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ECONOMY

RBI's monetary policy | Top 10 highlights: '19 bn pieces of denominations supplied to public between Nov 10 and Dec 5'

Reserve Bank of India kept the repo rate unchanged at 6.25 percent in its latest monetary policy review meeting on Wednesday

News Nation Bureau | Dec 07, 2016 04:08 PM

Monetary policy: RBI keeps repo rate unchanged at 6.25%, lowers GDP growth estimate to 7.1%

India's central bank, Reserve Bank of India kept its policy repo rate unchanged at 6.25 percent on Wednesday

News Nation Bureau | Dec 07, 2016 03:28 PM

Govt seeks Lok Sabha’s approval for Rs 59970 crore extra spending

Presenting a statement showing the supplementary Demands for Grants in the House, Finance Minister Arun Jaitley said of the total of Rs 59,978.29 crore, the net cash outgo would aggregate to Rs...

PTI | Dec 07, 2016 02:45 PM

Monetary policy review: Know why RBI might go for 25 bps rate cut?

To ignite the growth engine currently impacted by demonetisation move, RBI may go for a rate cut.

Apoorva Nawaz | Dec 07, 2016 01:15 PM

PMI drops sharply post demonetisation; lowest in 16 months

The Nikkei India PMI, which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October.

PTI | Dec 05, 2016 11:50 AM

RBI to issue new Rs 50 and Rs 20 notes, old currency notes continue to be legal tender

The Reserve bank of India will soon issue new Rs 20 and Rs 50 notes in the Mahatma Gandhi series-2005.

News Nation Bureau | Dec 05, 2016 12:15 AM

Reserve Bank of India to come out with monetary policy review on Wednesday

The Reserve Bank will come out with monetary policy review, the first after demonetisation of old Rs 500/1000 notes, on Wednesday amid expectations of interest rate cut.

PTI | Dec 03, 2016 10:18 AM

GST roll-out by Sept 2017 is constitutional compulsion, says Arun Jaitley

Finance Minister Arun Jaitley on Friday said that the Goods and Services Tax has to be effective next year as the existing indirect taxes will come to an end by then and it would not be possible to...

PTI | Dec 02, 2016 08:52 PM

Ancestral jewellery, gold purchased out of disclosed income exempted from tax: Finance Ministry

During search operations, conducted by I-T Department, there would be no seizure of gold jewellery and ornaments that are of 500 grams per married women, 250 gm per unmarried women as also 100 gm per...

PTI | Dec 01, 2016 09:11 PM

RBI issues final guidelines on banks' exposure to large companies

The RBI said that banks' tatal advances to a single company cannot be higher than 20% of its capital base.

PTI | Dec 01, 2016 08:58 PM

PAC to hold meet with RBI Guv and other top FinMin officials to review economy

Public Accounts Committee (PAC) on Thursday decided to call RBI Governor and top Finance Ministry officials next month.

PTI | Dec 01, 2016 05:17 PM

India's GDP growth stays healthy at 7.3% in Q2, but rating agencies predict bleak outlook post demonetisation

GDP at base year 2011-12 prices in second quarter of 2016-17 is estimated at Rs 29.63 lakh crore, as against Rs27.62 lakh crore in Q2 of 2015-16,

News Nation Bureau | Dec 01, 2016 12:07 AM

RBI's 100% CRR on deposits will put monthly burden of Rs 1,050 crore on banks

Excess CRR requirement will additionally cost the banking system Rs 1,050 crore on a monthly basis," India Ratings and Research said

PTI | Nov 30, 2016 10:30 PM

Petrol price hiked by 13 paise; diesel rates cut by 12 paise per litre

Oil companies on Wednesday increased price by Rs 0.13 per litre whereas diesel rate was cut by 12 paise per litre. Revised rates will take effect from midnight.

News Nation Bureau | Nov 30, 2016 07:23 PM

Gross NPAs of publicsector banks rise Rs 80,000cr in Jul-Sept quarter

Public banks have seen nearly Rs 80,000 crore increase in gross non-performing assets (NPAs) in the three months ended September 2016.

PTI | Nov 29, 2016 07:16 PM