Discover and read the best of Twitter Threads about #RBI
Most recents (24)
RBI has released the list of Safest Bank in India for the year 2023.
The names of these banks are HDFC, ICICI, and SBI. These banks are also called D-SIBs.
#RBI
The names of these banks are HDFC, ICICI, and SBI. These banks are also called D-SIBs.
#RBI
What are D - SIB Banks?
D-SIB stands for Domestic Systematically Important Bank. RBI releases their list every year. These are such banks whose collapse can greatly affect the economy of a country. In short, they can not be allowed to drown.
D-SIB stands for Domestic Systematically Important Bank. RBI releases their list every year. These are such banks whose collapse can greatly affect the economy of a country. In short, they can not be allowed to drown.
How did RBI D - SIB Bank list start?
During the global recession in 2008, big banks also collapsed. In such a situation, big economies were in total mess . Then need was felt that some banks would have to be selected, which would work to support the country’s economy in times of… twitter.com/i/web/status/1…
During the global recession in 2008, big banks also collapsed. In such a situation, big economies were in total mess . Then need was felt that some banks would have to be selected, which would work to support the country’s economy in times of… twitter.com/i/web/status/1…
Here's what RBI Governor, Shaktikanta Das said at the private bank board directors meeting
@DasShaktikanta @RBI #RBI
@DasShaktikanta @RBI #RBI
RBI Governor, Shaktikanta Das on robust financial sector, governance sector
@DasShaktikanta @RBI #RBI
@DasShaktikanta @RBI #RBI
[Exchange of ₹2000 notes] RBI tells Delhi HC that this is a currency management excercise. The central bank reiterates that this is not demonetisation.
#DelhiHighCourt #RBI #2000Note
#DelhiHighCourt #RBI #2000Note
Senior Advocate Parag Tripathi made the submission as the Court was dealing with a PIL challenging the RBI notification.
The petitioner has said that RBI does not have the power to discontinue banknotes and such an order has to come from the Central government.
The petitioner has said that RBI does not have the power to discontinue banknotes and such an order has to come from the Central government.
The Court has adjourned the case to Monday and asked the counsel to submit short notes of their submission.
#DelhiHighCourt adjourns to Monday hearing in the PIL challenging Reserve Bank of India's recent decision to withdraw Rs 2,000 notes from circulation.
#RBI’s counsel said that the court has already reserved judgment in a similar PIL challenging the decision.
#2000RupeesNote
#RBI’s counsel said that the court has already reserved judgment in a similar PIL challenging the decision.
#2000RupeesNote
Senior Advocate Parag Tripathi appearing for RBI said that the RBI’s recent decision is not demonetisation and is only an exercise of currency management. He suggested that the matter be heard on a later date as judgment has already been reserved in similar PIL.
#DelhiHighCourt
#DelhiHighCourt
On the other hand, it is the petitioner’s case that RBI has no independent power under RBI Act to take such decision. The PIL has been filed by advocate Rajneesh Bhaskar Gupta.
#DelhiHighCourt #2000RupeesNote
#DelhiHighCourt #2000RupeesNote
A PIL has been filed in the Delhi HC against RBI's notification withdrawing ₹2000 banknotes from circulation.
It argues that the RBI has no independent powers under the RBI Act to discontinue banknotes.
#DelhiHighCourt #2000notes #RBI
It argues that the RBI has no independent powers under the RBI Act to discontinue banknotes.
#DelhiHighCourt #2000notes #RBI
The petition has been filed by an advocate named Rajnessh Bhaskar Gupta.
He argues that the power to discontinue bank notes is only with the Central government and there is nothing to show that the government has passed any such order.
He argues that the power to discontinue bank notes is only with the Central government and there is nothing to show that the government has passed any such order.
Just yesterday (Tuesday), the Delhi HC had reserved its verdict on a similar plea filed by BJP leader Ashwini Upadhyay.
He had challenged the RBI notification in so far as it allowed exchange of notes without furnishing any identity proof.
He had challenged the RBI notification in so far as it allowed exchange of notes without furnishing any identity proof.
#BREAKING - A Public Interest Litigation has been filed in the #DelhiHighCourt challenging the RBI's decision to withdraw Rs 2000 banknotes from circulation. The #PIL argues that #RBI has no independent power under Reserve Bank of India Act, 1934.
Denomination of Rs.2000 printed in 2016 and later on is in very good condition with strong safety measures and need not required to be withdrawn from the circulation under Clean Note Policy or otherwise, the PIL argues.
