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Former Reserve Bank of India governor Bimal Jalan

Jalan panel for review of economic capital framework in every 5 years

RBI's central board approved the transfer of record Rs 1.76 lakh cr dividend and surplus reserves to the govt.

28 Aug 2019 9:37 AM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Government weighing options on using RBI payout

The government is also expected to announce more measures this week to support economic growth.

28 Aug 2019 2:41 AM IST

The Government is in a position to intimidate any authority, any institution and here there is obliging, pliant RBI Governor who has done what none of his predecessors was willing to do, said Sharma but without naming Shaktikanta Das. (Photo: ANI)

Congress slams RBI Governor Shaktikanta Das, terms him as pliant

He said the decision of RBI was 'a confirmation of what the party had been forewarning about the state of the economy.'

27 Aug 2019 9:19 PM IST

AIMIM chief Asaduddin Owaisi speaking to reporters in Hyderabad. (Photo: ANI)

It's wrong on part of RBI to transfer surplus funds to Centre:...

'This is a new method by the Narendra Modi government to finance the fiscal deficit which is ingenious and wrong,' he...

27 Aug 2019 8:47 PM IST

Whatever be the size- small, medium, micro, nano or large entrepreneurs of this country, we want them to carry on with their business without a worry, she said at the beginning of the address. (Photo: ANI)

Want entrepreneurs to carry on business without a worry: Finance...

'Any suggestions about credibility of RBI, for me seems a bit outlandish,' she said, talking about Rahul Gandhi's...

27 Aug 2019 6:24 PM IST

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

Windfall from RBI to give govt ammunition to fight slowdown, boost...

The finance ministry has so far not detailed the blueprint of using the surplus from the RBI.

27 Aug 2019 2:25 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

India bonds at three-week high, rupee gains after RBI payout to govt

The surplus transfer has assured investors and markets that there is unlikely to be any fiscal slippage.

27 Aug 2019 2:05 PM IST

According to Jairam Ramesh, in 2003 the Chief Minister of Gujarat, now the Prime Minister had come to Planning Commission (now Niti Aayog) and faced uncomfortable questions on the state of health, education and social development in the state. (Photo: RSTV)

'Fiscal breathing space but at what and whose cost?' asks Jairam...

His tweet comes a day after RBI took the decision in line with the recommendations of the Bimal Jalan Committee.

27 Aug 2019 1:20 PM IST

Congress president Rahul Gandhi at Parliament House on Wednesday. (Photo: Pritam bandyopadhyay)

PM, FM clueless about solving 'self created economic disaster': Rahul

Rahul Gandhi said that the move was akin to stealing a band-aid from the dispensary and sticking it on a gunshot wound.

27 Aug 2019 11:34 AM IST

Indian economy, GDP, slipped to a record low rate in August. (Photo: AP)

Indian economy set for weakest quarter of growth in five years: report

The RBI lowered its outlook for the fiscal year 2019-2020 at its August meeting.

27 Aug 2019 11:07 AM IST

Jan Dhan accounts and distribution of RuPay cards in Maharashtra till November 23, 2016

PM Modi launches RuPay card in UAE

The India-UAE bilateral trade touched almost USD 60 billion in 2018.

24 Aug 2019 2:52 PM IST

Shaktikanta Das

RBI minutes to cap yields; revives expectations for further policy...

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to...

22 Aug 2019 11:55 AM IST