RBI mulls more interactive Internet presence
Listen to this Article
The Reserve Bank is planning to make its Web interface more interactive with a presence on social networking sites like Twitter, blogs and other online discussion forums. The RBI is conducting a Web survey where it is asking the visitors to its website whether they would like features like discussion forum, blog, live chat, Twitter (for information dissemination) and opinion polls on the site. A number of organisations globally, including regulatory organisations and the government departments, have been increasingly using features like Twitter and other online platforms that help in fast dissemination of information and collating the views of the public. Even the US President Barack Obama and his official residence and workplace, the White House, have a presence on Twitter and various other online platforms such as blogs. In India also, some ministries and a many corporates have established a presence on Twitter, while a number of public figures are active members of this micro-blogging site. The RBI is also seeking to know from the survey that whether the users want interactive charts for various interest rates, currency conversion tools and online calculating tools for EMIs and FD returns. The central bank has also sought views on having certain collaboration tools on its website, such as blogs, forums, bulletin boards, and wikis (which allows the internet users to provide their own information on the website). The survey, which began last month, has also sought views on the existing sections of the RBI website and whether any improvements were required there. (PTI)
Category : RBI | Comments : 0 | Hits : 234
Listing of an Indian company on international stock exchanges got a push with the Reserve Bank of India (RBI) coming out with regulations under Foreign Exchange Management (FEMA). Experts believe new regulations will help companies utilise foreign exchange more effectively. Regulations have been made public through two notifications. First set of regulations deals with mode of payment and reporting of non-debt instruments. “The proceeds of purchase / subscription of equity shares of an ...
The Lok Sabha elections 2024 are in full swing with electioneering adding much colour to the entire process. However, to ensure that there is no wrongdoing, the Reserve Bank of India (RBI) has sent a missive to Payment System Operators (PSOs) asking them to keep a watch on all suspicious high-value transactions that they may come across in their systems. The general purpose of the letter is to deny the use of electronic fund transfer mechanism to anyone who is intending to influence the election...
he Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the payment ecosystem. The draft also covers the physical point-of-sale activities of payment aggregators (PAs). The RBI said that given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations ...
The RBI on Monday eased rules to allow resident entities to hedge their exposures to the price risk of gold using the OTC derivatives in the International Financial Services Centre (IFSC) in addition to the derivatives on the exchanges in the IFSC. Resident entities such as banks were permitted to hedge their exposure to the price risk of gold on the exchanges in the IFSC that are recognised by the International Financial Services Centres Authority (IFSCA), and the new directive provides them...
The Reserve Bank of India (RBI) on March 21 said it has imposed monetary penalty on five co-operative banks for rule violations. These banks are Pragati Mahila Nagrik Sahakari Bank, Janata Co-operative Bank, Jila Sahakari Kendriya Bank, Karad Urban Co-operative Bank, and The Kalupur Commercial Co-operative Bank. The central bank imposed Rs 26.60 lakh on The Kalupur Commercial Co-operative Bank, Rs 13.30 lakh on Karad Urban Co-operative Bank, Rs 5 lakh on Janata Co-operative Bank, Rs 1 lakh...


Comments