Tag: Reserve Bank of India

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…]

GST to reduce tax burden: Urjit Patel

On Thursday, the Reserve Bank Governor Urjit Patel said that to be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term. “The prudent point is that GST itself[Read More…]

RBI to set up panel to review its economic capital framework

RBI to issue new ₹5 and ₹10 coins

The Reserve Bank of India is soon to issue new Rs 10 and Rs 5 coins to honor the 125th year of National Archives of India. In order to celebrate the 150th anniversary of Allahabad High Court, the central bank will put new Rs 5 coins into circulation. As per[Read More…]

Populist nationalism is divisive, damages financial growth, says ex RBI governor Raghuram Rajan

Raghuram Rajan resumes academic role at University of Chicago

Former Reserve Bank of India (RBI) governor Raghuram Rajan has resumed his role as “Distinguished Service Professor of Finance” at the University of Chicago Booth School of Business and will teach international corporate finance there in the winter of 2017. Giving details of Rajan’s course schedule for 2016-17, Chicago Booth[Read More…]

CEA Arvind Subramanian is Swamy’s new target

After getting his way with Reserve Bank of India governor Raghuram Rajan, BJP leader Subramanian Swamy is going after chief economic advisor Arvind Subramanian. “Sack him!!!” read his tweet this morning. Who said to US Cong on 13/3/13 the US should act against India to defend US Pharmaceuticals interests? Arvind[Read More…]

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