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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Business

RBI tweaks LCR norms to boost liquidity

The decision has been taken with a view to improve the ease of undertaking forex transactions.

4 April 2019 3:02 PM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Business

Gold slumps Rs 80 per 10 gm on weak demand

Gold is trading at Rs 32,670 per 10 gram at the bullion market here due to subdued demand from jewellers.

4 April 2019 2:47 PM IST

$\There is no doubt that an important engine of growth for much faster development of this country will have to come from the urban sector,\ Finance Commission Chairman NK Singh said at an event in Delhi. (Photo: Twitter | @NKSingh_MP)$ Business

Urban sector holds key for double-digit growth: Fin Comm chief NK...

NK Singh said FRBM Committee 2017 has suggested to bring down debt GDP ratio of the country to 60 per cent by 2024-25.

4 April 2019 2:44 PM IST

Economic Affairs Secretary Shaktikanta Das. (Photo: ANI/Twitter)

Business

RBI goes with official data: Shaktikanta Das on data row

Shaktikanta Das told reporters that the RBI goes with the official statistics prepared by the Central Statistics Office.

4 April 2019 2:00 PM IST

Congress chief spokesperson Randeep Surjewala said the Prime Minister should have spoken about the 10 big promises and issues he had talked about earlier. (Photo: Twitter | ANI)

Business

Modi 'promoted' firms of 'capitalist friends' at expense of BSNL,...

Govt-owned BSNL and MTNL have been destroyed, both companies are in debt, Surjewala claimed.

4 April 2019 1:54 PM IST

Once activated, the in-app SOS button generates a trigger alert to OYOs Safety Response Team with the guest, booking, location and emergency contact details.

Business

OYO forms JV with Softbank to launch hotel operations in Japan

OYO Hotels Japan offers various values for owners such as dynamic pricing and reservation systems.

4 April 2019 1:17 PM IST

Economic Affairs Secretary Shaktikanta Das

Business

SC ruling: RBI to come out with fresh circular on resolution of bad...

Supreme Court had on Tuesday quashed RBI circular that pertains to provisions for referring the defaulter to NCLT.

4 April 2019 1:06 PM IST

Business

RBI lowers GDP growth forecast to 7.2 per cent for 2019-20

Higher financial flows to the commercial sector augur well for economic activity, says RBI.

4 April 2019 1:02 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Business

Rate sensitive stocks show mixed trend post RBI policy announcement

The BSE banking index was trading at 33,735.77, down 112.23 points or 0.33 per cent.

4 April 2019 12:49 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Business

Overall credit growth not broadbased, to MSMEs it's muted: Shaktikanta...

Das said the RBI will continue to watch macroeconomic factors and will act timely on the same.

4 April 2019 12:42 PM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

Business

RBI cuts inflation forecast to 2.9-3 pc for H1 FY20

In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the...

4 April 2019 12:38 PM IST

Business

RBI cuts key rate by 25 bps to 6 pc to boost economic activitiy

The Monetary Policy Committee (MPC) also decided to maintain the neutral monetary policy stance.

4 April 2019 11:53 AM IST