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  Business   Economy  02 Aug 2017

Business, Economy, 02 Aug 2017

Rate cut to boost private investment: Urjit Patel

The 0.25 per cent lowering of the repo rate to 6 per cent comes after a 10-month pause.

02 Aug 2017 7:21 PM

RBI proposes Rs 5,000 cr separate IRF investment window for FPIs

FPI limit for govt securities is fungible between investments in securities and investment in bond futures.

02 Aug 2017 6:57 PM

'RBI rate cut to boost housing sales this festive season'

Reduction in Repo rate will push the banks to further reduce the lending rates.

02 Aug 2017 6:20 PM

Repo rate cut was expected and is a 'good move', says Deepak Parekh

RBI cut the key policy rate by 0.25 per cent to 6 per cent, citing reduction in upside risk to inflation.

02 Aug 2017 5:39 PM

'111.45 crore digital payments were made in May 2017'

In February number dipped to 101.18 crore but surged to 119.07 crore in the following month.

02 Aug 2017 5:30 PM


Farm loan waivers may lead to fiscal slippages, says RBI

RBI said that farm loan waivers are likely to compel a cutback on capital expenditure.

02 Aug 2017 5:26 PM

Approved three proposals for FDI in food retail: Sitharaman

Govt granted these permissions for 100 per cent foreign direct investment for retail trading of food products.

02 Aug 2017 5:21 PM

Knitwear exporters hit by GST ask banks for repo rate cut benefits

The association in Tirupur has already represented to all banks for enhancement of limit to ease the working capital blockage.

02 Aug 2017 5:10 PM

RBI to keep retail inflation near 4 pc on 'durable basis'

Retail inflation may rise in near term due to pay commission payouts and price adjustments post GST rollout.

02 Aug 2017 4:56 PM

RBI rate cut important step for sustained growth: Finance Ministry

Monetary policy statement was arrived after a two- day meeting of the MPC headed by RBI Governor Urjit Patel.

02 Aug 2017 4:36 PM


Govt considers making Aadhaar compulsory for property registration

This move will help the government crack down on benami property deals.

02 Aug 2017 3:37 PM

RBI cuts key rate by 0.25 per cent; to lower home, auto EMIs

This is the first rate cut since October 2016 and the interest rate is now at 6-year low.

02 Aug 2017 3:01 PM

Loans to get cheaper as RBI slashes repo rate by 25 bps to 6 per cent

In its June review meet, the MPC had held the repo rate citing the risk of fiscal slippages.

02 Aug 2017 2:29 PM

RBI's monetary policy: Five things to keep an eye on at MPC meet

Experts predict a 25 bps cut in repo rate in the Monetary Policy Committee's review meet on Wednesday.

02 Aug 2017 12:10 PM

Fake PANs detected, over 11.44 lakh PANs deactivated: Gangwar

One PAN for one person is the guiding principle for allotment of PAN, said Santosh Kumar Gangwar .

02 Aug 2017 10:53 AM


MPC meet today: RBI likely to slash repo rate by 25 bps

Proponents of more rate cuts argue these would make loans cheaper and help companies refinance their debt.

02 Aug 2017 10:22 AM

GST Council to decide on anti-profiteering mechanism on August 5: Jaitley

Jaitley said it would be mandatory for manufacturers to pass on GST benefits to consumers.

02 Aug 2017 10:01 AM

RBI counting scrapped notes, will give figure of fake notes soon: FinMin

On November 8, 2016, the government had scrapped high denomination currency notes of Rs 500 and Rs 1,000.

02 Aug 2017 9:40 AM