Thousand Crores have been spent from the public exchequer as a printing cost for printing good quality with better safety denomination ... which will be wasted, if such banknotes are withdrawn from the circulation measures unnecessary without any valid scientific reasons: PIL
RBI will withdraw Rs 2000 notes from circulation
This is a master stroke as per India is considered
However, this is also a step towards control and manipulation of money by state
Here's why?
#RBI #currency #india #bitcoin
This is a master stroke as per India is considered
However, this is also a step towards control and manipulation of money by state
Here's why?
#RBI #currency #india #bitcoin
I understand the reasons as to why the government would want to do this but,
I had a POV that I wanted to share on what it means.
This is something that fascinated me about Bitcoin in the first place.
I had a POV that I wanted to share on what it means.
This is something that fascinated me about Bitcoin in the first place.
1}
Ever since I began studying Bitcoin and what it stands for, the thing that has been most fascinating to me is:
"The removal of third party trust source for transfer of value through currencies"
Ever since I began studying Bitcoin and what it stands for, the thing that has been most fascinating to me is:
"The removal of third party trust source for transfer of value through currencies"
📢 Thread: RBI Withdraws ₹2000 Banknotes, Here's What You Need to Know! 💵🏦
👉RBI is withdrawing ₹2000 banknotes introduced in 2016 after demonetization. These notes will still be legal tender, but their usage has decreased, so RBI wants to replace them with other denominations. #RBI #CurrencyWithdrawal
👉The decision is part of RBI's "Clean Note Policy" to ensure good quality banknotes in circulation. You can still use ₹2000 notes for transactions, but it's better to deposit or exchange them by September 30, 2023. Banks will help with the process. #CleanNotePolicy
🚨Breaking News: ₹2000 denomination banknote is set to be withdrawn.
However, these notes will retain their status as legal tender.
Let's understand what's going on in a simple way 👇
#2000rs #2000notes #rbi
However, these notes will retain their status as legal tender.
Let's understand what's going on in a simple way 👇
#2000rs #2000notes #rbi
Q. What was the objective of ₹2000 banknotes?
A. The ₹2000 denomination banknotes were introduced in 2016 to address the currency requirement following the withdrawal of ₹500 and ₹1000 banknotes.
Printing of these notes stopped in 2018-19 as the objective was fulfilled.
A. The ₹2000 denomination banknotes were introduced in 2016 to address the currency requirement following the withdrawal of ₹500 and ₹1000 banknotes.
Printing of these notes stopped in 2018-19 as the objective was fulfilled.
Q. Why are ₹2000 denomination banknotes being withdrawn?
A. Most of the ₹2000 notes were issued before March 2017 and have reached their estimated lifespan.
The decision has been made considering these factors and the RBI's Clean Note Policy.
#RBI #moneysupply
A. Most of the ₹2000 notes were issued before March 2017 and have reached their estimated lifespan.
The decision has been made considering these factors and the RBI's Clean Note Policy.
#RBI #moneysupply
"Unlimited Money Printing: Understanding the Limits of Money Printing"💰
Have you ever wondered how much money a country can print?🤔💡
Let's dive into this interesting topic and understand it in detail!🧵👇
#inflation #MONEY #RBI
Have you ever wondered how much money a country can print?🤔💡
Let's dive into this interesting topic and understand it in detail!🧵👇
#inflation #MONEY #RBI
1) In theory, a country can print an unlimited amount of money. 🚀
But in practice, there are several constraints 🔇that limit this ability without negative consequences.🔻
But in practice, there are several constraints 🔇that limit this ability without negative consequences.🔻
2) What are the problems of unlimited printing?⚠️
🔶Inflation💹
When a country prints more money than its production, it creates more demand for goods & services than there are available, resulting in inflation.
Let's understand with one example.👇
🔶Inflation💹
When a country prints more money than its production, it creates more demand for goods & services than there are available, resulting in inflation.
