Enforcement Directorate

ED raids Vivo, other Chinese firms in money laundering case

The Enforcement Directorate (ED) on Tuesday conducted raids at nearly 40 locations in Uttar Pradesh, Madhya Pradesh, Bihar, and in southern states, in connection with a prevention of money laundering case linked to Vivo and associated Chinese firms. Jul 6, 2022
RBI

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection. Jul 2, 2022
Shaktikanta Das, Governor, Reserve Bank of India

RBI raises repo rate by 50 bps; Highlights

The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this financial year. Jun 8, 2022