Search For "monetary"
PM Modi says India is transforming, reform to transform is guiding princip
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan. 09 (ANI): Prime Minister Narendra Modi on Tuesday claimed that India was transforming and moving ahead as the bodies like World Bank, the International Monetary Fund (IMF) and Moody's were looking at the country in a positive way.
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Govt. issues new savings bonds
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 4 (ANI): The Government of India on Thursday announced to launch 7.75 percent savings bonds to enable resident citizens and Hindu Undivided Families (HUF) to invest in a taxable bond, without any monetary ceiling.
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RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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Retail inflation in November sees uptick to 4.88 percent
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 12 (ANI): India's retail inflation on Tuesday grew at 4.88 percent in November, citing an increase in foods and oil prices.
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Pak to depreciate currency after talks with IMF
Updated : 8 years, 3 months ago IST
Islamabad [Pakistan], Dec 9 (ANI): Pakistan has agreed to allow the depreciation of rupee post talks with the International Monetary Fund (IMF) on the nation's economy.
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Manipur CM distributes monetary aid under illness assistance fund
Updated : 8 years, 3 months ago IST
Imphal (Manipur)[India], December 09 (ANI): Manipur Chief Minister N. Biren Singh has distributed monetary aid worth Rs. 1.1 crore to 91 selected beneficiaries under Manipur State Illness Assistance Fund (MSIAF).
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RBI caps merchant discount rates to boost debit card transactions
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): In a bid to boost transactions using debit cards, and digitisation on the whole, the Reserve Bank of India (RBI) on Wednesday has capped merchant discount rate (MDR) and will create a framework for asset-light acceptance infrastructure.
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Banking system liquidity moving towards neutrality: RBI Dy Gov
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday highlighted that as far as the present condition is concerned, the banking system liquidity is moving towards neutrality.
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Looming inflation may hamper interest rate cuts
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 25 (ANI): Inflation is expected to remain a key concern both for the government and Reserve Bank of India (RBI), thus reducing hopes of a cut in interest rates, the ASSOCHAM said.
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Moody's upgrade well deserved for India's fiscal path: Chanda Kochhar
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 17 (ANI): Hailing the upgrade made by US-based Moody's over India's sovereign credit rating, ICICI Bank CEO and MD Chanda Kochhar on Friday said that the decision will help in cementing the stability and sustainability of Indian economy's fiscal path.
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Mobiles will soon replace ATMs, debit/credit cards: NITI Aayog CEO
Updated : 8 years, 4 months ago IST
Noida (Uttar Pradesh) [India], November 12 (ANI): Amid the ongoing digitisation drive in India, NITI Aayog CEO Amitabh Kant opined that monetary transactions would soon engulf the usage of debit and credit cards as well as ATM, thereby making the latter "redundant" in the next three-to-four
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CPEC to benefit China more than Pakistan: Report
Updated : 8 years, 4 months ago IST
Bejing [China], Oct 29 (ANI): The multibillion-dollar China Pakistan Economic Corridor (CPEC), which is part of Chinese President Xi Jinping's 'Belt and Road Initiative', will benefit China more than Pakistan due to lack of Pakistani input in the project.
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