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The central bank’s story of the last 90 years has generally been one of stellar achievement. Its relationship with the government has been testy at times, but the bank has been steadfast in defending its turf.

Prime Minister Narendra Modi on Monday urged the Reserve Bank of India (RBI) to seek a bigger global role for the rupee through the next decade to match New Delhis world-beating rates of economic expansion, fixing a significant milestone target in what would be the local currencys long journey toward capital-account convertibility.

Modi emphasizes RBIs role in globalizing the rupee, enhancing Indias economic growth. Efforts include digitizing payments, improving banking sector, exploring AI, ML, and supporting emerging sectors like tourism and space projects for future economic development.

PM Modi asks RBI to prepare 10-year strategy for global acceptance of Indian rupee, urges focus on credit needs of all sectors, especially youth and innovators. | Latest News India

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"Given the rapid changes taking place in todays world, especially in the areas of technology, innovation, business practices and growing complexities in the financial sector, the Reserve Bank is constantly evaluating the emerging trends and taking necessary policy measures to remain in sync with the evolving situation," Shaktikanta Das said at the RBIs 90th commemoration function on Monday.

Modi emphasizes RBIs role in globalizing the rupee, enhancing Indias economic growth. Efforts include digitizing payments, improving banking sector, exploring AI, ML, and supporting emerging sectors like tourism and space projects for future economic development.

The aim of these amendments if to speed up the process of admission and resolution. Grant of claims is currently anywhere between 29 and 35 percent. The amendments hope to increase this to at least 50 percent.

Supreme Court Court May Refuse To Appoint Arbitral Tribunal If S.11(6) Petition Is Barred By Limitation Or Claim Is Ex-Facie Time Barred : Supreme Court Case Title: M/s Arif Azim Co. Ltd....

India’s economic trajectory, as outlined by Finance Minister Nirmala Sitharaman, paints a picture of resilience and potential amidst global uncertainties.