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News Reports

Govt to issue ₹75 commemorative coin on the occasion of inauguration of the new parliament building

OpIndia Staff - 25 May, 2023

The finance ministry announced that a ₹75 Commemorative Coin will be issued on the occasion of the Inauguration of the New Parliament Building

News Reports

Don’t rush to the bank, says RBI Governor: Read what he said about the currency note being withdrawn and the deadline to deposit

ANI - 22 May, 2023

Reserve Bank of India Governor Shaktikanta Das on Monday reiterated that Rs 2000 notes will continue to be a legal lender

News Reports

As Prakash Raj spreads fake news, here are the statements of Raghuram Rajan about the Modi govt consulting RBI before demonetisation

Dibakar Dutta - 18 November, 2022

In April 2018, Raghuram Rajan dismissed the notion that Modi government did not consult the RBI before demonetisation.

News Reports

‘No consideration to levy charges on UPI services’: Clarifies Finance Ministry, says cost of service providers will be recovered through other means

OpIndia Staff - 21 August, 2022

Responding the media reports claiming that RBI is proposing to impose service charge on UPI, finance ministry said there is no such consideration

News Reports

RBI denies reports of issuing currency notes with the faces of Abdul Kalam or Tagore, says no such proposal

OpIndia Staff - 6 June, 2022

On June 5, several media outlets published reports citing 'government sources' that the RBI is considering the usage of watermark images of Dr APJ Abdul Kalam and Rabindranath Tagore on currency notes.

Economy and Finance

Current inflation caused by global events over which Indian govt have no control: OpIndia talks to a chartered accountant, Sumeet Mehta, over inflation

Sachin R - 21 May, 2022

CA Sumeet Mehta said that India is facing 'imported inflation', which is inflation caused by the Russia-Ukraine war

News Reports

Centrum-BharatPe’s Unity Small Finance Bank, which took over scam-hit PMC Bank, returns approximately Rs 3,800 crore to the depositors: Details

OpIndia Staff - 1 April, 2022

Unity Small Finance Bank paid approximately Rs 3,800 crore to depositors of the scam-hit Punjab and Maharashtra Co-operative Bank (PMC Bank) on Thursday

News Reports

RBI announces 123PAY: A UPI-based payment system for feature phone users

Anurag - 8 March, 2022

123PAY is aimed to fill the gap in digital payment system and include 40 crore feature phones in the digital banking ecosystem.

Social Media

‘Laxmicoin’, ‘DigiLaxmi’: Netizens get creative to find possible name for India’s digital currency

OpIndia Staff - 1 February, 2022

Finance Minister Nirmala Sitharaman announced digital Indian currency that the Reserve Bank of India will issue starting April 1 this year.

Economy and Finance

Union Budget 2022-23: FM Nirmala Sitharaman announces India’s first digital currency – Digital Rupee

OpIndia Staff - 1 February, 2022

In her budget speech, Finance Minister Sitharaman announced that a digital rupee will be issued using blockchain and other technologies and will be issued by the Reserve Bank of India starting 2022-23.

Reserve Bank of India

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