Author: Neha Shah

The Reserve Bank of India (RBI) has set new rules for debit and credit cards which will be in effect from July 1. The regulations will help increase the security of card transactions. 

In the monthly economic review meeting, the finance ministry commented on current economic conditions. It was stated that the growth is slow but the risk of stagflation in India is low.

Nirmala Sitharaman is scheduled to have a meeting with the heads of the Public Sector Bank (PSB) on Monday, June 20. The meeting is expected to encourage banks to credit growth. 

While Tesla is soon expected to launch in India, the union minister shared the Government’s concern on June 18. The company is welcome in India but should work according to the Atmanirbhar policy. 

Oil prices have fallen by upto ₹15 on Thursday. These edible oils include palm oil, sunflower oil, and soybean oil.

The Group of Ministers appointed for GST is scheduled to have a meeting on June 17. The current tax rates are expected to be rationalized.

State Bank of India (SBI), has increased interest rates on Fixed Deposits (FD) with effect from 15 June 2022. The bank has also raised the lending rates.

On June 11, RBL appointed R Subramaniakumar as the Managing Director (MD) and Chief Executive Officer (CEO). He has experience in the banking industry for more than 40 years.

Revlon, an American cosmetics company soon to file for bankruptcy. The company is recorded to have a debt of more than $3 billion.

Janhit Mein Jari, a Bollywood movie released on 10 June 2022, is set to break barriers. The movie has been criticized by editors and the public.