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Indian GDP growth reaches 7.2 per cent, indicates impact of banking clean-
Updated : 2 years, 9 months ago IST
New Delhi [India], June 14: The stability of economies across the world saw wide-ranging volatility throughout the previous decade of the 2010s. Branching off from the above turbulent times, the banking sector in India had found itself in precarious times since the mid-2010s which sparked an
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Airlines reduce domestic airfares on several routes after govt instruction
Updated : 2 years, 9 months ago IST
"As a result of this intervention, prices have seen up to 60 per cent decline. This is being monitored daily by the Minister himself," as per ministry sources on data by DGCA's Tariff Monitoring Unit.
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India to remain among fastest growing large economies in 2023: RBI Governo
Updated : 2 years, 9 months ago IST
India's economic growth in the past few years is mainly driven by robust domestic demand and the country will continue to remain among the fastest-growing large economies in 2023, said Reserve Bank of India Governor Shaktikanta Das.
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RBI opens regional office in Nagaland; Arunachal to get one shortly
Updated : 2 years, 9 months ago IST
The Reserve Bank of India (RBI) has opened its sub-office in Kohima, Nagaland, expanding its presence in the northeastern region.
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RBI's decision to maintain repo rate welcomed, Impact on affordable housin
Updated : 2 years, 9 months ago IST
Delhi NCR [India], June 10: The recent decision by the Reserve Bank of India (RBI) not to hike the repo rate unchanged has been met with appreciation. While the current rate of 6.5 per cent is at its highest in four years and impacts affordable housing, the momentum gained by the realty sect
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ED issues show-cause notices to Xiaomi, three banks for FEMA violation
Updated : 2 years, 9 months ago IST
The Adjudicating Authority has issued show cause notices to Xiaomi Technology India Private Limited, its officials and three banks under section 16 of the Foreign Exchange Management Act on the basis of a complaint filed by the Enforcement Directorate (ED) with respect to illegal remittances
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Centre announces 4 initiatives to strengthen 1,514 Urban co-operative bank
Updated : 2 years, 9 months ago IST
"In a significant move, the Central government on Friday took four important initiatives to strengthen 1,514 Urban Co-operative Banks (UCBs) in the country realising Prime Minister Narendra Modi's vision of 'Sahakar se Samridhi," the statement said.
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SC declines urgent listing of plea challenging RBI decision on Rs 2,000 no
Updated : 2 years, 9 months ago IST
The Supreme Court once again declined an urgent hearing of a plea challenging RBI's decision permitting citizens to exchange Rs 2000 banknotes, which are being pulled out of circulation, without any requisition slip and ID proof.
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Indian stocks steady after RBI policy on expected lines
Updated : 2 years, 9 months ago IST
Indian stock indices traded near flatline Friday morning as market participants had already discounted the RBI's monetary policy announcements.
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RBI's decision to keep repo rate unchanged on expected lines: SBI chief Kh
Updated : 2 years, 9 months ago IST
"The RBI decision to pause was largely on expected lines. The communication was nuanced and tailored to anchor market expectations for the future in terms of a durable glide path of inflation. The bouquet of policy changes on the development front covers a wide spectrum and prioritizes re
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Repo rate kept unchanged, inflation projection lowered by RBI; experts hav
Updated : 2 years, 9 months ago IST
Unchanged repo rate as was expected, lowering of inflation projection, and retention of previously forecasted GDP numbers for 2023-24 were some of the key highlights from the three-day RBI monetary policy review meeting.
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Half of Rs 2,000 notes in circulation back in system: RBI Governor
Updated : 2 years, 9 months ago IST
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
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