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The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI keeps repo rate unchanged at 6 per cent for 3rd straight time

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Tuesday.

7 Feb 2018 2:45 PM IST

The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Govt expects to finalise roadmap for MSME bad loans by March

Online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks.

7 Feb 2018 11:52 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI expected to keep rates on hold for now

Economy is expected to grow only 6.7 per cent in the current fiscal year slowest pace in about three years.

7 Feb 2018 10:32 AM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

No 25 per cent tax for big firms soon, hints Arun Jaitley

Jaitley also said the states are not in favour of including petrol and diesel into GST at the moment.

6 Feb 2018 5:37 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI likely to keep interest rate on hold for 3rd time in a row

RBI had reduced benchmark lending rate by 0.25 percentage points to 6 pc in August, bringing it to a 6-year low.

5 Feb 2018 5:19 PM IST

The government has decided to increase the New Fund Offer (NFO) size of Bharat 22 ETF from Rs 8,000 crore to Rs 14,500 crore. (Photo: PTI/Representational)

Rs 51600 crore released to states under MGNREGA in 2017-18: Govt

Under MGNREGA, wage seekers are entitled to receive compensation at the rate of 0.05 per cent of the unpaid wages per...

5 Feb 2018 4:42 PM IST

CBDT Chief Sushil Chandra. (Photo: PTI)

Don't misuse I-T laws, tax rates already low: CBDT to industry

In 2018-19 Budget, Jaitley proposed to lower corporate tax rate to 25 pc for businesses with turnover of up to Rs 250...

5 Feb 2018 4:09 PM IST

Revenue Secretary Hasmukh Adhia. (Photo: File)

Unevenness in taxes paid by salaried class, business people: Adhia

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh...

5 Feb 2018 2:55 PM IST

Indian Railways had introduced the refrigerated van service with an aim to facilitate the transportation of perishable commodities.

Stronger orders drive January services growth to three-month high: PMI

Overall performance of the service sector remained weaker than the long-run growth trend.

5 Feb 2018 12:09 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI need not react to bond yields, MSP for interest rate review:...

MSP for farmers and refrain from going in for any hike in benchmark policy lending rates when MPC meets on Feb 7.

5 Feb 2018 11:00 AM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Assocham suggests RBI should not hike interest rates in next monetary...

The Reserve Bank of India is scheduled to announce its sixth bi-monthly monetary policy statement for 2017-18 on...

4 Feb 2018 3:05 PM IST

India has been the worlds fastest growing major economy over the past two years.

Double-digit difficult for India, but 8 pc economic growth possible by...

The Economic Affairs Secretary said that a ten per cent growth rate is not a realistic estimate, but 8 per cent plus is...

4 Feb 2018 2:12 PM IST