RBI capital transfer: Jalan panel likely to get extension to finalise report

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

Govt announces welfare board for traders

The central government will nominate chairman and up to 15 members to the Board, said notification of DPIIT.

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

DBS Bank suggested hiking the cap on foreign funds' investment in domestic debt is a better option.

The government would start raising a part of its gross borrowing programme in external markets, said Nirmala Sitharaman.

‘There are no growth projections sector wise,’ P Chidambaram said.

‘Despite several headwinds, Indian economy is expected to grow at 6.8pc in 2018-19 while maintaining macro-economic stability,’ it said.

Finance Minister Sitharaman said in the last quarter, there could have been a fall and steps have been taken to improve the economy.

This was disclosed by Finance Minister Nirmala Sitharaman in reply to a question by Congress member Digvijaya Singh in the Rajya Sabha.

The external debt-to-GDP ratio stood at 19.7 per cent at end-March 2019, lower than 20.1 per cent at end-March 2018.