Should lenders be allowed to 'kill' financed phones if EMIs aren't paid?
Fp Staff • 1 month agoThe RBI is weighing whether to let lenders remotely disable smartphones bought on EMIs if borrowers default, sparking a debate over consumer rights, privacy and the risks of aggressive lending
RBI eyes to take rupee global, unveils measures to make INR international currency
Fp Staff • 1 month agoThe timing of the measure is significant as nearly 90 per cent of India’s exports to South Asia in 2024–25, worth about $25 billion, were directed toward these neighbouring economies
RBI maintains repo rate at 5.5% for second consecutive time
Fp Staff • 1 month agoThe central bank lowered the repo rate by a total of 100 basis points during the first half of 2025 but chose to hold rates steady at its August meeting
FirstUp: Trump's pharma tariffs come into effect, EU leaders meet in Denmark... Big news today
Fp Explainers • 1 month agoUS President Donald Trump’s tariffs on foreign pharmaceutical products will kick in today. Meanwhile, EU leaders gather in Copenhagen to discuss key defence initiatives. In India, the RBI is set to announce its interest rate decision, and PM Modi will take part in the RSS centenary celebrations
Done with OTPs? Payments minus these passwords are coming soon
Fp Explainers • 2 months agoThe Reserve Bank of India (RBI) has said it wants to move away from relying solely on OTPs for securing digital transactions from April 2026. Instead, it is opening the door to newer two-factor authentication methods that may let you pay without entering a digital pin every time
India bets on gold: RBI cutbacks in US treasury bills signal diversification push
Fp Staff • 2 months agoIndia is reducing US Treasury holdings and adding gold to diversify reserves and lessen reliance on the dollar
From note ban, CAA to farm reforms laws: The other side of PM Modi’s 11 years
Fp Staff • 5 months agoPrime Minister Modi’s 11 years in power have seen sustained economic growth despite concerns of global slowdown. This came against the backdrop of the Covid-19 pandemic and some of the decisions that saw massive protests in Delhi and other places
Home loans to FDs: 5 ways RBI's rate cut will impact your investments
Fp Staff • 5 months agoAs the RBI has announced cuts in repo rate and cash reserve ratio (CRR), loans are set to get cheaper for customers. As the RBI has changed its stance from accommodative to neutral, the focus is now going to be on supporting growth. Here are five ways in which RBI rate cuts will affect you.
RBI slashes repo rate by 50 basis points, third cut in a row to boost growth
Fp Staff • 5 months agoThe Monetary Policy Committee (MPC) has decided to reduce the repo rate, the rate at which the Reserve Bank of India (RBI) lends money to commercial banks, by 50 basis points to 5.5% with immediate effect
FirstUp: PM Modi to inaugurate Chenab Bridge and more... Top news today
Fp Explainers • 5 months agoPrime Minister Modi is set to inaugurate the Chenab Bridge, which is the highest railway bridge in the world. Meanwhile, the RBI will announce the repo rate amid declining inflation