RBI

Delhi-based Kashmiri scribes, over 25 people from Valley were potential spying targets: Report

No consensus on borrowing for shortfall in GST compensation cess: FM

10:55 pm October 12, 2020

New Delhi: Finance minister Nirmala Sitharaman announced on Monday that the Centre and states ended the GST (Goods and Services Tax) Council meeting without conclusion. This comes after a long-drawn feud between state governments and the Centre that remain at loggerheads regarding GST compensation. Sitharaman called it a “very useful meeting”, adding that this was […]

Digital payments soar manifold in 5 years to FY20: RBI

6:55 pm October 11, 2020

Mumbai: Concerted efforts by the Reserve Bank to move to a non/less-cash economy by pushing digital payments have begun to pay rich dividends as the volume of such payments has jumped manifold in the past five years, the latest data from the central bank showed. Between 2015-16 and 2019-20, digital payments have grown at a […]

More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers

7:53 pm September 6, 2020

New Delhi: Banks may restructure loans of more than Rs 10 lakh crore largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, that have been severely hit by the COVID-19 outbreak, according to bankers. Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for COVID-19 […]

Economic growth will only move upwards: Shaktikanta Das

COVID-19: Govt’s fiscal measures responsible, prudent and calibrated, says RBI Guv

7:07 pm August 27, 2020

Mumbai: RBI Governor Shaktikanta Das on Thursday appreciated the government’s response to the COVID-19 crisis as being fiscally “very prudent and very calibrated”. “I cannot speak for the government. But I just want to say that in the central bank, as observers of what is happening in the country in the fiscal policy, I think […]

RBI keeps interest rates on hold; raises limit for gold loans

2:09 pm August 6, 2020

Mumbai: The Reserve Bank of India (RBI) on Thursday kept interest rates unchanged to help tame inflation that in recent times had surged past 6 per cent mark, and said that the economy is in an extremely weak condition following the pandemic. The central bank also allowed lenders to restructure corporate and MSME loans as […]

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