reservebankofindia
By Srijit Das A message has recently gone viral on WhatsApp falsely claiming that the Reserve Bank of India (RBI) has imposed a deadline to exchange the old 100-rupee banknote till March, 2024, declaring it invalid as legal tender. The message is being shared along with a photo of an old 100-rupee banknote stating the deadline to exchange it as March 31, 2024. BOOM found the claim to be false. We reached out to Yogesh Dayal, the spokesperson for RBI, who confirmed that no such directive has been issued by the banking regulator regarding the old 100-rupee banknotes. The message is being shared ...
BOOM Live
By Srijit Das A message has recently gone viral on WhatsApp falsely claiming that the Reserve Bank of India (RBI) has imposed a deadline to exchange the old 100-rupee banknote till March, 2024, declaring it invalid as legal tender thereafter. The message is being shared along with a photo of an old 100-rupee banknote stating the deadline to exchange it as March 31, 2024. BOOM found the claim to be false. We reached out to Yogesh Dayal, the spokesperson for RBI, who confirmed that no such directive has been issued by the banking regulator regarding the old 100-rupee banknotes. The message is be...
BOOM Live
By Sista Mukherjee
BOOM Live
By Srijit Das A viral WhatsApp message claiming a 500 rupee note with an asterisk or 'star' sign in the number panel is fake and urging people not to accept such currency notes, is false and misleading. BOOM found that the message is misleading. A spokesperson for the Reserve Bank of India confirmed that the notes with the star symbol are valid legal tender. The viral message is being shared with a photo of a new 500 rupee note where the asterisk mark in the number panel is highlighted by a red arrow. The photo is being shared with a caption saying, "Since last 2-3 days these 500 notes with * ...
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By Mohammed Kudrati The Reserve Bank of India [RBI] today kept its benchmark policy repo rate unchanged at 6.5% for the second time, after it first announced a pause on its rates in its April statement. The pause in April came after six bi-monthly rate hikes since May 2022. There was unanimous voting for the move at the bi-monthly meeting by the six-member Monetary Policy Committee on the back of easing retail inflation, which hit an 18-month low. The consumer price inflation (CPI) has eased to 4.7% in April. However, Governor Shaktikanta Das said that headline inflation remains above the tole...
BOOM Live
By Mohammed Kudrati The Reserve Bank of India [RBI] today kept its benchmark policy repo range unchanged at 6.5% for the first time after six bi-monthly rate hikes since 2022. This move was voted on unanimously at the bi-monthly meeting its six-member Monetary Policy Committee. In his address, Governor Shaktikanta Das, however, said that the RBI would be ready to adapt to any circumstances and said that the pause was for this meeting only. "Let me emphasise that the decision to pause on the repo rate is for this meeting only", he said. He explained this pause by citing financial turbulence abr...
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By Mohammed Kudrati The International Monetary Fund on Tuesday slashed India's growth forecasts for the ongoing fiscal year (FY) to 6.8% from a previous estimate of 7.4%. On a calendar year basis, India will grow 6.9% from a previous estimate of 7.5% in 2022. "The outlook for India is for growth of 6.8 percent in 2022––a 0.6 percentage point downgrade since the July forecast, reflecting a weaker-than-expected outturn in the second quarter and more subdued external demand––and 6.1 percent in 2023, with no change since July", the report said. The multilateral financial institution released its l...
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By Mohammed Kudrati Several websites and news outlets have published stories with headlines stating that banks would remain shut for 21 days in October. This news is misleading. While the headlines are sensational, they do clarify in their stories that this 21-day closure is not simultaneous across the country and vary by state and the local festival. They have also provided a state-wise festivity list where banks will remain shut. But the headline makes it seem like this is a pan-India occurrence and the banks will be shut down simultaneously for 21 days. Examples of their headlines can be se...
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By Mohammed Kudrati Credit and debit card users will have to 'tokenise' their details online to conduct transactions by September 30, as per guidelines by The Reserve Bank of India (RBI). Post this deadline, online portals and merchants will be required to purge 'card-on-file' (CoF) data and card users will either have to tokenise their card details or enter it manually every time they wish to transact. As per these guidelines, merchants (like Swiggy, Zomato, Uber, Flipkart and Amazon) can no longer store CoF data, which they have been storing till now to facilitate card transactions. Only car...
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By Mohammed Kudrati An imaged, purportedly being from the Reserve Bank of India [RBI], promising ₹4.59 crores or half a million (500,000) British pounds is fake and is a scam. While the government has denied the veracity of the image, it also shows telltale signs that of the image having problems with its authenticity. The image conveys a letter, from a non-existent Foreign Exchange Transfer Department within the RBI, promising half a million British pounds equivalent to ₹4.59 crores on behalf of the British government to the intended beneficiary upon receipt of details like identity, photos a...
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閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
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