Economic Capital Framework

RBI Deputy Governor Shirish Chandra Murmu says the central bank's economic capital, risk buffers and revaluation practices place it in a strong position to meet its policy mandates

RBI revises CRB range to 4.5-7.5% under updated ECF, giving it flexibility to manage surplus transfers and avoid large fiscal shocks in volatile conditions

Board to meet on May 23 to decide transferable surplus based on new range

RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains

The panel had also suggested that the RBI's ECF be reviewed every five years

The government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document. The selected agency will be roped in for a period of nine months for the assignment. The agency will need to submit the draft report on estimation of the size of the digital economy and projections from the current financial year till 2029-30 to Ministry of Electronics and IT (MeitY) within 32 weeks from the date of selection. "The RFP aims to invite proposal in the area of estimation and measurement of India's digital economy including formulation of measurement framework, capturing data and identifying digital interventions," the document said. The report will also look into state rankings and their share in the digital economy, along with the impact of e-commerce and emerging technology on such economy. "Collective action is required in a team India spirit with collaboration between government a

India to wait for final contours before formally associating with IPEF trade pillar, says Goyal

The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth

The global financial services major DBS, however, noted that interests in this paper is likely to be lukewarm ahead of the new 10Y issuance in September or October

The release was on the basis of a change in the various methodologies and metrics

He says no one in govt had opposed sovereign bonds

Dr Jalan will himself be in favour of allowing his former colleague Dr Mohan to head the panel