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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.

RBI can transfer Rs 1 trillion of excess reserves to govt: report

The government for the second year in a row has pegged fiscal deficit at 3.3 per cent of GDP this fiscal year.

26 Nov 2018 4:12 PM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Dip in revenues may widen fiscal gap to 3.5 per cent in FY19: report

Total revenues and expenditure of the govt, will come at Rs 6.67 lakh cr as against the budgeted Rs 6.24 lakh cr.

26 Nov 2018 2:16 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

Government does not need RBI funds yet: Arun jaitley

RBI to aid small businesses and give bankers more time to step up capital norms to encourage lending and stimulate the...

24 Nov 2018 1:32 PM IST

The NDA/BJP government is looking increasingly cornered on every governance paradigm. However, its weakest link is the gross mismanagement of the Indian economy. (Representational image)

India slides to 7th largest GDP

Close behind France is India, the seventh largest economy worth $2.69 trillion, which is just $100 billion less than...

24 Nov 2018 1:02 AM IST

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

RBI likely to maintain status quo on policy rates: report

Government's new procurement policy will support prices of agricultural produce going ahead.

23 Nov 2018 4:05 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Rs 29,088 crore indirect tax evasion detected during April-Oct

The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore.

21 Nov 2018 3:36 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

FPIs continue sell-off, pull out USD 900 mn in Sept quarter

FPIs adopted a cautious stance towards India and other emerging markets from the start of the quarter.

21 Nov 2018 2:34 PM IST

Reserve Bank of India

RBI moves to boost lending by Rs 3 lakh crore

Help to reduce Rs 35,000cr burden on public sector banks.

21 Nov 2018 5:05 AM IST

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

Expert committee to examine ECF of RBI soon, say sources

The membership and terms of reference of the panel will be jointly determined by the govt and the RBI.

20 Nov 2018 3:46 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI decision to extend timeline for banks to meet capital norms...

The RBI board decided to retain the capital adequacy requirement for banks at 9 per cent.

20 Nov 2018 12:08 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Showdown averted, RBI agrees to ease liquidity at board meet

Nine-hour-long marathon meeting ends on a cordial note'.

20 Nov 2018 10:10 AM IST

PM Narendra Modi launches Ayushman Bharat scheme in Ranchi. (Photo: PTI )

PM Modi to meet India Inc on ease of doing business today

India's rank rose 23 places to the 77th spot in the Doing Business' rankings released on October 31.

19 Nov 2018 10:17 AM IST