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Prime Minister Narendra Modi. (Photo: Twitter | ANI)

Why PM Modi wants to increase control over the RBI

Govt has made repeated calls for RBI to hand over more money from the RBI's reserves to help fund its fiscal deficit.

2 Nov 2018 10:42 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Financial situation fragile, feels Finance Ministry

Govt fears default by NBFCs and HFCs if liquidity crunch is not eased immediately.

2 Nov 2018 10:31 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST collection hits Rs 1L-cr in October after 5 months

This will be a relief to the government which is struggling to stick to the fiscal deficit target.

2 Nov 2018 1:31 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

India to win US waiver for oil

Sources, however, said no final decision has been made and an announcement is likely just before sanctions on Iran are...

2 Nov 2018 1:31 AM IST

President Donald Trump

No US sops for 50 Indian goods

Donald Trump issued a presidential proclamation on Tuesday, leading to the removal of these products from the privilege...

2 Nov 2018 1:31 AM IST

The selected airline is expected to start operations from November 2018 onwards, a spokesman of the Civil Aviation Department said here.

CCI probing alleged fixing of airfares, looking at algorithms used by...

The cases pertain to steep fluctuations in airfares during the Jat agitation in Haryana and floods in Chennai.

1 Nov 2018 6:08 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

India will pay in rupees for Iran oil post-US sanctions

The Reserve Bank of India (RBI) has given its nod to Iranian Bank Pasargad to set up a branch in Mumbai.

1 Nov 2018 10:48 AM IST

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

Use caution or brace for slowdown: Experts

The clause empowers the central government to order the RBI to take specific action on the issues that it considers to...

1 Nov 2018 12:55 AM IST

According to the last World Bank report 2017, Indias ranking improved by just one notch to 130 from a revised rank of 131 previous year.

India jumps 23 spots in ease of doing business rankings

In its comment on the rankings, World Bank said India earned the credentials of being a top global improver for 2nd...

1 Nov 2018 12:55 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Autonomy of RBI essential, nurtured by govt: Finance Ministry

The government of India has never made public the subject matter of those consultations.

31 Oct 2018 1:33 PM IST

Congress leader P Chidambaram on Friday criticised the Election Commission saying that by not announcing the Gujarat poll schedule, it has authorised Prime Minister Narendra Modi to declare the dates at his last rally, after all freebies for the state were doled out. (Photo: PTI)

Chidambaram slams Centre for reportedly referring to never-used clause...

Govt has invoked Section 7 of the RBI Act and issued unprecedented 'directions' to the RBI.

31 Oct 2018 1:01 PM IST

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

Govt cites never-used powers for resolving issues with RBI

Government wants RBI to carve out exemption for power companies under the PCA framework.

31 Oct 2018 12:29 PM IST