Shares of Paytm and One MobiKwik Systems are likely to remain in focus on Momay as the Reserve Bank of India (RBI) has now allowed UPI access for prepaid payment instruments (PPI) via third-party applications. As per the statement on Development and Regulatory Policies dated April 05, 2024, it has been decided to enable UPI […]
Sonal Varma, Chief Economist (India and Asia, ex-Japan), Nomura, shares her thoughts on the Indian economy in 2024 and what holds for it in 2025. Excerpts: What has been the biggest disappointment of calendar year 2024? Current stagflation like mix of low growth and high inflation, which basically restricts any policy flexibility to respond. Everyone says consumption […]
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Newly appointed Reserve Bank of India (RBI) Governor Sanjay Malhotra outlined his vision for the central bank, focusing on continuity, stability, and inclusivity during his first media interaction after taking charge as the 26th governor. Malhotra described his appointment as “both an honour and a huge responsibility” and stressed the RBI’s critical role in shaping […]