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1. Indian economy picking up, rural demand may rebound:</br><br> RBI Governor Raghuram Rajan said on Thursday that Indian economy is picking up, adding rural economy may see a pick up if monsoon improves and sowing is good.<br>"You may see rural demand coming back more strongly, and that would be a very tremedous bonus to the economy compared to we are," Raghuram Rajan said at an industry event. (Express Photo by Dilip Kagda)
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2. Small finance bank licences next month:</br><br> After granting approval to 11 entities for payments banks, RBI on Thursday said it will announce small finance bank licences next month and allayed concerns that these new entities can pose any threat to existing banks.<br>RBI Governor Raghuram Rajan said that new payments banks would not pose any competitive threat to the existing banks and these new entities would rather serve as 'feeder' for the universal banks. (Express Photo by Dilip Kagda)
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3. Closely monitoring crowdfunding space, crypto currencies:</br><br> Reserve Bank Governor Raghuram Rajan on Thursday said it is closely monitoring the crowdfunding space to check if it poses any concerns, while it also called for an active "market intelligence" mechanism on crypto currencies.<br>"We are also looking at some of the crowdfunding issues to see whether they pose any concern. One of my worries about crowdfunding is that it works while going is good. (Express Photo by Dilip Kagda)
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4. Yuan devaluation raises question on China's strength:</br><br> Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.<br>"I think more generally across the globe, because of a weak demand, we've seen significant efforts to depreciate currency, you can call it monetary policy or direct exchange rate intervention. That's a worrisome trend. (Express Photo by Dilip Kagda)
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5. Realty developers to bring down prices:</br><br> Amid piling inventory levels of unsold houses, RBI Governor Raghuram Rajan on Thursday said the larger need is to push demand by a price cut by the real estate developers.<br>The piling inventory levels of realty players brought the controversial 'teaser loans' back into focus, with the largest lender State Bank of India asking RBI to allow lenders to sell loans below the base rates. <br> "I think we need the market to clear. With growing unsold stock, we need to see the ways to do it. Some of it might be by making loans easier, but we also don't want to create a situation where prices stay high at the level which means demand can't pick up," Rajan said. (Express Photo by Dilip Kagda)
India’s richest Youtuber with Rs 665cr net worth is a comedian but not Samay Raina or CarryMinati