Let's understand with one example.👇
1/8 Global stock markets navigate uncertainties of interest rate hikes & inflation, with a focus on India. The world's sixth-largest economy faces robust growth & mounting inflationary pressures. #GlobalStockMarkets #IndiaEconomy
2/8 India's GDP growth rate reached 8.4% in 2021, but the Consumer Price Index (CPI) increased by 6.01%, breaching the RBI's target range. Rising global commodity prices, supply chain disruptions, & COVID-19 contribute to this surge. #IndiaGDP #Inflation
3/8 The RBI has maintained an accommodative stance, refraining from raising interest rates despite inflationary pressures, prioritizing growth in hopes that inflationary trends will prove transitory. #RBI #InterestRates
Last week the latest #SalmanKhan starrer arrived in theatres, and the reviews seem mixed, depending whether one is a #Bhai fan or a critic. Meanwhile, what is the review on the market’s performance last week? Let’s break out the popcorn and watch. (1/8)
#Sensex and #Nifty dropped by over 1.1%. #RBI representatives remained optimistic about India’s #domesticgrowth during the monetary policy committee meeting, despite concerns about uneven growth in the economy & weak demand from outside India. (2/8)
INR-credible news for India's global trade!
RBI's groundbreaking move to allow INR settlements with other countries promises to supercharge economic growth and push the rupee to new heights! Here's a thread explaining the news 🗞️
@PMOIndia @FinMinIndia @nsitharaman
#RBI
RBI's groundbreaking move to allow INR settlements with other countries promises to supercharge economic growth and push the rupee to new heights! Here's a thread explaining the news 🗞️
@PMOIndia @FinMinIndia @nsitharaman
#RBI
INR trade settlements with other countries are set to give India's economy a major boost on the world stage
@PMOIndia @FinMinIndia @nsitharaman
#RBI #Finance #NewIndia
@PMOIndia @FinMinIndia @nsitharaman
#RBI #Finance #NewIndia
RBI opens doors for banks from 18 countries to open SVRAs for INR settlements
@PMOIndia @FinMinIndia @nsitharaman
#RBI #Finance #NewIndia
@PMOIndia @FinMinIndia @nsitharaman
#RBI #Finance #NewIndia
#MintPlainFacts | Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.
Read here: livemint.com/industry/retai…
Read here: livemint.com/industry/retai…
#MintPlainFacts | India’s retail #inflation eased to a 15-month low of 5.66% in March, data released on Wednesday showed.
This is the first time in three months that inflation has come in below #RBI's upper tolerance limit of 6%.
Read here: livemint.com/industry/retai…
This is the first time in three months that inflation has come in below #RBI's upper tolerance limit of 6%.
Read here: livemint.com/industry/retai…
#MintPlainFacts | The automobile industry recovered the majority of its lost ground in 2022-23, with sales of retail vehicles jumping by 21%.
Read here: livemint.com/industry/retai……
Read here: livemint.com/industry/retai……
#UPIcharges
#UPI पर बड़ा हल्ला मचा हुआ है। हाय मर गए, हाय मोदी ने 1.1% tax लगा दिया। हाय अब गरीब जनता का क्या होगा। हाय रे मोदी ने लूट लिया...
सूचना युग की सबसे बड़ी त्रासदी ही यह है कि अधिकांश लोग सूचना को सुनते हैं... उसे समझते या सही से Interpret करने की जहमत नहीं उठाते।
👇
#UPI पर बड़ा हल्ला मचा हुआ है। हाय मर गए, हाय मोदी ने 1.1% tax लगा दिया। हाय अब गरीब जनता का क्या होगा। हाय रे मोदी ने लूट लिया...
सूचना युग की सबसे बड़ी त्रासदी ही यह है कि अधिकांश लोग सूचना को सुनते हैं... उसे समझते या सही से Interpret करने की जहमत नहीं उठाते।
👇
ऊपर से रोने धोने में जो Sadistic Pleasure मिलता हैं... ओहोहो उसका तो क्या ही कहना
UPI सेवा मुफ्त में उपलब्ध हैं, लेकिन इसमें थोड़ा सा बदलाव किया गया हैं.
Technicalities में नहीं जाएंगे.....सीधी बात करते हैं।
->आपके लिए UPI एकदम मुफ्त है, अगर आप अपने Bank Account से किसी और के
👇
UPI सेवा मुफ्त में उपलब्ध हैं, लेकिन इसमें थोड़ा सा बदलाव किया गया हैं.
Technicalities में नहीं जाएंगे.....सीधी बात करते हैं।
->आपके लिए UPI एकदम मुफ्त है, अगर आप अपने Bank Account से किसी और के
👇
Bank Account में Direct Transfer कर रहे हैं।
-> आप अपने wallet (Paytm, Phonepay, Googlepay) से किसी भी Individual के Wallet में मुफ्त में पैसा Transfer कर सकते हैं।
अब सवाल है कि फिर यह 1.1% Fees किस बात की हैं?
