Indian Economy
RBI Closely Monitoring Global Crypto Landscape as India Prepares Policy Paper
The RBI is closely watching global crypto trends as India prepares a policy paper. Governor Malhotra cited concerns about financial stability. Despite a 30% tax and 1% TDS on crypto gains, India lacks full legal recognition. A comprehensive framework, seeking public input, is expected, while the RBI pushes its own Digital Rupee.
Amazon India Shifts Gears: From Marketplace to Comprehensive MSME Enabler
Amazon India is transforming from a marketplace to a full-stack enabler for Indian MSMEs. Led by Gaurav Bhatnagar, this shift provides comprehensive support, from AI-powered listing optimization and vernacular onboarding to enhanced logistics and accessible financing, empowering MSMEs to thrive in the digital economy and contribute to India's economic growth.
Why India's Central Bank is Proactively Stimulating the Economy
Why is the RBI cutting rates when the economy looks good? It's a strategic move to address hidden household debt, boost private investment, and secure sustained, inclusive growth amidst global uncertainties. With inflation benign, the central bank is proactively injecting liquidity to alleviate financial stress and ensure India's economic resilience.