Page 1588 - Economy & Policy News

RBI proposes liquidity enhancing measures for RRBs, directions to come soon

After banks and NBFCs, the Reserve Bank of India (RBI) has now decided to facilitate a more efficient liquidity management in Regional Rural Banks

RBI to introduce digital payment security control directions: Governor Das

RBI Governor Shaktikanta Das said the central bank will be introducing digital payment security control directions for regulated entities

RBI asks banks to retain profit, not make any dividend payment for FY20

In view of the economic shock caused by Covid-19, the Reserve Bank of India asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020

RBI holds rates over inflation, assures ample liquity for stressed sectors

Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based

RTGS to be made available 24X7 in next few days: RBI Governor

RBI said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days

RBI pegs retail inflation at 6.8 percent for the December quarter

The Reserve Bank of India said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the third quarter of the current fiscal

RBI strengthens grievance redress framework of banks for better service

RBI has decided to put in place a comprehensive framework to strengthen and improve the efficacy of the internal grievance redress mechanism of the banks and to provide better customer service

Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI

The Reserve Bank of India revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent

RBI's move to keep key interest rates steady was expected, experts say

The Reserve Bank of India kept key interest rates steady as widely expected amid persistently high inflation, and after a better-than-expected reading on economic growth

RBI policy: Clearly more sanguine on growth, but cautious on inflation

The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

The RBI MPC voted unanimously to keep the key policy rate unchanged

Private health care providers gear up for Covid-19 vaccination drive

The industry, on its part, is drafting out the road map for vaccination and where they can chip in.

Chhattisgarh opts for special window for GST compensation; Jharkhand left

Now all states, except Jharkhand, have opted for Centre's borrowing options.

Fall in direct tax mop-up slows in November on better economic movements

Personal income tax saw contraction shrink to 13 per cent by November from 22 per cent seen up to September, on the back of lower issuance of refunds and improvement in economic conditions

Optimistic about revival in Q3, says FinMin in monthly economic review

FinMin said there were no fundamental or structural factors behind the GDP contraction

Services sector grows for second straight month, but rate falls in Nov: PMI

Hiring reverses declining trend, services inflation accelerates

Steel prices race past peak levels of 2018, spreads at 3-year high

The market price for hot rolled coil (HRC) - a benchmark for flat steel - now stands at around Rs 47,500

India's next Budget to focus on boosting growth, says FM Sitharaman

With the world's second-highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020-21

After being hit by pandemic, Indian economy now recovering gradually: IMF

India's economy, which was severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday

Three critical drivers that are lending colour to the farmers' protest

Protesters want a complete repeal of the three laws along with a guarantee that no crop inside or outside the mandis will be bought below the state-mandated MSP by anyone