मान लीजिये आप एक दुकान पर जाते हैं... आपने 2000 रूपए तक का सामान
👇
-> आप अपने wallet (Paytm, Phonepay, Googlepay) से किसी भी Individual के Wallet में मुफ्त में पैसा Transfer कर सकते हैं।
अब सवाल है कि फिर यह 1.1% Fees किस बात की हैं?
मान लीजिये आप एक दुकान पर जाते हैं... आपने 2000 रूपए तक का सामान
👇
#नोट_छपाई का #कारोबार..
वो भी क्या #जमाना था जब #पाकिस्तान #इमरजेंसी में 500-500 के #भारतीय #नोट छाप कर समस्या से बच जाता था ।
चाहे जितने #नोट छापो, दिन रात छापो उनमे से आधे #भारत भिजवा दो आधे खुद #मार्केट में खपा दो ।
#नोट भी ऐसे ऐसे जो #RBI न पहचान पाई, असली नोट में कमियां
👇
वो भी क्या #जमाना था जब #पाकिस्तान #इमरजेंसी में 500-500 के #भारतीय #नोट छाप कर समस्या से बच जाता था ।
चाहे जितने #नोट छापो, दिन रात छापो उनमे से आधे #भारत भिजवा दो आधे खुद #मार्केट में खपा दो ।
#नोट भी ऐसे ऐसे जो #RBI न पहचान पाई, असली नोट में कमियां
👇
निकल आती थी, लेकिन पाकिस्तान के बने 500 के नोट में मजाल है गलती से भी कोई कमी हो।
पाकिस्तान के कुछ मुहल्लों में तो लाइन से भारत के 500-1000 के नोट छापने वाली मशीन लग गयी थी, इनमें नोट भले लो क्वालिटी के हो पर असली की गड्डी में लगा कर आराम से चल जाते थे।
ये नोट ऐसे होते थे कि
👇
पाकिस्तान के कुछ मुहल्लों में तो लाइन से भारत के 500-1000 के नोट छापने वाली मशीन लग गयी थी, इनमें नोट भले लो क्वालिटी के हो पर असली की गड्डी में लगा कर आराम से चल जाते थे।
ये नोट ऐसे होते थे कि
👇
किसी को पता हो नकली है तो भी वो सस्ते में लेलेता था।
हालात ऐसे की RBI नोट न छापे तो भी कमी नही होती थी, भारत की अर्थव्यवस्था को ब्लडी एनीमिया हो गया था, मानो लगातार लहू रिस रहा हो।
फिर मोदी जी आये, और इनकी सरकार को 8 साल हो गए है, न वो नोट है, न वो मशीने, इंक भी बदल गई,
👇
हालात ऐसे की RBI नोट न छापे तो भी कमी नही होती थी, भारत की अर्थव्यवस्था को ब्लडी एनीमिया हो गया था, मानो लगातार लहू रिस रहा हो।
फिर मोदी जी आये, और इनकी सरकार को 8 साल हो गए है, न वो नोट है, न वो मशीने, इंक भी बदल गई,
👇
२४ जानेवारीला हिंडेनबर्गने #AdaniGroup च्या विरोधात एक रिसर्च रिपोर्ट पब्लिश केला आणि या ग्रुपमधील स्टॉक्सच्या प्राईज धडाधड कोसळल्या. हा रिपोर्ट पब्लिश होऊन आता एक महिना उलटून गेला आहे. या एका महिन्यात घडलेल्या घडामोडींचा थोडक्यात गोषवारा. #Thread #HindenburgReport #म #मराठी
1/n
1/n
२४ जानेवारीला या अमेरिकन कंपनीने आपला रिसर्च रिपोर्ट पब्लिश करत अदानी ग्रुप दहा वर्षांपासून 'स्टॉक मॅनिप्युलेशन आणि अकाऊंटिंग फ्रॉड' करत असल्याचा दावा केला. #LIC ची #AdaniGroup मध्ये ३०,००० कोटी रुपयांची गुंतवणूक असल्यामुळे तेही यात ओढले गेले. #Thread #HindenburgReport
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२६ जानेवारीपर्यंत अदानी ग्रुपमधील कंपन्यांचे शेअर्स मोठ्या प्रमाणात विकले गेले आणि ब्लूमबर्गनुसार त्यांनी १०० बिलियन डॉलरहून अधिक मार्केट व्हॅल्यू गमावली. त्यानंतरदेखील अदानी ग्रुपची संपत्ती घटतच राहिली आणि त्यांचा FPO फक्त १ टक्के सबस्क्राईब झाला. #Thread #HindenburgReport
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#RBI policy on Recovery of Penal Charges on Loans…. #SBICards #ManappuramGold #MuthootGold #BajajFinance #NBFCs etc
Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
#Muthoot charges penal interest of upto 2% on schemes. Recall that their ROA is 6-7% so this Penal Interest is meaningful
#manappuramGold penal Interest Rates
"Bitcoin is a system based on rules not rulers"
Recently, RBI Governor called for a ban on crypto
But, the promise of Crypto and Bitcoin is stronger than ever 👇👇
#bitcoin #crypto #RBI #money #commodity #banks #gold
cryptobeans.beehiiv.com
Recently, RBI Governor called for a ban on crypto
But, the promise of Crypto and Bitcoin is stronger than ever 👇👇
#bitcoin #crypto #RBI #money #commodity #banks #gold
cryptobeans.beehiiv.com
Let's look at the The History of Money to understand more.
