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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

Aruna Sundararajan

Committees set up to address telcos' concerns: Telecom Secretary

The telecom secretary said that most of the issues were expected to be resolved in a year.

31 Oct 2018 11:12 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI governor may consider resigning after rift with govt: report

The RBI was not immediately available for comment.

31 Oct 2018 10:33 AM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Arun Jaitley hits back at RBI over bad loan pile up

Jaitley comments on Tuesday comes a day after indication by the finance ministry that it didn't want to escalate tiff...

31 Oct 2018 12:51 AM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi asks suspected shell cos to cooperate in forensic audits

Shell companies are dubious entities that are mainly used for illegal money laundering.

30 Oct 2018 3:01 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

Arun Jaitley criticises RBI for indiscriminate lending by banks

The central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014, says Jaitley.

30 Oct 2018 1:08 PM IST

Mukesh Ambani also revealed that post Jios launch in India, the country ranks number one in the world in mobile data consumption. (Photo: ANI)

India on way to becoming 3rd richest country: Mukesh Ambani

Ambani said India needs to prepare itself for a period of information and digital abundance.

30 Oct 2018 12:24 PM IST

Petrol pump employees at a fuel station during a strike called by Delhi Petrol Dealers Association for reduction in VAT in New Delhi. (Photo: Bunny smith)

Fuel prices witness downward trend on Tuesday

Petrol and diesel now being sold at Rs 79.55 and Rs 73.78 per litre in the national capital.

30 Oct 2018 11:34 AM IST

PM Modi has set an ambitious target of nearly tripling the countrys total renewable energy capacity to 175 gigawatt (GW) by 2022, spurring global firms including Japans SoftBank and Goldman Sachs to invest in solar projects in India. (Photo: PTI | Representational)

Viability of solar projects in doubt

The ratings agency said that in turn, will compress the debt servicing cushion available for these solar projects.

30 Oct 2018 12:13 AM IST

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

RBI allows banks for fire audit of currency chests by approved...

Banks maintaining currency chests are required to get fire audit done once in a two years.

29 Oct 2018 4:36 PM IST

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

RBI employees association seek central bank's autonomy: Viral Acharya

Govts that do not respect central bank's independence would sooner or later incur the wrath of the financial markets.

29 Oct 2018 2:27 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Petrol price plunges below Rs 80 in Delhi

In Mumbai, the fuel prices witnessed a marginal decline with petrol now being sold at Rs 85.24 per litre.

29 Oct 2018 12:31 PM IST