Mumbai: Retaining its growth forecast for the current fiscal at 8 per cent, the Reserve Bank on Tuesday said that there is no evidence of “broad-based slowdown”. Despite concerns of industry that any further increase in interest rates would impact growth; the RBI went in for another round of hike, raising its key rates by […]
Jun 26, 2021
Mumbai: Personal and corporate loans will become more expensive, with the RBI today raising key interest rates sharply for the third time in the last three months, by 0.50 per cent, to arrest price rise. The central bank, in its quarterly review of the monetary policy, has also revised its fiscal-end inflation projection to 7 […]
Jun 26, 2021
Mumbai: The RBI today hiked short-term lending and borrowing rates sharply by 50 basis points for the third time in three months to tame high inflation, a move that would make all personal and corporate loans more expensive. The RBI has also revised its fiscal-end inflation projection to 7 per cent from 6 per cent […]
Jun 26, 2021
New Delhi: Complying with the directives of the International Olympic Committee, the IOA today constituted the Indian Court of Arbitration for Sports to settle all sports-related disputes in the country. The ICAS will have eight members — all retired justices of higher judiciary — including former Supreme Court judge A R Lakshmanan. "In pursuance to […]
Jun 26, 2021
Chennai: India’s ambitious Mars Orbiter Mission was just nine million kilometres away from the red planet, Indian Space Research Organisation said today. “Mars Orbiter Mission (MOM) is just nine million km away from Mars and 189 million kilometres away from the Earth. 33 more days to MARS,” ISRO said in its social networking site. Early […]
Jun 26, 2021
Nudging the Reserve Bank of India (RBI) to cut interest rates in the backdrop of softening inflation, Finance Minister Arun Jaitley on Sunday said he had already made his mind clear and hoped the central bank will take a call on the issue after considering various factors
Jun 26, 2021
New Delhi: Expressing concern over rising inflation, Finance Minister Pranab Mukherjee on Thursday said both the Government and the central bank are working in tandem to bring it down to a comfortable level. "Government is working together with RBI to take appropriate steps to reduce inflation to more comfortable level," Mukherjee said while reacting to […]
Jun 26, 2021
New Delhi: Nomination papers of election candidates cannot be rejected without proper scrutiny and reasoning by returning officers as it may led to "grave consequences" of ensuring victory of a particular contender, the Supreme Court has held. "We are of the opinion that when a nomination paper is presented it is a bounden duty of […]
Jun 26, 2021
Describing the RBI's status quo policy as a calibrated approach to strike a balance between growth and inflation, Finance Minister Arun Jaitley on Tuesday said the government on its part will address the problem of price rise by improving supplies
Jun 25, 2021
The Reserve Bank on Tuesday kept interest rates unchanged but unlocked about Rs 40,000 crore of banking funds by cutting the SLR and promised to ease rates if inflation softens at a faster pace
Jun 25, 2021
New Delhi: Reserve Bank Governor Raghuram Rajan today said fighting price rise is a priority and the central bank has always maintained balance between the need to check inflation and prop-up growth. “It is absolutely a task that the government and the RBI are engaged (in fighting inflation),” Rajan told reporters after meeting new Finance […]
Jun 25, 2021
New Delhi: Agreeing with the RBI’s move to raise interest rates, the Prime Minister’s Economic Advisory Council (PMEAC) on Thursday said persistently high inflation warranted policy action by the central bank. “I think the Reserve Bank has taken the right decision. Contrary to expectations, the inflation rate in May went up and went up very […]
Jun 25, 2021
Mumbai: The BSE benchmark Sensex fell by 171 points to dip below 18,000 mark after three weeks in pre-close trade today as RBI hiked its policy rates by 25 basis points to contain rising inflation. The 30-share index fell by 171.04 points, or 0.94 per cent, to 17,961.20 points, a level last seen on May […]
Jun 25, 2021
Mumbai: The Reserve Bank of India, which hiked interest rates for the tenth time in 15 months on Thursday, said it will continue with its tight monetary policy as inflation is spreading to the non-food segment also, which is a concern. "Based on the current and evolving growth and inflation scenario, the Reserve Bank will […]
Jun 25, 2021
RBI Governor Raghuram Rajan has an outstanding record and the next government must respect his appointment, Finance Minister P Chidambaram said on Thursday
Jun 25, 2021
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