Search For "monetary"
RBI imposes penalty on Sahebrao Deshmukh, Progressive Co-operative Bank in
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb 23 (ANI): The Reserve Bank of India (RBI) on Thursday announced that it has imposed a monetary penalty of Rs. one lakh (rupees one lakh only) on Sahebrao Deshmukh Co-operative Bank and Rs. four lakh (rupees four lakh only) on Progressive Co-operative Bank Ltd in Mumbai
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IMF projects Indian economy growth slipping to 6.6 pct in fiscal 2016-17 p
Updated : 8 years, 6 months ago IST
Washington D.C. [United States], Feb 22 (ANI): The International Monetary Fund (IMF) has said that India's projected growth will be around 6.6 per cent in fiscal 2016-17 due to what it called "temporary disruptions" caused by demonetisation.
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IMF defers talks with Islamabad over security issues
Updated : 8 years, 6 months ago IST
Islamabad [Pakistan], Feb. 20 (ANI): The International Monetary Fund (IMF) has deferred next week's scheduled meet in Pakistan at present, due to the recent incidents of terrorism in the country that has left more than 100 people dead and several others wounded.
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Shaktikanta Das inaugurates IMF's SARTTAC in New Delhi
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb. 14 (ANI): Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, inaugurated International Monetary Fund's (IMF) South Asia Training and Technical Assistance Center (SARTTAC) in New Delhi on Monday.
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Pakistan to take USD 600 million loan from China to enhance forex reserves
Updated : 8 years, 6 months ago IST
Islamabad [Pakistan], Feb 10 (ANI): Pakistan has decided to borrow USD 600 million from China to increase its forex reserves as its foreign currency reserves have declined by USD 1.7 billion due to end of the International Monetary Fund programme.
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RBI may cut rates by 25 bps; all eyes on CPI target
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb 8 (ANI): The Reserve Bank of India is expected to slash its key rates by 25 basis points in its Monetary Policy meet here today.
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ASSOCHAM seeks RBI nudge to banks for full transmission of interest cuts,
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb 8 (ANI): As the Monetary Policy Committee of the Reserve Bank of India meets on February 7 and 8 for next bi-monthly credit policy, apex industry body ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the i
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Nobel Citation robbery: Kailash Satyarthi appeals to burglars to understan
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb. 7 (ANI): Responding to the shocking theft of his Nobel Citation and replica of the Nobel Peace Prize, Kailash Satyarthi on Tuesday assured that a police probe has been initiated and called on those responsible for the burglary to understand the awards 'significan
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Indian economy not in good shape: Ex-PM Manmohan Singh
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan. 30 (ANI): Former prime minister Manmohan Singh on Monday struck a cautionary note stating that the Indian economy is not in a good shape and added that several rating agencies, including the International Monetary Fund (IMF) has downgraded the Gross Domestic Product (
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IMF cuts India's growth to 6.6 pct post demonetization
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan. 17 (ANI): The International Monetary Fund (IMF) on Tuesday announced a cut in India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to consumption weakness courtesy demonetisation.
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Cong says 'I told you so' as IMF cuts India's growth rate c
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan. 16 (ANI): With the International Monetary Fund (IMF) saying that India's economy has fallen back mostly because of "temporary negative consumption shock" following demonetisation, the Congress asserted that former prime minister Dr. Manmohan Singh had w
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RBI row: Oppn slams govt. for destroying credibility of autonomous body
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan. 14 (ANI): In wake of the letter written by employees of Reserve Bank of India (RBI) to its governor Urjit Patel condemning the demonetisation drive, the Congress and Janata Dal (United) dubbed it as 'shocking state of affair', while stating that Prime Minist
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