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
New Delhi: Country’s largest bank SBI has breached RBI’s credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries (RIL). The public sector lender, which also has significant exposures to troubled Air India besides certain telecom firms being probed in relation to the 2G scam, has now […]
Jun 25, 2021
New Delhi: Finance Minister Pranab Mukherjee on Friday described the decline in industrial growth rate in April as "disturbing" and said he would wait for more data to ascertain the trend. "The IIP growth figures are disturbing. (We) need to wait for longer term IIP growth to see the trend", he told reporters here. The […]
Jun 25, 2021
New Delhi: Finance Minister Pranab Mukherjee today described the decline in industrial growth rate in April as "disturbing" and said he would wait for more data to ascertain the trend. "The IIP growth figures are disturbing. (We) need to wait for longer term IIP growth to see the trend", he told reporters here. The Index […]
Jun 25, 2021
Jakarta: Greenpeace on Wednesday accused Mattel, the US maker of Barbie dolls, of contributing to the wanton destruction of carbon-rich Indonesian forests and habitats of endangered species like Sumatran tigers. The environmental group said packaging used in Barbie and Ken boxes contained timber products from Asia Pulp and Paper (APP), which it described as a […]
Jun 25, 2021
Bangalore: The Reserve Bank of India today pitched for increased foreign direct investment into the country, even as it expressed apprehension over the quality of portfolio inflows. RBI Deputy Governor Shyamala Gopinath said India has been able to absorb capital inflows because it has a current account deficit. "But we have expressed apprehension on the […]
Jun 25, 2021
Bangalore: The Reserve Bank of India on Thursday pitched for increased foreign direct investment into the country, even as it expressed apprehension over the quality of portfolio inflows. RBI Deputy Governor Shyamala Gopinath said India has been able to absorb capital inflows because it has a current account deficit. "But we have expressed apprehension on […]
Jun 25, 2021
Mumbai: The Reserve Bank has capped interest rates charged by micro finance institutions from small borrowers at 26 per cent, but opened for MFIs the bank credit line which was curtailed following the crisis faced by the sector in October, 2010. The loan by the banks to MFIs for on-lending to small borrowers will fall […]
Jun 25, 2021
Mumbai: Price stability has taken precedence over growth and containing inflation and anchoring inflationary expectations has been the focus of the Reserve Bank of India in its monetary policy statement for FY 12, a top banker said. The RBI`s policy stance is necessary "to maintain a sustainable growth momentum in the economy over the medium- […]
Jun 25, 2021
Mumbai: Leading economists have welcomed the measures initiated by the Reserve Bank of India on Tuesday in reining soaring inflation saying that the price rise has become a much serious and larger issue. Describing the annual monetary policy announced by RBI Governor D Subbarao as a progressive one, Ernst & Young India`s Ashvin Parekh said […]
Jun 25, 2021
Mumbai: Home, auto and other loans are set to become costlier with the Reserve Bank today hiking key short-term rates to contain inflation, while giving relief to small savers by increasing the savings bank rate to 4 per cent from 3.5 per cent now. The signal was given by the RBI in its annual policy […]
Jun 25, 2021
Mumbai: In a bid to check inflation, Reserve Bank today raised its short term lending (repo) rate by 50 basis points to 7.25 per cent, while lowering the economic growth projection to 8 per cent for the current fiscal. The RBI has also increased the saving bank rate by 50 basis points to 4 per […]
Jun 25, 2021
New Delhi: Concerned over the detention of a large number of people under the stringent National Security Act (NSA), the Centre has asked the Uttar Pradesh government not to use the law in an arbitrary manner. In a letter, the Home Ministry has conveyed to the Uttar Pradesh government that it should slap the NSA […]
Jun 25, 2021
Rajkot: Population of herbivorous animals and peacocks has increased in the Gir forest area, as per a recent census. Gujarat Forest Department carries out such census every year. The herbivores here include black bucks, pigs, monkeys and nilgai. The peacock population has increased to 19,635 from 18,421, while that of monkeys and black bucks has […]
Jun 24, 2021
Sriharikota (AP): India`s PSLV-C16 rocket on Wednesday successfully launched into orbit the latest remote sensing satellite Resourcesat-2 that would study and help manage natural resources along with two nano satellites. ISRO`s homegrown workhorse Polar Satellite Launch Vehicle placed in a `Polar Sun Synchronous Orbit` Resourcesat-2, Youthsat and X-Sat about 18 minutes after it blasted off […]
Jun 24, 2021
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