrawal, a prominent business lawyer and the founder of Thinking Legal

Leading business lawyers emphasise that these guidelines establish several key requirements. First, non-bank payment aggregators must obtain RBI authorisation, a requirement that doesn't extend to banks. Additionally, business lawyers highlight the stringent net worth requirements: existing aggregators needed to achieve Rs. 15 crore by March 2021 and Rs. 25 crore by March 2023, while new entrants must demonstrate Rs. 15 crore at application.

Compliance and Consumer Protection

Business lawyers advise that the RBI framework includes robust consumer protection measures. The guidelines mandate compliance with Know Your Customer (KYC) norms and the Prevention of Money Laundering Act, of 2002. Furthermore, business lawyers explain that payment aggregators must establish comprehensive grievance redressal mechanisms, including appointing dedicated Nodal Officers to handle consumer complaints.

Vaneesa Agrawal emphasises, "The mandatory grievance redressal mechanism, including the appointment of Nodal Officers, demonstrates RBI's commitment to consumer protection in digital payments. This creates a more trustworthy ecosystem for both merchants and consumers."

The GST Reform: A New Chapter for Budget 2025

"The initial regulatory framework laid the groundwork for future reforms, it created a structured environment where additional policy changes, such as GST exemptions, could be meaningfully implemented."

- Vaneesa Agrawal, founder of Thinking Legal

In a recent development that business lawyers are actively analysing, Finance Minister Nirmala Sitharaman announced during the 55th GST Council Meeting that payment aggregators processing transactions below Rs. 2,000 would receive GST exemptions. This decision, business lawyers suggest, aims to promote digital payments for small-value transactions while reducing the compliance burden on payment aggregators.

However, business lawyers emphasise a crucial distinction: this exemption specifically excludes payment gateways and fintech services. As business lawyers explain, while payment aggregators pool and transfer funds, payment gateways provide the technological infrastructure enabling digital transactions.

Impact Analysis

Business lawyers highlight several implications of these regulatory developments:

Market Structure: Business lawyers suggest that the dual regulatory framework of RBI guidelines and GST exemptions creates a more organised payment aggregator ecosystem while encouraging small-value digital transactions.

Operational Costs: The GST exemption, business lawyers note, could significantly reduce operational costs for payment aggregators handling numerous small-ticket transactions.

Consumer Benefits: Business lawyers point out that reduced compliance costs could translate into lower transaction charges for consumers and merchants.

"The combination of RBI's prudential norms and GST exemptions creates a balanced regulatory environment that promotes both innovation and stability in the payment aggregator space."

- Vaneesa Agrawal, a prominent business lawyer

Future Outlook

As the digital payment landscape continues to evolve, business lawyers anticipate further regulatory refinements. The distinction between payment aggregators and payment gateways may require additional clarification, and business lawyers suggest that regulatory frameworks might need to adapt to emerging technologies and business models.

Business lawyers also emphasise that while the GST exemption provides immediate relief, payment aggregators must continue maintaining robust compliance with RBI guidelines, including net worth requirements and consumer protection measures.

"As we look ahead,"Vaneesa Agrawal observes, "the key challenge will be maintaining this balance between regulatory oversight and operational flexibility as new technologies and business models emerge in the payment aggregator sector."

Conclusion

The regulatory journey of payment aggregators in India reflects the government's balanced approach to promoting digital payments while ensuring adequate oversight. Business lawyers observe that this framework creates a structured environment for payment aggregators while encouraging innovation and growth in India's digital payment ecosystem. As Vaneesa Agrawal astutely pointed out in her 2020 analysis, the RBI guidelines established the foundational framework that would enable future reforms - a prediction that has proven accurate with the recent GST exemptions.

The continued refinement of regulations, from RBI guidelines to GST reforms, demonstrates India's commitment to building a robust, secure, and inclusive digital payment infrastructure. Business lawyers will continue to play a pivotal role in helping payment aggregators navigate this dynamic regulatory landscape while ensuring compliance and fostering innovation. 

As we move forward, Vaneesa Agrawal's comprehensive analysis remains relevant, reminding us that successful regulation in the fintech space requires a delicate balance between oversight and innovation—a principle that continues to guide India's approach to payment aggregator regulation.

[tycoonworld]

RBI Announces Rs 60,000 Crore OMO to Ease Liquidity Crunch

Key Measures to Inject Liquidity

The Reserve Bank of India (RBI) announced a series of measures on January 27, 2025, to address the liquidity crunch in the banking system. These measures include:

Open Market Operations (OMO): The RBI will conduct a Rs 60,000 crore OMO purchase in three tranches.

Variable Rate Repo (VRR) Auction: A Rs 50,000 crore VRR auction is planned for February 7, 2025.

USD/INR Buy/Sell Swap Auction: A $5 billion swap auction will be conducted for a tenor of six months on January 31, 2025.

OMO Purchase Details

The OMO purchases, aimed at injecting money into the economy, will be conducted in three tranches of Rs 20,000 crore each. The scheduled dates for the OMO auctions are:

January 30, 2025

February 13, 2025

February 20, 2025

On January 30, the RBI will purchase specific government securities, including:

7.59% GS 2029

7.18% GS 2033

7.10% GS 2034

6.79% GS 2034

7.18% GS 2037

The auction will take place between 10:30 am and 11:30 am and will use the multiple price method.

VRR Auction and FX Swap

In addition to the OMOs, the RBI will hold a 56-day VRR auction worth Rs 50,000 crore on February 7, 2025. Earlier this month, the RBI conducted six VRR auctions to provide liquidity support to banks.

On January 31, 2025, the central bank will also conduct a USD/INR buy/sell swap auction worth $5 billion to address foreign exchange market dynamics.

Liquidity Deficit and RBI’s Response

The banking system is currently facing a significant liquidity deficit of approximately Rs 3.13 lakh crore. This shortage is attributed to several factors, including:

Costly deposits straining banks.

Foreign Portfolio Investor (FPI) dollar outflows from Indian equity markets.

RBI's intervention to stabilize the rupee amid aggressive dollar buying by foreign investors.

As of January 14, the liquidity deficit in the banking system stood at Rs 2.09 lakh crore, according to RBI data.

Measures to Stabilize Liquidity

The RBI has reiterated its commitment to ensuring orderly liquidity conditions. These steps come ahead of the next Monetary Policy Committee (MPC) meeting, scheduled for February 5, 2025.

Expert Insights

Earlier in January, a report from Nomura’s Asia Insights recommended more VRRs, buy/sell swaps, and OMO purchases to address tightening INR liquidity. These measures align with the report's suggestions to manage the systemic liquidity challenges effectively.