The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from the acquisition of financial assets
“RBI started purchasing gold a few years ago and decided to undertake a review of where it wants to store it, something that is done from time to time. Since stock was building up overseas, it was decided to get some of the gold to India,” TOI quoted an official as saying.
An increased dividend payment is probably going to assist the Central government in reaching its goal of 5.1% of GDP for fiscal deficit during the current fiscal year. Additionally, it would probably support tax collections, giving the new government more spending flexibility.
Subbarao alleged that the finance ministry, led by Pranab Mukherjee, and P Chidambaram, pressed the RBI to lower interest rates and create a more positive picture of development to boost the confidence of people in the government.
The unknown caller told the victim that they were calling from FedEx Mumbai and they repeated his name, Aadhar number, and mobile number to confirm his identity.