From Barter to Fiat Currency to Cryptocurrency
1/ It all started with the need for trade....
From Barter to Fiat Currency to Cryptocurrency
1/ It all started with the need for trade....
🔸In ancient times, people used the barter system to trade goods and services.
🔸This means that they would directly exchange one item for another without using a medium of exchange, such as money.
2/ But barter is not scalable....
🔸This means that they would directly exchange one item for another without using a medium of exchange, such as money.
2/ But barter is not scalable....
The FIGHT of BURGERS .
#RestaurantBrandsInternational ( BURGER KING) has been on my Watchlist for almost 1.5 Years . I have a PRECOMMITMENT of a Price where I want to Enter . However sometime back we visited a MALL and the story gets interesting here ! Read on .
#Burger
#RestaurantBrandsInternational ( BURGER KING) has been on my Watchlist for almost 1.5 Years . I have a PRECOMMITMENT of a Price where I want to Enter . However sometime back we visited a MALL and the story gets interesting here ! Read on .
#Burger
I Love my WHOPPER .
Wifey however spotted a new joint - BIGGIES and wanted to try that out .
And I have to admit that Burger tasted way better . On enquiring we realised it a BANGALORE based startup and growing fast across India .
So I am questioning myself about #RBI now .
Wifey however spotted a new joint - BIGGIES and wanted to try that out .
And I have to admit that Burger tasted way better . On enquiring we realised it a BANGALORE based startup and growing fast across India .
So I am questioning myself about #RBI now .
Here’s the Interesting product that caught my eyes - BOTH of them gave us VEEBA’s Tomato Ketchup.
I immediately recalled at home also we get SAUCES for SALADS - majorly from #VEEBA! ( It’s not listed)
Are we looking at a future HEINZ ? Only time will tell.
Enjoy you BURGER 🍔
I immediately recalled at home also we get SAUCES for SALADS - majorly from #VEEBA! ( It’s not listed)
Are we looking at a future HEINZ ? Only time will tell.
Enjoy you BURGER 🍔
Vishing call frauds have costed Indians INR 1,500 Cr 🤯
My own aunt lost over INR 3,94,500 in 2020🥵
Let us be aware and teach our not so tech savvy relatives
Everything about Vishing frauds & how to avoid traps🧵👇
My own aunt lost over INR 3,94,500 in 2020🥵
Let us be aware and teach our not so tech savvy relatives
Everything about Vishing frauds & how to avoid traps🧵👇
1/ An example
A person in disguise of a bank employee, called Mrs. Sharma a 40 yr old housewife
He told her that she has been selected as a lucky winner for a trip to Thailand by bank
and to process it he needs an OTP,
Excited to hear this, Mrs. Sharma shared her OTP with him
A person in disguise of a bank employee, called Mrs. Sharma a 40 yr old housewife
He told her that she has been selected as a lucky winner for a trip to Thailand by bank
and to process it he needs an OTP,
Excited to hear this, Mrs. Sharma shared her OTP with him
2/ What happens next❓
Within next 2 mins INR 2,00,000 were out from her A/c
Have you ever faced or heard about such a fraud❓
As per RBI data, India saw 229 banking frauds per day in financial year 2020-21🥵
Read again, not 229 frauds, 229 frauds PER DAY🤯
Within next 2 mins INR 2,00,000 were out from her A/c
Have you ever faced or heard about such a fraud❓
As per RBI data, India saw 229 banking frauds per day in financial year 2020-21🥵
Read again, not 229 frauds, 229 frauds PER DAY🤯
ரெப்போ வட்டி விகித உயர்வு ஏற்கனவே நிதி நெருக்கடியில் உள்ள சிறு குறு நிறுவனங்கள் மற்றும் பொது மக்களை வெகுவாக பாதிக்கும்.
