Mumbai: The actual gain to the government from the RBI’s surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore, calculations reveal. The government has already budgeted Rs 90,000 crore as the dividend for FY20 and Rs 28,000 crore interim dividend has already been paid by RBI to government in March 2019. So much […]
Apr 26, 2021
New Delhi: The Bimal Jalan-led panel has recommended a review of the Reserve Banks Economic Capital Framework (ECF) every five years. “The Committee recommends that the framework may be periodically reviewed every five years. Nevertheless, if there is a significant change in the RBI’s risks and operating environment, an intermediate review may be considered,” the […]
Apr 26, 2021
Mumbai: Stocks advanced as the government was set to receive 1.76 lakh crore of RBI’s surplus, which will give it more room for a stimulus in order to revive economic growth. Experts noted that the government now will be able to contain its fiscal deficit. Gains on the Nifty index was led by PSU Bank […]
Apr 26, 2021
Bengaluru: The telemetry, tracking and command network of the Indian space agency (ISTRAC) performed the third lunar-bound orbit manoeuvre for Chandrayaan-2 spacecraft, the agency said on Wednesday. “The manoeuvre was performed successfully today (Wednesday) beginning at 9.04 hours IST, using the on-board propulsion system. The duration of the exercise was 1,190 seconds (19.84 minutes),” said […]
Apr 26, 2021
Mumbai: The balance sheet of RBI swelled by 13.42% from Rs 36.17 lakh crore to touch Rs 41 lakh crore during the 2018-19 due to domestic and foreign investments, according to the annual report of the central bank released on Thursday. There was an increase in the size of the bank’s balance sheet during 2018-19 […]
Apr 26, 2021
Chennai: The Indian space agency on Friday evening successfully completed the fourth lunar-bound orbit change for the Chandrayaan-2 spacecraft. The Indian Space Research Organisation (ISRO) said that the spacecraft’s manoeuvre began at 6.18 p.m., using its onboard propulsion system for 1,155 seconds. The orbit achieved is 124 km x 164 km. All spacecraft parameters are […]
Apr 26, 2021
New Delhi: The Reserve Bank of India Wednesday told the Delhi High Court that a Public Interest Litigation (PIL) cannot be used as a weapon to challenge the financial or economic decisions taken by the government or the RBI. The RBI made the submission in response to a PIL alleging that online payments platform Paytm […]
Apr 26, 2021
Mumbai: The Reserve Bank of India (RBI) on Friday told the Bombay High Court that an internet connection would not be required for its proposed mobile application which would help visually impaired people identify currency notes. RBI counsel Venkatesh Dhond told a division bench of Chief Justice Pradeep Nandrajog and Justice Bharati Dangre that a […]
Apr 26, 2021
New Delhi: Ahead of the landing Chandrayaan 2 near the moon’s south pole at 1:43 a.m. on Saturday, the Indian space agency has posted a message on Twitter featuring the spacecraft Lunar Orbiter extending good wishes to the Lander Vikram. Chandrayaan 2, which was launched on July 22, will attempt a lunar surface touchdown on […]
Apr 26, 2021
Bengaluru: The Chandrayaan-2 orbiter is healthy and safe in the Lunar orbit, an ISRO official said after the Vikram lander lost contact with ground stations minutes before the touchdown on Moon’s surface early on Saturday. “The orbiter is healthy, intact, functioning normally and safely in the Lunar orbit,” the official told PTI. The mission life […]
Apr 26, 2021
Chennai: Reducing the orbit of Chandrayaan-2 Orbiter to pick up any weak signals or to take a closer look the moon lander Vikram that had crash-landed on the lunar surface is a dangerous move, contend space scientists. According to sources, the Indian Space Research Organisation (ISRO) is looking at reducing Chandrayaan-2 Orbiter’s orbit from 100 […]
Apr 26, 2021
Mumbai: An internal working group (IWG) of the Reserve Bank of India on agricultural credit has recommended the Central and state governments to avoid farm loan waivers. According to the report of the ‘Internal Working Group to Review Agricultural Credit’, Central and state governments should undertake a holistic review of the agricultural policies and their […]
Apr 25, 2021
New York: Scientists are analysing the images taken under harsh light conditions by the NASA Lunar Reconnaissance Orbiter (LRO) Camera of the area where the Vikram moon lander is likely to have touched down on the moon and it may be a while before they can locate it, project experts told IANS. LRO project scientist […]
Apr 25, 2021
Mumbai: Banks will have to take more haircuts while resolving the stressed loans extended to non- banking lenders who are found wanting on the corporate governance front, Reserve Bank governor Shaktikanta Das warned Thursday. On the government move to have merge 10 banks to four larger ones, Das said the amalgamations ought to be non- […]
Apr 25, 2021
Mumbai: Asserting that the Reserve Bank is more than autonomous, governor Shaktikanta Das Friday said though the central bank engages with the government in free and frank discussions, there is no interference from it when it comes to taking decisions. Das said the differences of opinion between the government and the monetary authority happens in […]
Apr 25, 2021
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