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Michael Oliveira, RBI’s spokesperson, explained that the 19 franchisees on the company’s board have been “successful and sophisticated” operators who were elected by their peers as opposed to the leaders of the ACF who are “self-appointed.”
Source: https://www.complex.com/life/tim-hortons-franchisees-fighting-over-tim-biebs-merch
The Internet and Mobile Association of India and other petitioners had challenged the RBI’s circular.
Source: https://www.canindia.com/what-the-top-court-said-when-it-overturned-rbi-order-on-virtual-currencies/
The RBI’s worry is mostly in the sub-Rs 50,000 loan segment of unsecured personal loans, where NBFCs have high exposure.
This is the third instance of retail inflation rate crossing the upper limit of the 4+ /–2 per cent band of RBI’s medium-term inflation target in this calendar year, and the seventh instance since July 2022.
Source: https://indianexpress.com/article/explained/explained-economics/where-prices-are-hurting-8898947/