San Francisco: SpaceX has confirmed the successful deployment of a new batch of 60 Starlink internet satellites into orbit. “Successful deployment of 60 Starlink satellites confirmed,” SpaceX tweeted late on Wednesday. The launch came less than a week after the rocket builder sent two NASA astronauts to the International Space Station on a Falcon 9 […]
Apr 16, 2021
Mumbai: The Reserve Bank of India has come up with a discussion paper on governance in commercial banks, whereby it has proposed to limit the term of a bank promoter to hold the position of a CEO or whole-time director. According to the RBI paper, a promoter or major shareholder of a bank may continue […]
Apr 16, 2021
New Delhi: The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks. A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and M.R. Shah queried […]
Apr 16, 2021
New Delhi: Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a 57 paise on the back of firming international oil rates. Aviation turbine fuel (ATF) price was hiked by Rs 5,494.5 per kilolitre (kl), or […]
Apr 15, 2021
New Delhi: The Centre has decided to bring urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India to protect depositors in these financial institutions. The Union Cabinet, in a meeting held on Wednesday, decided to initiate the move via the Ordinance route. The move will bring 1,482 urban and […]
Apr 15, 2021
Delhi: The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third-party app provider (TPAP) and does not operate any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007, RBI has told a bench of Chief Justice D N […]
Apr 15, 2021
Chennai: Indian space agency on Friday released an image of Phobos, the closest and biggest moon of Mars clicked on July 1 by the Mars Colour Camera onboard the Mars Orbiter Mission (MOM). According to the Indian Space Research Organisation (ISRO), the image was clicked by MOM when it was about 7,200 km from Mars […]
Apr 15, 2021
Keonjhar: Keonjhar district administration on Sunday announced a complete shutdown of Barbil town for seven days after 11 COVID-19 cases were detected from the area in the last 24 hours. Keonjhar District Collector Ashish Thakare said though the weekend shutdown continues, it has been decided to extend the restrictions for another seven days. “The shutdown […]
Apr 15, 2021
Mumbai: India’s economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term outlook still remains uncertain. “Despite the substantial impact of pandemic in our daily lives, the financial system […]
Apr 15, 2021
New Delhi: As the economy reels under the pandemic and post lockdown woes, Reserve Bank of India (RBI) Governor Shaktikanta Das is of the view that extreme risk aversion by financial institutions will have adverse outcomes for all. Noting that India’s financial system remains sound, Das, in his foreword to the RBI‘s latest Financial Stability […]
Apr 14, 2021
New Delhi: RBI Governor Shaktikanta Das on Monday assured the industry that the central bank was closely monitoring the economic situation and will not hesitate to take appropriate action, as he underlined the need for stepping up investment in the infrastructure sector to reignite growth hit by the COVID-19 crisis. Addressing members of industry chamber […]
Apr 14, 2021
Balasore: Irate over arbitrary dumping of personal protective equipment (PPE), masks and gloves on street, locals of Sutei village in Balasore district staged a demonstration on Sunday. The villagers today blocked the road to the dedicated COVID Care Centre in the area demanding proper disposal of the PPE kits. The villagers alleged that despite several […]
Apr 14, 2021
Mumbai: The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year. Supply chain disruptions persist, resulting in inflation pressures across segments, RBI Governor Shaktikanta Das said while announcing the decisions taken by the […]
Apr 14, 2021
Mumbai: The Reserve Bank of India (RBI) Board on Friday approved the transfer of Rs 57,128 crore surplus to the Central government for FY20. The decision was taken at the 584th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference. The Board reviewed the current economic situation, continued […]
Apr 13, 2021
The Reserve Bank Of India kept the key rates unchanged while maintaining an accommodative stance of monetary policy.
Apr 13, 2021
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