New Delhi: Financial regulators Sebi and RBI have enhanced vigil on Indian entities routing their funds from secretly-held Swiss bank accounts to India through Dubai and other locations, on fears of getting exposed for stashing the money in the European nation. The stepped-up vigil for money laundering activities by the country`s two financial regulators comes […]
Jun 24, 2021
Mumbai: The Reserve Bank of India (RBI) on Monday fixed the reference rate for the U.S. dollar at Rs. 45.59 per dollar and the euro at Rs. 60.73 per euro, as against Rs. 45.30 per dollar and Rs. 60.40 per euro, respectively on last Friday. In a press release issued by the RBI, the exchange […]
Jun 24, 2021
New Delhi: Amid expectations that RBI will hike policy rates later this month to tame high inflation, Finance Minister Pranab Mukherjee on Friday said the central bank will take appropriate monetary action to stabilise prices. "Whenever the appropriate adjustment of the crucial rates is called for in the larger interest of the economy, including the […]
Jun 24, 2021
New Delhi: Just back from his two-day visit to Afghanistan, External Affairs Minister S M Krishna today termed as "very disturbing" the current situation in the war-torn country where Taliban is giving shelter to Pakistan- based Lashkar-e-Toiba (LeT) and other terrorist outfits. Fully backing the peace process, the minister said India will extend all its […]
Jun 24, 2021
New Delhi: Accounting regulator ICAI on Sunday cautioned the Reserve Bank against over-reliance on a centralised audit system for banks that have completed computerisation of their operations in view of the Rs 400 crore fraud unearthed at Citibank`s Gurgaon branch. "The Citibank fraud has brought to forefront that audits need to be more vigorously followed […]
Jun 24, 2021
Bhubaneswar: The Odisha Congress on Friday staged demonstration in front of RBI’s regional office in Bhubaneswar as a part of its nation-wide protest on the occasion of second anniversary of demonetisation. The Congress alleged that demonetisation has extensively damaged the economy of the country. The move by Prime Minister Narendra Modi has only helped the […]
Jun 24, 2021
Minors above 10 years of age can open and operate independently savings bank account and use other facilities like ATM and cheque books
Jun 22, 2021
Two persons were killed in a collision between a motorcycle and a van on the Cuttack-Chandballi state highway on Wednesday, about 20 km from here, police sources said
Jun 22, 2021
Italy is mulling international arbitration over its two marines accused of killing two Indian fishermen in 2012 as bilateral efforts have failed, Defence Minister Federica Mogherini said on Thurday
Jun 22, 2021
EMIs for housing and car loans are likely to remain unchanged after the Reserve Bank on Tuesday maintained the status quo on the key policy rate (repo), as was widely expected, and said there are risks to inflation
Jun 22, 2021
With growth trending below the 5 per cent mark for three successive quarters, the Reserve Bank today pegged....
Jun 22, 2021
Mumbai: The Reserve Bank of India (RBI) yesterday allowed banks to recast a company’s debt under a “strategic debt restructuring” (SDR) scheme wherein the lender must hold 51 percent or more of the equity after the debt-for-share conversion. “Post the conversion, all lenders under the JLF (joint lenders’ forum) must collectively hold 51 percent or […]
Jun 22, 2021
New Delhi: With the Reserve Bank of India’s second bi-monthly monetary policy review of this fiscal coming up, the government on yesterday strongly urged central bank Governor Raghuram Rajan to cut interest rates. “I only ask for an affordable rate of interest for industry because credit internationally is now very cheap,” Commerce Minister Nirmala Sitharaman […]
Jun 22, 2021
Sydney: Australian astronomers have discovered a strange exoplanet orbiting a small cool star 500 light years away. With an orbit of just one-tenth that of Mercury, the planet orbits its star every 3.3 days, the researchers found. “We have found a small star, with a giant planet the size of Jupiter, orbiting very closely,” said […]
Jun 22, 2021
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