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The 623rd meeting of the Reserve Bank of India (RBI) Central Board, chaired by Governor Sanjay Malhotra, focused on the economic outlook and approved a significant increase in the Contingent Risk Buffer for FY26. The RBI reported a 26.42% rise in gross income and approved a surplus transfer of ₹2.87 trillion to the government, while also planning to implement the Unified Payments Interface (UPI) in Cyprus. Additionally, various initiatives and agreements were highlighted, including the launch of the JEEVAN

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