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Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Jaitley likely to address Sebi, RBI boards on Feb 10

Finance Ministry to do away with securities transaction tax and abolish dividend tax for growth of capital markets.

22 Jan 2018 9:56 AM IST

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

Mauritius largest source of FDI in India, says RBI

Ratio of market values of inward to outward direct investment, increased to 4.3 in March 2017 from 3.6 a year ago.

20 Jan 2018 11:46 AM IST

Indias forex reserves have shot up considerably.

Forex reserves at new record high of USD 413.825 billion

The country's reserve position with the Fund also increased by USD 9.3 million to USD 2.048 billion.

20 Jan 2018 10:46 AM IST

Rs 10 coins (Photo: PTI)

All 14 types of Rs 10 coin valid, legal tender: RBI

RBI has also asked banks to accept coins for transactions and exchange at all their branches.

17 Jan 2018 3:27 PM 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)

Bonds fall after RBI deputy says banks face high interest rate risk

Benchmark 10-year bond yield was at 7.54 per cent, up 10 basis points on the day.

16 Jan 2018 12:39 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

'Govt may not alter fiscal consolidation targets in budget'

Govt will try to get fiscal deficit number down to 3.4 per cent as against consensus estimate of 3.5 per cent.

15 Jan 2018 4:14 PM IST

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

Govt to invite fresh applications for RBI deputy governor post

Appointment will be made for a period of three years and the person will be eligible for reappointment.

15 Jan 2018 12:19 PM IST

Wholesale inflation in the month of October soared to 3.59 per cent on the back of food and fuel prices. (Photo: PTI)

High food prices push India's retail inflation to 17-month high of 5.2...

According to Ministry of Statistics, the measure of consumer price inflation, the CPI index, rose 5.21 per cent in Dec...

12 Jan 2018 7:06 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

Indian retail inflation likely hit a 17-month high in December

Wholesale price index likely rose marginally to 4.00 per cent in December from November's 3.93 per cent.

11 Jan 2018 12:56 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

Financial bids for all 12 large NPA accounts by month-end: SBI

SBI is the lead banker in 6 out of 12 large NPAs with total outstanding loan of Rs 1.75 lakh crore.

10 Jan 2018 5:46 PM IST

RBI has already printed around 1 billion pieces of the new Rs 10 note with chocolate brown colour. (Photo: ANI)

RBI to issue new Rs 10 notes in chocolate brown colour

All the banknotes in the denomination of Rs 10 issued by RBI in the earlier series will continue to be legal tender.

5 Jan 2018 5:31 PM 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 puts Allahabad Bank under prompt corrective action

Central bank has so far ordered corrective action for about 10 lenders, mostly due to their high bad loan ratios.

4 Jan 2018 11:14 AM IST