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

India to hold top spot for economic growth but oil poses risk: reports

India's economy has started to recover after a slowdown caused by a ban on high-value currency notes in November 2016.

25 July 2018 9:50 AM IST

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

RBI has broad powers to address banking issues'

Powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks.

25 July 2018 8:46 AM IST

Reserve Bank of India (RBI) deputy governor R Gandhi.

Ex-RBI deputy governor cautions against frequent loan waivers

Post-reforms all govts ruled by various parties had never reversed their steps to strengthen country's economy, says R...

20 July 2018 9:11 AM IST

The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

RBI to issue Rs 100 note in new design

he note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

20 July 2018 5:25 AM IST

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

RBI must set a new path for India's troubled banks

The banks had little choice but the concede the growing demands for such write-offs due to political reasons.

19 July 2018 6:26 AM IST

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

WPI inflation rises to 4-year high of 5.77 per cent

Even core inflation has shown sustained rise: Expert

17 July 2018 1:22 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI likely to raise interest rates in August: DBS

MPC will begin its three-day meeting on July 30 and announce its decision on the third bi-monthly policy.

13 July 2018 3:17 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

States fail to meet fiscal targets for third year: RBI

Decline in states' tax revenues is essentially associated with pending accounting issues related to GST implementation.

13 July 2018 9:06 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel Payments Bank gets RBI, UIDAI nod to resume taking new...

The company had denied any wrong doing and streamlined its processes to comply with the regulations.

12 July 2018 12:49 PM IST

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

India proposes easing local data storage rules for foreign payment...

RBI would compel global payment firms to store customer data only locally.

12 July 2018 8:55 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Act firmly to clean banks

Some politicians think banks are their piggy banks to be used to further their own agenda.

5 July 2018 12:17 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM IST