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  Business   Economy  04 Oct 2017

Business, Economy, 04 Oct 2017

Sebi hikes FPI investment limit for govt debt; move to boost foreign fund inflow

Earlier, the limit for foreign portfolio investors (FPIs) was about Rs 1,87,700 crore.

04 Oct 2017 8:51 PM

Process of economic reforms 'incomplete', new approach needed: Manmohan

Singh said economic reforms should be above all the process of opening of new opportunities for people born without privileges.

04 Oct 2017 8:37 PM

RBI urges banks to be sensitive to senior citizen, differently-abled people

The Reserve Bank of India also permitted co-operative banks to open current accounts.

04 Oct 2017 8:26 PM

Jaitley urges states to slash VAT on petrol, diesel to counter price rise

Petrol price rose by Rs 7.8 since early July to reach over three-year high of Rs 70.88 a litre in Delhi.

04 Oct 2017 8:16 PM

Modi accepts decline in growth rate, says govt committed to reversing fall

He went on to say that after demonetisation, the cash to GDP ratio came down to 9 percent, from 12 per cent in November 8, 2016.

04 Oct 2017 7:51 PM


RBI repo rate status quo, lower growth forecast noted, says Finance Ministry

The ministry, however, welcomed the initiative with regard to Peer to Peer (P2P) NBFC financing regulation.

04 Oct 2017 7:05 PM

New foreign portfolio investment norms from April: RBI

New norms will facilitate process of investment and hedging by Foreign Portfolio Investors.

04 Oct 2017 6:41 PM

Jet Airways launches 2 non-stop flights from Bengaluru to Amsterdam

Jet Airways CEO Vinay Dube said there there was a demand from people of Bengaluru for direct connectivity to Europe.

04 Oct 2017 6:39 PM

RBI should have cut interest rate to boost growth: India Inc

Industry argues rate cut would have propelled demand as interest rates remain unduly high.

04 Oct 2017 6:14 PM

RBI mulls transparent foreign exchange trading platform

Such a mechanism will provide transparency while enhancing competition and lead to better pricing for customers, it said.

04 Oct 2017 5:38 PM


Stimulus, farm loan waiver to push up fiscal deficit by 1 per cent: RBI

Central bank in its October policy statement says inflation will go up by 0.50 per cent on such measures.

04 Oct 2017 5:27 PM

Dharmendra Pradhan urges states to cut VAT on fuel by 5 per cent

He also went on to say that states are the ultimate beneficiaries of tax collection on petrol and diesel.

04 Oct 2017 5:24 PM

GST roll out left short-term prospects uncertain, delayed investment: Urjit Patel

The Reserve Bank of India Governor Urjit Patel on Wednesday also kpet the repo rate unchanged at 6 per cent.

04 Oct 2017 4:44 PM

RBI comes down heavily on MCLR, moots external benchmark

The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans.

04 Oct 2017 4:24 PM

RBI on GST: Adverse impact on mfg, may delay investment revival

RBI forecast economic growth to slow to 6.7 per cent in current fiscal, from 7.3 per cent projected earlier.

04 Oct 2017 4:11 PM


Here's what experts have to say about RBI's monetary policy decision

Despite a slowing economic growth, RBI on Wednesday kept the repo rate unchanged at 6 per cent.

04 Oct 2017 3:53 PM

RBI slashes SLR by 50 bps, India's bonds plummet

The RBI said it would reduce banks’ statutory liquidity ratio by 50 bps to 19.5 percent from the fortnight starting October 14.

04 Oct 2017 3:37 PM

RBI maintains status quo; cuts growth forecast to 6.7 per cent in FY18

RBI is mandated to keep the headline inflation, which accelerated to 3.36 per cent for August, in the 4-6 per cent band.

04 Oct 2017 3:04 PM

RBI keeps repo rate unchanged at 7-year-low of 6 pc amid inflation concerns

This was fourth bi-monthly policy review of 2017-18 by RBI's Monetary Policy Committee.

04 Oct 2017 2:40 PM

Petrol price down Rs 2.5 a litre, diesel by Rs 2.25

On petrol, excise has been cut to Rs 19.48 per litre from Rs 21.48 per litre and on diesel to Rs 15.33 a litre from Rs 17.33 previously.

04 Oct 2017 2:04 PM