RBI Governor warns investors on cryptocurrencies, said this on CBDC


Posted on 10th Feb 2022 04:12 pm by rohit kumar

The road to cryptocurrencies in India is getting tougher. When the crypto tax was announced in the general budget, new RBI Governor Shaktikanta Das has alerted the investors. RBI Governor said that we continue to stand on the earlier stand of cryptocurrencies. This is very dangerous for the economy.

 

During the interaction with the media, RBI Governor Shaktikanta Das said, "Earlier I had said that investors should take their own decision, but investors have to keep this in their mind that whatever they are investing, it is their responsibility." No rules have been made by RBI in this regard.

 

What was said on digital currency: RBI Deputy Governor T Ravi Shankar said that we have been working on Central Bank Digital Currency (CBDC) for almost one and a half years. In this budget, there is a proposal that changes will be made in the RBI Act for digital currency.

 

After this change, we can move on. In response to the question of when it will be launched, RBI Governor Shaktikanta Das said that we do not want to give any timeline. We are not in a hurry, will launch it completely safely and carefully. At the same time, Deputy Governor T Ravi Shankar said that the government is not taking the help of any outside agency for this currency.

 

What to say on inflation: The prices of crude oil have increased for the last few months, but the prices of petrol and diesel remain unchanged. At the same time, for the current financial year, the Reserve Bank has kept the inflation forecast at 5.3 percent, which is very close to the RBI's satisfactory level. Reserve Bank Governor Shaktikanta Das has also reacted to this estimated figure. Shaktikanta Das said that we are aware of every situation. We have made this guess after understanding everything.

 

Shaktikanta Das said core inflation remained at a high level of the satisfactory range. However, the tax cut on petrol and diesel in November last year is expected to ease the pressure on raw material costs to some extent.

 

No change in repo rate: Let us tell you that once again RBI has not changed the repo rate. RBI retained it at 4 percent. This means that there will be no change in the monthly installment of the bank loan.

 

This is the 10th consecutive time that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has not made any change in the repo rate. Earlier on May 22, 2020, to stimulate demand, the repo rate was reduced to a record low. Along with this, the reverse repo rate has been kept unchanged at 3.35 percent.

1 Like 0 Dislike
Previous news Next news
Other news

Bade Miyan Chote Miyan: Akshay Kumar joins hands with Tiger Shroff, will the Govinda-Amitabh magic work again?

Tiger Shroff and Akshay Kumar have joined hands for a film for the first time. Akshay Kumar and T

Joe Biden: Biden put his hand on King Charles I's back and controversy started, accused of breaking royal protocol

US President Joe Biden is currently on a tour of Europe. During this, he also met King Charles II

Nicobar Islands Earthquake: Earthquake tremors felt in the Nicobar Islands, magnitude 5.0 on the Richter scale

Earthquake tremors were felt in the Nicobar Islands of the Andaman and Nicobar Islands in the ear

The Queen of Spain sent a grenade gift to Ukraine: A big gift to Zelensky, who is fighting the war against Russia, wished victory with a bomb-launcher

The war between Russia and Ukraine has been going on for the last two months. The war is dragging

Narendra Modi: Banaras became 'Modi's family'; How happy are the people of Kashi with the work of their MP? Read the special ground report

When RJD supremo Lalu Prasad Yadav recently took a dig at Prime Minister Narendra Modi for not ha

Preity Zinta: Preity Zinta jumped with joy in an IPL match, and hugged Yuzvendra Chahal; see viral post

KKR and Punjab Kings had an IPL match on Tuesday, and a video of the same is going viral on socia

One call away, an alliance of BJP and Uddhav Sena! Why is there speculation in the politics of Maharashtra

Will there be friendship between Uddhav Thackeray's Shiv Sena and BJP again? Due to some statemen

Team India's world record: In T20, India achieved the feat of winning 12 consecutive matches, defeating Sri Lanka by 6 wickets in the third match

India beat Sri Lanka by 6 wickets in the third and final T20I to clean sweep the 3-match series.

President Murmu's tour of South India from today will participate in many programs; will also interact with the students

President Draupadi Murmu will be on a five-day tour of South India from today (Monday). President

Monsoon shadow in half the country: Two policemen died due to floods in Assam, and one died due to a cloudburst in Kashmir

The bodies of two policemen, who were washed away in flood waters in Assam's Nagaon district on S

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash