Tag: RBI
RBI Slashes Lending Rate By 35 Bps To 5.40%
The Reserve Bank of India on Wednesday broke with convention by reducing its key lending rates by 35 basis points which is expected to make home and auto loans cheaper and rev-up the economy by unleashing consumption.....
Govt Prevails Over RBI To Release Rs 176,000 Cr Surplus
On Monday, the government won and the RBI lost in what turned out to be an attritional war that saw a Governor being scalped. One can argue that the central bank works at the pleasure of the government and the RBI Act says this with great clarity. Mint Street after its board meeting announced that it will transfer a surplus of a little over Rs 1.76 lakh crore to the government.....
Rahul Tweets 'RBILooted', FM Says Criticism Outlandish
As the RBI central board accepted the recommendations of the Bimal Jalan panel on capital transfer and decided to pay the government Rs 1.76 lakh crore for the current fiscal, criticism of the panel and the government poured in on social media, with Congress leader Rahul Gandhi describing the development as a a theft, tweeting with "#RBILooted".....
Vikram Found: ISRO Takes Photo Of Moon Lander On Lunar Surface
The Indian Space Research Organisation (ISRO) has found its moon lander Vikram on the lunar surface, said an official. This was hours after communication link with the lander was lost minutes before its soft landing on the lunar surface.....
NASA Finds Vikram Moon Lander's Debris
NASA has found the crash site and debris of India's Chandrayaan-2 Vikram moon lander following a tip from an Indian space enthusiast who examined pictures of the area of the moon taken by a US orbiting camera.....
RBI Cuts GDP Forecast To 5% In FY20; Sees Early Revival Signs
With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent.....
Priyanka Attacks Modi Government Over Rising Inflation
Congress General Secretary Priyanka Gandhi Vadra on Tuesday hit out at the Narendra Modi government at Centre over retail inflation soaring to a five and half year year high at 7.35 per cent, saying the BJP has "kicked" on the stomach of the poor after stealing money from their pockets.....
Sitharaman, Goyal Hail RBI's Measures To Boost Liquidity
Finance Minister Nirmala Sitharaman and Commerce Ministry Piyush Goyal applauded the Reserve Bank of India's (RBI) fresh slew of measures to ease liquidity and regulatory norms.....
RBI Raises Retail Exposure Threshold For Banks To Improve Credit Flow
The Reserve Bank of India (RBI) has decided to enhance the threshold limit of retail portfolio of banks to Rs 7.5 crore, with a view to improve the credit flow to small businesses. ....
Share Market: Sensex, Nifty Rise In Rarly Trade Ahead Of RBI Policy Statement
The key Indian equity indices rose on Friday ahead of the Reserve Bank of India's (RBI) monetary policy announcement scheduled during the day. ....
