RBI Closely Monitoring Global Crypto Landscape as India Prepares Policy Paper

RBI Closely Monitoring Global Crypto Landscape as India Prepares Policy Paper

The RBI is closely watching global crypto trends as India prepares a policy paper. Governor Malhotra cited concerns about financial stability. Despite a 30% tax and 1% TDS on crypto gains, India lacks full legal recognition. A comprehensive framework, seeking public input, is expected, while the RBI pushes its own Digital Rupee.

Why India's Central Bank is Proactively Stimulating the Economy

Why India's Central Bank is Proactively Stimulating the Economy

Why is the RBI cutting rates when the economy looks good? It's a strategic move to address hidden household debt, boost private investment, and secure sustained, inclusive growth amidst global uncertainties. With inflation benign, the central bank is proactively injecting liquidity to alleviate financial stress and ensure India's economic resilience.