Page 277 - Reserve Bank Of India

Don't hide behind RBI, clarify your stand on loan moratorium: SC to govt

A Bench headed by Justice Ashok Bhushan said the government had failed to clear its position on the issue despite the fact that ample powers were available with it under the Disaster Management Act

RBI surplus transfer to govt lowest in last 7 years, says S C Garg

Earlier this month, the RBI board approved a surplus transfer of Rs 57,128 crore to the central government for Accounting Year 2019-20 (July-June)

Overseas direct investment norms to be made simpler, based on principles

The regulator also intends to introduce late submission fee for delayed reporting of overseas direct investments (ODI) by Indian parties and resident Indians

RBI restructuring package to help both borrowers, bankers: Experts

Besides the package, RBI has also permitted banks to provide additional finance to the borrowers, says Indian Overseas Bank MD & CEO

RBI annual report: Policy resolve gives confidence despite macro challenges

The report stands out for its vast coverage, superior analysis, and key recommendations for policy priorities.

SC asks Centre to clarify stand on interest waiver during moratorium

SC took note of Centre's alleged inaction and asked it to clarify its stand within a week on waiver of interest on interest for deferred payments of instalments for loans during the moratorium period

No funds available: Depositors at PMC Bank survive on loans, charity

The Reserve Bank of India took control of PMC last September after it was accused of fraud and concealing non-performing loans

RBI steps into bond market with Operation Twist to cool down yields

Under the mechanism, the apex bank buys long-term bonds and sells short-term bonds. This cools down long-term yields, raises short-term yields, but keeps liquidity neutral

GST Council-like authorities for land, labour, power must for reforms: RBI

"In fact, Goods and Services Tax (GST) Council type of apex authorities can be set up in respect of land, labour and power to drive structural reforms," RBI said in its 2019-20 annual report

RBI flags concerns over climate change impact on India's farm outlook

Consistent with models of climate change, the number of dry days as well as days with extremely high levels of rainfall have increased in India

Growth risks

India needs reforms to enhance productivity

RBI balance sheet expands 30% to Rs 533 trn on growth in forex reserves

Central bank's balance sheet saw a larger-than-normal size due to policy actions and liquidity infusion measures adopted to mitigate shock of Covid-19 outbreak

Letter to BS: No gender biases, says ex-RBI deputy governor Viral Acharya

Prof Sriram rightly raises the issue of why I put my MPC minutes in the book

Top headlines: Apple's first online store in India, RBI' OMOs, and more

Here are the top headlines of the day

RBI calls for deep-seated, wide-ranging reforms for sustainable growth

Post-COVID-19, the overwhelming sense is that the world will not be the same again and a new normal could emerge, the Reserve Bank of India (RBI) said

Reserve Bank announces OMOs worth Rs 20,000 crore to maintain liquidity

The two tranches will be worth Rs 10,000 crore each on multi-security auction using multiple price method, the central bank said in a statement

Govt, RBI need to share cost of maintaining UPI infrastructure: Report

The IIT-Bombay report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good

A theory of everything

This book hit the markets on the same day as the one by Urjit Patel, who was RBI governor at that time

Covid-19 impact: Union Bank estimates 6-7% of loans may be restructured

These loans include corporate accounts, where Rs 6.3 trillion of credit may be recast, and non-corporate accounts (Rs 2.1 trillion), such as retail, agriculture and MSME

Extend loan moratorium period, assistance to lawyers: PIL in Delhi HC

A petition was moved in the Delhi High Court on Monday seeking directions to the Central government and the Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loan