| In August 2022, the inflation rates based on the CPI-AL and CPI-RL grew to 6.94% and 7.26%, respectively. | In July 2022, the inflation rate as measured by the CPI-AL and CPI-RL was 6.80% and 6.80%, respectively. In August 2021, the inflation rate as measured by the CPI-AL and CPI-RL was 3.90 and 3.97 percent, respectively. The Agricultural Laborers and Rural Laborers All-India Consumer Price Index Numbers (Base: 1986-87=100) climbed by 9 points each in August 2022 to 1140 and 1152 points, respectively. The increase in the overall index of Agricultural Laborers and Rural Laborers was mostly caused by the food group. In August 2022, the cost of food climbed to 6.16% for agricultural workers and 6.21% for rural workers. In July 2022, they were 5.38% and 5.44%, respectively. In August 2021, they were 2.13% and 2.32%, respectively. The CPI-AL increased at the highest rates in Jammu & Kashmir and Uttar Pradesh (15 points each). Jammu & Kashmir saw the largest increase in the Consumer Price Index Numbers for Rural Laborers (CPI-RL) (17 points). Fuel and light’s CPI-AL just marginally climbed from 1263 points in July to 1267 points in August. Fuel and light’s CPI-RL rose from 1255 points in July to 1259 points in August. |
| The International Financial Services Centers Authority and the Monetary Authority of Singapore (MAS) have signed a FinTech Co-operation Agreement (IFSCA). | |
| During the Global Fintech Fest 2022 in Mumbai, the governor of the RBI unveiled three significant digital payment projects. | |
| Central Bank of India has been dropped by RBI from the Prompt Corrective Action Framework (PCAF). | |
| The RBI has revoked the licence of Laxmi Cooperative Bank, which is situated in Maharashtra. | |
| The SPARSH-System for Pension Administration programme has a Memorandum of Understanding inked by the Defence Ministry with Bank of Baroda and HDFC Bank. | |
| The “Programme for Development of Semiconductor and Display Manufacturing Ecosystem in India” has undergone revisions authorised by the Cabinet. | |
| The Corporate Affairs Ministry (MCA) reduced the maximum amount that businesses might be charged for impact assessments. | |
| The RBI has given its approval for PR Ravi Mohan to be reappointed as the chairman of ESAF Small Finance Bank. | |
| A regulatory charge of 0.25 percent has been levied on corporate bankruptcy resolution plans by the Insolvency and Bankruptcy Board of India (IBBI) (CIRP). |
