Paying tribute to the former Prime Minister Atal Bihari Vajpayee, the Reserve Bank of India (RBI) is all set to release new Rs 100 coin with an image of him imprinted on one side of the coin. As per the official statement, the special coin will weight 35 grams. The[Read More…]
Tag: The Reserve Bank of India
RBI to set up panel to review its economic capital framework
Mumbai: The RBI board on Monday decided to form an expert committee to examine the economic capital framework of the central bank, which will decide the amount of reserves it can maintain, handing over the balance to the government. The board also considered other issues related to the liquidity crunch[Read More…]
RBI to pump liquidity worth Rs 12,000 cr on Nov 15
Mumbai: The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]
What is Masala Bond? How can it help the falling rupee?
In a meeting chaired by Prime Minister Narendra Modi on Friday, Finance Minister Arun Jaitley said that the government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices. Addressing the media after attending a meeting to[Read More…]
Raghuram Rajan responsible for India’s declining economy: Niti Aayog VC Rajiv Kumar
Niti Aayog Vice Chairman blamed former RBI governor Raghuram Rajan for the drastic slowdown of Indian economy. Rajiv Kumar said that “his policies led to industries not receiving credits from banks.” Days after the GDP growth rate for the first quarter of 2018-19 was pegged at the highest in three[Read More…]
Reserve Bank of India cuts down interest rate to 6%
The Reserve Bank of India (RBI) has reduced the key policy rate or the repo rate by 25 Basis Points (bps) to 6% in its third monetary policy review on Wednesday, as retail inflation softened. This is the second rate cut by the Monetary Policy Committee (MPC) since its inception in[Read More…]