வட்டி விகித உயர்வால் வீட்டுக்கடன் ,வாகன கடன்,தனிநபர் மற்றும் தங்க நகைக்கடன்களுக்கான வட்டி விகிதம் அதிகரிக்கும்.
#RBIPolicy #RBI
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வட்டி விகித உயர்வால் வீட்டுக்கடன் ,வாகன கடன்,தனிநபர் மற்றும் தங்க நகைக்கடன்களுக்கான வட்டி விகிதம் அதிகரிக்கும்.
#RBIPolicy #RBI
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மாதம் தோறும் செலுத்த வேண்டிய தவணைத்தொகை அதிகரிக்கும்.
பணவீக்கத்தை கட்டுப்படுத்தவே Repo rate உயர்த்த படுவதாக RBI கூறினாலும் இந்த நடவடிக்கையால் இதற்கு முன் விலைவாசியும் பணவீக்கமும் குறைந்ததாக எந்த ஆதாரமும் இல்லை.
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பணவீக்கத்தை கட்டுப்படுத்தவே Repo rate உயர்த்த படுவதாக RBI கூறினாலும் இந்த நடவடிக்கையால் இதற்கு முன் விலைவாசியும் பணவீக்கமும் குறைந்ததாக எந்த ஆதாரமும் இல்லை.
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மாறாக வங்கிகள் தரும் கடன்களுக்கான வட்டி அதிகரித்து பணப்புழக்கம் வெகுவாக குறைந்துள்ளது.
பணவீக்கத்தை கட்டுப்படுத்த வேண்டுமானால் இளைஞர்களுக்கான வேலைவாய்ப்பை அதிகரித்தல் தொழில் வணிக துறையில் முதலீடுகளை அதிகரிப்பது என உற்பத்தி திறனையே அதிகரிக்க வேண்டும்.
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பணவீக்கத்தை கட்டுப்படுத்த வேண்டுமானால் இளைஞர்களுக்கான வேலைவாய்ப்பை அதிகரித்தல் தொழில் வணிக துறையில் முதலீடுகளை அதிகரிப்பது என உற்பத்தி திறனையே அதிகரிக்க வேண்டும்.
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#RBI's Employee Costs is a Mammoth Rs3800 to Rs4800 Crores a year.
Recently @RBI employees took up about 20-25 Apartments in a plush south Mumbai residential complex with an Average Rent of Rs1.7lac per Apartment per month. I dont know how much of a persons Take home or Gross Salary is the Company Leased Acco, but assuming its 30% of Gross
So that would mean that many of the RBI Employees are making at least Rs5 to 5.5 lacs in Gross Income. That would make them amongst the top Millions Salaried income earners in India, not to mention all the lifetime perks like Medical etc.. Why sweat it out in the private sector ?
A pilot launch of e-rupee soon, can be based on token or account, #RBI reveals‼️
🔅There are 2 versions—wholesale for interbank settlement and retail for the public.
🔅A token-based CBDC (central bank digital currency) is a bearer instrument like banknotes, whosoever holds…cntd
🔅There are 2 versions—wholesale for interbank settlement and retail for the public.
🔅A token-based CBDC (central bank digital currency) is a bearer instrument like banknotes, whosoever holds…cntd
…the tokens at a given point in time would be presumed to own them.
The retail version of the digital rupee is token based.
🔅An account-based system would require maintenance of record of balances and transactions of all holders of the CBDC and indicate ownership of… cntd
The retail version of the digital rupee is token based.
🔅An account-based system would require maintenance of record of balances and transactions of all holders of the CBDC and indicate ownership of… cntd
…of the monetary balances.
🔅In a token-based CBDC, the person receiving a token will verify that his ownership of the token is genuine, whereas in an account-based CBDC, an intermediary verifies the identity of an account holder.
🔅RBI says this will reduce cost of cash.. cntd
🔅In a token-based CBDC, the person receiving a token will verify that his ownership of the token is genuine, whereas in an account-based CBDC, an intermediary verifies the identity of an account holder.
🔅RBI says this will reduce cost of cash.. cntd
