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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

7th Pay Commission allowances to bump up inflation temporarily

Reserve Bank is expected to cut repo rate by 25 bps in its August meeting.

2 July 2017 12:19 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

FPI inflows hit 3 month high of Rs 29,000 cr in June

The latest inflow comes following a net infusion of over Rs 1.33 lakh crore in the previous four months.

2 July 2017 11:47 AM IST

The demonetisation move is expected to disrupt economic activity in the short term.

Demonetisation to drag down FY18 GDP growth at 5.8%

As a response to the slowing GDP growth, we expect the RBI to consider rate cuts of 25-50 bps over 2HFY17 itself.

18 Nov 2016 3:33 PM IST

(Representational image)

Poor investment cranks up the pressure for India

India is also facing the ripple impact of global stagnation and thus a moderation in the growth trajectory of the Indian...

17 Nov 2016 12:51 AM IST

Alleging that the information had been leaked to BJP units and friends of BJP, a number of opposition parties demanded a Joint Parliamentary Committee probe into it. (Representational Image)

Winter Session, Day 1: Demonetisation plan leaked, says Oppn; seeks...

The government rejected baseless charge of opposition that there was 'leakage' of the November 8 decision.

16 Nov 2016 8:45 PM IST

The court warned that power supply will be cut off to these industrial units if there is no compliance in this regard.

Industrial output growth slipped to 2.7 pc in March

As per the data based on the new base year, the manufacturing sector output slowed to 1.2 per cent in March.

12 May 2017 7:10 PM IST

Indias forex reserves have shot up considerably.

Forex reserves at life-time peak of USD 375.71 bn

Country's reserve position with the Fund, too, declined by USD 58.4 million to USD 2.288 billion.

12 May 2017 7:07 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India will clock over 7.5 pc growth in 2017-18: Finance Secretary

International Monetary Fund last month projected India's growth at 7.2 per cent in the fiscal 2017-18.

12 May 2017 12:35 PM IST

WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.

April CPI inflation to slip to 3.2 per cent: BofA-ML

Retail inflation jumped to a five-month high of 3.81 per cent in March.

12 May 2017 12:34 PM IST

Gas station attendants check 500 and 1000 rupee notes in New Delhi. (Photo: AP)

Note ban: Govt didn't plan properly

Hospitals and medical shops are not accepting the old currency notes and the latter are often shutting down before their...

15 Nov 2016 6:55 AM IST

Chief Economic Advisor Arvind Subramanian

Rating agencies inconsistent in their treatment of China, India

S&P Global Ratings keeping China at AA- despite rising debt while India has been kept at just one step above junk.

11 May 2017 3:35 PM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

'Easing crude prices good for India's inflation, GDP growth'

Global GDP growth was 5 per cent (average) and India's average growth was at 8.6 per cent.

11 May 2017 1:45 PM IST