Tag: RBI

Modi a pickpocket, Mamata his associate: Yechury

Modi government can’t handle its own appointees: Yechury

New Delhi: Taking a dig at the RBI-government rift that came out in the open, CPI-M General Secretary Sitaram Yechury on Wednesday said the Modi government could not even handle its “own appointees” besides other crucial matters. “As even routine governance falters and slips, the economy slumps further. This government[Read More…]

What is stretching the rift between RBI and government?

What is stretching the rift between RBI and government?

Brewing for over a year, now the rift between RBI and government seems to have reached to the boiling point with an almost complete breakdown in communication. The recent speech by the Deputy Governor of the Reserve Bank of India, Viral Acharya drove further tension in the already strained relationship[Read More…]

RBI consultation to change 25 bps cut norm soon

RBI unlikely to hike rates in rest of FY19: SBI report

Mumbai: The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday. “CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a m-o-m basis, rural food inflation has registered a decline, even[Read More…]

RBI new rules for defective notes refund

RBI new rules for defective notes refund

Reserve Bank of India has introduced new rules for the mutilated notes refund. On Friday RBI issued an advisory to all its branches for the exchange of mutilated/defective notes. As per the new amendments to the Reserve Bank of India (note refund) rules 2009, the public can exchange mutilated notes in Mahatma[Read More…]

Who is RBI director Swaminathan Gurumurthy?

Who is new RBI director Swaminathan Gurumurthy?

Chartered Accountant and RSS idealogue Swaminathan Gurumurthy has been appointed as the new part-time, non-official directors on the central board of Reserve Bank of India. Gurumurthy, who is the co-convenor of RSS affiliate Swadeshi Jagaran Manch had gained recognition from his views on Swadeshi economics. Apart from CA, he is[Read More…]

RBI hikes repo rate making home loan woeful

RBI hikes repo rate making home loan woeful

Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]

New violet-coloured Rs 100 note to arrive soon

New violet-coloured Rs 100 note to arrive soon

The Reserve Bank of India (RBI) is likely to come up with a new 100 Rupee note by the end of August. The new note is presumed to be violet-coloured, light-weighed, smaller than the previous version, bearing the impression of Gujrat’s historic Rani ki Vav (stepwell). The arrival of the[Read More…]

Congress' Randeep Surjewala hits at center for '40 trains losing direction'

RBI survey exposes Modi government: Congress

New Delhi: Quoting RBI figures, the Congress on Sunday said the Modi government has been exposed as 72.8 per cent people said income increased by zero per cent and 79.2 per cent said inflation has crushed them. RBI (Reserve Bank of India) survey exposes Modi government’s ‘Dhol Ki Poll’, Congress[Read More…]

Bankruptcy Code will deepen Indian corporate bond market: Assocham

RBI must ensure safety of proposed cryptocurrency: Assocham

New Delhi: Welcoming the RBI’s move to explore the introduction of an official virtual currency in India, industry chamber Assocham on Sunday cautioned that extreme care is taken to ensure the safety of the data trail that cryptocurrency transactions can leave behind. Placing a ban on all regulated entities, including banks,[Read More…]

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