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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Lending rate cuts key to economic recovery: report

RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks.

22 Sept 2017 2:00 PM IST

Union Finance Minister Arun Jaitley addressing a press conference after a cabinet meeting in New Delhi. (Photo: PTI)

India may pump in Rs 50,000 crore stimulus

India's benchmark 10-year bond rose 2 basis points to 6.68 per cent after Reuters reported on the extra spending plan.

22 Sept 2017 3:06 AM IST

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

India considering USD 7.7 billion stimulus spending in 2017/18:...

On Wednesday, Finance Minister Arun Jaitley said the government was looking for ways to lift economic growth.

21 Sept 2017 6:43 PM IST

Businesses availing trasnitional credit can file GST returns till August 28. Photo: Twitter| @GSTN_IT

30 lakh returns filed so far, GSTN in 'sound state': Pandey

He had said GSTN has accepted up to 85,000 returns per hour on Wednesday.

21 Sept 2017 5:07 PM IST

NPCI has appointed B Sambamurthy as the interim Chairman of the Board. Photo: Bandhan Bank official website.

NPCI appoints B Sambamurthy as interim chairman

He has been the Nominee Director from Reserve Bank of India on the board of NPCI since December 5, 2013.

21 Sept 2017 3:04 PM IST

Union minister Piyush Goyal

Railways looking at ways to speed up electrification process: Piyush...

The move would help in cutting down the diesel expenses on Indian railways amounting to Rs 16,000 crore.

21 Sept 2017 2:41 PM IST

Foodgrains are highly subsidised in India under Food Security Act.

Foodgrain output may drop 2.5 per cent in Kharif season this year

Country had produced a record 138.52 MT in the kharif season of 2016-17 crop year (July-June) on good monsoon rains.

21 Sept 2017 2:15 PM IST

Responding to a question, Jaitley said a proposal to extend the decision to public sector undertakings was under active consideration of the government. (Photo: PTI)

Govt 'proactive' in dealing with GST, benami property, says FM Jaitley

The Centre is also deliberating on divestment of Air India, for which a meeting is being chaired later in the day,...

21 Sept 2017 2:13 PM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

'Part of forex reserves can be used to boost growth'

Forex reserves could be used for funding growth-critical public infrastructure projects and the macro backdrop is also...

21 Sept 2017 2:05 PM IST

A senior citizen shows the indelible ink mark on his finger after he exchanged old notes. (Photo: Rajesh Jadhav)

Centra introduces app for central govt employees track pension...

The app will offer all services meant for pensioners currently available on the Department of Pension and Pensioners'...

21 Sept 2017 1:20 PM IST

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

22 lakh GST returns filed till 6 pm, deadline ends midnight

Nearly 45 lakh businesses had filed returns in July fetching a revenue of Rs 95,000 crore to the exchequer.

21 Sept 2017 9:50 AM IST

Defence Minister Arun Jaitley said the country faced two serious threats one in Jammu & Kashmir and second being problem of Left-Wing Extremism in central India. (Photo: PTI)

Jaitley says no to excise duty cut in petrol, diesel despite rising...

Petroleum Minister Dharmendra Pradhan last week had favoured the inclusion of petrol and diesel under the ambit of GST.

20 Sept 2017 7:03 PM IST