Tag: Rbi

Bhubaneswar: A moving car caught fire in front of the Reserve Bank of India in the city when the driver was moving towards a tree shade to park it. However, as soon as he driver saw smoke emanating from the bonnet, he deserted the car after turning the ignition off. According to reports, the front […]

Baripada: Even as the deadline for depositing old demonetised currencies of Rs 500 and Rs 1000 is over, Jharpokharia police of Mayurbhanj is yet to exchange old cash worth Rs 2.88 lakh and continues to struggle between legal and banking norms. As per sources, the police had approached regional Reserve Bank of India (RBI) office in […]

New Delhi: The government on Friday appointed BP Kanungo as the deputy governor of the Reserve Bank of India (RBI), as the incumbent R Gandhi nears the end of his three-year term. Kanungo will take charge for a period of three years or until further orders, starting April 3, 2017, according to a statement on […]

Bhubaneswar: In a show of strength, Congress party leaders including former Home Minister Shivraj Patil today held a demonstration in front of the Reserve Bank of India (RBI) office in Bhubaneswar protesting against demonetisation and alleged that the poor and middle class sections of the society are worst-hit even after 70 days of the note […]

Bhubaneswar: Protesting against the failure to lift the weekly cash withdrawal limit of Rs. 24,000 even after two and half months have passed since demonetisation, Congress will stage a protest in front of regional office of Reserve Bank of India (RBI) in the capital city on Wednesday. Senior party leaders like former Union Minister and […]

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

Bhubaneswar: Following the announcement by Prime Minister Narendra Modi to convert Kisan Credit Card to RuPay cards, the Odisha government has set a target to provide RuPay card to 11.40 lakh farmers by March this year. Talking to media persons today, Cooperation minister Damodar Rout said the state government is bound to implement the RuPay […]

Bhubaneswar: Normal life remained unaffected in most parts of Odisha today despite the 12-hour state-wide protest called by the five Left Parties and the Congress to protest the demonetisation of Rs 1,000 and Rs 500 notes. Vehicular traffic was normal in Bhubaneswar and Cuttack and other parts of the State. All the business establishments and […]

Bhubaneswar: Protesting against the demonetisation, five Left parties in Odisha will stage dharnas and resort to civil disobedience in front of State Bank of India branches across the State on November 28. Speaking to newsmen here on Saturday, Dibakar Naik, CPI State Secretary, “Activists and leaders of CPI, CPIM, CPIML, SUCI and the All India […]

Berhampur: The Central team which is in Odisha to review the state of affairs and collect feedback on the implementation of the demonetization program visited Berhampur and Jajpur today. Central team member and Union Joint Secretary, Food and Public Distribution, Suresh Vashist held discussions with Ganjam collector Premchandra Choudhary along with representatives from Agriculture, industries […]

Bhubaneswar: With the prevalence of currency notes shortage after eight days of announcement of ban on Rs 500 and Rs 1,000 across the country, the Reserve Bank of India office here today said new Rs 500 notes introduced by the Central government will be available at the selected branches of nationalised banks in Bhubaneswar and […]

Bhubaneswar: Taking note of the panic by the people due to the sudden announcement by the Centre on demonetisation of Rs 500 and Rs 1000 currency notes last night, the Odisha government has decided to step up early measures to bring the situation under control. Talking to media persons today, Director General of Police (DGP) […]

Bhubaneswar: A recent report published by the Reserve Bank of India (RBI), which suggests that Central assistance to Odisha has declined, has reignited the debate over central negligence of the state. The ‘Report on States Finances – A Study of Budget of 2015-16’ published by the central bank highlighted that central assistance to many states, […]

Bhubaneswar: In an uncertain, complex and volatile global scenario, India needs to identify the bottlenecks and address the problems to ensure growth, Harun Rashid Khan, Deputy Governor of the Reserve Bank of India (RBI) said on Wednesday. “There has been uncertainty in economic growth globally with problems besetting European banks, economic slowdown in China, and […]

"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," said te RBI Bulletin for July 2021.