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Economic Affairs Secretary Shaktikanta Das

India's banks unlikely to match RBI's rate cut any time soon

A move of that size would have a negligible impact in boosting credit, or in reducing refinancing costs.

8 Feb 2019 3:48 PM IST

New Tamil Nadu Chief Minister O Panneerselvam. (Photo: File)

Delay in release of GST share impinging TN finances: O Panneerselvam

The fiscal deficit as per the budget estimates of 2019-20 was expected to be at Rs 44,176.36 crore.

8 Feb 2019 2:33 PM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

No new taxes in Tamil Nadu budget for 2019-20

The government proposed a revenue deficit estimated at around Rs 14,300 crore.

8 Feb 2019 2:16 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Only 1.5 lakh persons declared income above Rs 1 crore

Above 1.5 lakh persons have declared their annual income over Rs 1 crore till now during in the assessment year 2018-19:...

8 Feb 2019 12:52 PM IST

Railway Minister Piyush Goyal.

Govt to provide more funds for Ayushman Bharat next year: Goyal

The interim Budget presented last week has raised the allocation for Ayushman Bharat scheme to Rs 6,400 crore for...

8 Feb 2019 11:54 AM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

RBI to cut rates again before elections, but no more: report

RBI unexpectedly reduced interest rates by 25 basis points - showed the central bank will make the same move next...

8 Feb 2019 11:47 AM IST

Economic Affairs Secretary Shaktikanta Das

It's govt right to demand interim dividend and use it the way its...

Payment of surplus or interim dividend to the government is a part of the RBI Act, says RBI Governor.

7 Feb 2019 4:45 PM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

RBI to issue guidelines for harmonisation of NBFCs by month end

The guidelines for harmonisation of NBFCs would be issued by the end of this month.

7 Feb 2019 3:52 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

RBI rate cut to boost growth, make loan affordable: Piyush Goyal

RBI has reduced repo rate by 0.25 per cent to 6.25 per cent.

7 Feb 2019 3:18 PM IST

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.

Single deposit of Rs 2 crore, more to qualify as 'bulk deposit', says...

Interest rate on bulk deposits are marginally higher than smaller-amount fixed deposits for similar maturity period.

7 Feb 2019 2:07 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to ensure adequate liquidity to all sectors

Total durable liquidity injected through open market operations has reached Rs 2.36 lakh crore.

7 Feb 2019 1:25 PM IST

Can farmers discontent be amended with two months left for the Lok Sabha elections?

RBI raises collateral-free farm loan limit to Rs 1.6 lakh

Currently, the banks are mandated to extend collateral-free agricultural loans up to Rs 1 lakh.

7 Feb 2019 12:51 PM IST