RBI

State Bank of India ready to lend $1 billion to Adani – SBI defends itself from criticism

State Bank of India ready to lend $1 billion to Adani – SBI defends itself from criticism

Indian National Congress questioned the decision of State Bank of India to give $1 billion loan to Adani group for the development of Carmichael coal mine during Prime Minister Narendra Modi’s just concluded visit to Australia. He alleged that the Prime Minister appeared taking keen interest in “promoting” Adani in getting the loan worth Rs […]

Rampant Growth of fake Financial Institution and role of Financial Literacy in Assam

Rampant Growth of fake Financial Institution and role of Financial Literacy in Assam

By- Abdul Kalam Azad Assam is going through a very tough time. The devastating flood has washed out everything of the farmer of the state. The GS Road molestation case has made the Assamese ashamed and the violence in lower Assam has created humanitarian crisis. All along these, relentless blow from the fake financial institution […]

Paypal in charge of revenge against RBI strictness

Paypal in charge of revenge against RBI strictness

By- Staff Correspondent | Date- October 28, 2011 After the revelation regarding the latest rip off from Paypal in yesterday’s report published PayPal RIP OFF tracked by Times of Assam, it has come to light that over 2000 accounts of Indian PayPal users have been suddenly made permanently limited, which means all these Indian accounts […]

Paypal transaction limit increased- hopes and concerns of Indian SMEs

Paypal transaction limit increased- hopes and concerns of Indian SMEs

Online payment giant PayPal has been notified by the Reserve Bank of India (RBI) that effective immediately all PayPal merchants in India can receive export-related payments for goods and services into their PayPal account up to USD 3000 per transaction. This has been raised from USD 500 per transaction limit current imposed. This is claimed […]

RBI mid quarterly review needs to change policy to control inflation

RBI mid quarterly review needs to change policy to control inflation

By-Correspondent | Date– June 15, 2011 | Place– New Delhi Mocking the repeated assurances of the Finance Minister of the country to control inflation, India has seen its headline inflation in May rise to 9.06 per cent. This high rise is driven by an increase in prices of manufactured goods such as edible oil, textiles, […]

Paypal vs RBI troubles freelancers again, Moneybookers gain advantage

Paypal vs RBI troubles freelancers again, Moneybookers gain advantage

After the nationwide dissatisfaction of freelancers with online payment giant Paypal and the Reserve Bank of India for the new rules put in place early this year, Paypal now has now added another policy, trying to comply with Reserve bank of India, annoying Indian freelancers and small scale IT service providers once again. In addition […]

RBI failure cause of reduction in India’s growth to 8%, China leads at 9.5%

RBI failure cause of reduction in India’s growth to 8%, China leads at 9.5%

 By– Correspondent |  Date– May 10, 2011 | Place– Mumbai The International Monetary Fund has revised the growth projection of Asian countries. It has projected a downward trend of Indian’s growth for 2011 to around 8% owing to high inflation and overall global economic turmoil created due to rising prices of commodity goods and […]