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Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI dumps GVA model, switches back to GDP to meaure economy

Government had started analysing growth estimates using GVA methodology from January 2015.

5 April 2018 5:49 PM IST

The Reserve Bank on Thursday lowered retail inflation target for the first half of current fiscal to 4.7-5.1 per cent on sharp moderation in food price rise and likelihood of a normal monsoon.

RBI lowers inflation target for first half of FY19 to 4.7-5.1 pc

RBI had projected inflation in the 5.1-5.6 per cent range in the first half of 2018-19.

5 April 2018 3:35 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

RBI maintains status quo; keeps repo rate unchanged at 6 per cent

The Reserve Bank of India on Thursday kept the key policy rate unchanged.

5 April 2018 3:09 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI keeps key policy rate unchanged at 6 per cent

Growth has been recovering and output gap is closing.

5 April 2018 2:45 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.

Central Board of Direct Taxes amends Section 16 of Income Tax Act

The pension received by a taxpayer from his former employer is taxable under the head 'Salaries'.

5 April 2018 2:37 PM IST

The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.

State-run bank shares rally after RBI eases bankruptcy provision needs

The banks will need to achieve 50 per cent provision cover for those loans by end-June.

5 April 2018 12:23 PM IST

Banks stare at $38bn new NPAs

Banks stare at $38bn new NPAs

Report says $53bn out of $178bn loans to the power sector are already stressed.

5 April 2018 4:51 AM IST

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

Markets tank as US, China reignite trade tussle, RBI policy eyed

Benchmark Sensex slumped more than 350 points on Wednesday

4 April 2018 6:20 PM IST

Senior officials of India and European Union (EU) will meet in Brussels next week.

India-EU FTA: Officials to meet in Brussels next week

A lot of things have changed since 2013 and now the time is right to resume the talks, the official added.

4 April 2018 6:05 PM IST

Rich nations want WTO members to discuss and agree on new issues such as labour, e-commerce, environment and sustainable goods and government procurement.

We won't like environment issues at WTO, says Suresh Prabhu

India on Wednesday said it is against taking up environment issues at the World Trade Organisation.

4 April 2018 5:10 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

Over 17 lakh e-way bills generated in 3 days, says official

Data retrieved from e-way bills would also support the government build analytics around tax collections.

4 April 2018 4:44 PM IST

Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now has time till April 30 to complete the process, the finance ministry said on Wednesday.

Taxpayers can complete filing transitional credit form by April 30

GSTN, central and state governments would appoint nodal officers in requisite number.

4 April 2018 4:19 PM IST