Borrowers are being contacted by their licensed moneylenders and being asked to “stay vigilant against possible phishing scams” following the data breach.
Tag: Finance
Reserve Bank of India joins Project Nexus to enable instant cross-border retail payments
“Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect the FPSs of four ASEAN countries (Malaysia, Philippines, Singapore, and Thailand); and India, who would be the founding members and first mover countries of this platform,” read a statement issued by the RBI.
Modi 3.0 budget in July to lay out India’s economic roadmap and strategy to hit USD 5 trillion mark
The Modi 3.0 economic agenda would include steps to fast-track reforms to make India a USD 5 trillion economy in near future, and turn the country into ‘Viksit Bharat’ by 2047.
Economist warns India about mounting debt as IMF presents worst-case scenario
Noted economist Ajit Ranade has warned India about its high debt, echoing concerns projected by the International Monetary Fund recently, where the body said that the debt could exceed 100 percent of the national GDP in the next four years. Here’s what the Vice Chancellor of Gokhale Institute Of Politics & Economics Pune said, as […]