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RBI Governor Urjit Patel Hits Out At Farm Loan Waiver

Urjit Patel

Reserve Bank of India (RBI) Governor Urjit Patel said that there is a need for national consensus on loan waiver schemes that these promises are not made during elections. He said that a consensus is required at national level so that loan waiver promises are eschewed. Otherwise, sub-sovereign fiscal challenges could eventually affect the national balance sheet. He claimed that with such schemes the ... Read More »

New Rs 100 Notes Soon: Reserve Bank of India

Urjit Patel

The Reserve Bank of India (RBI) will start the circulation new Rs 100 banknotes very soon as per the recent notification from the central bank. The new notes will be quite similar to the design of Mahatma Gandhi Series-2005 bank notes. The RBI said that it very issue new Rs 100 denomination banknotes in the ongoing Mahatma Gandhi Series-2005. The upgraded note ... Read More »

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