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IMF, World Bank commend RBI for strengthening banking supervision
Updated : 8 years, 2 months ago IST
New Delhi [India] January 21 (ANI): The International Monetary Fund (IMF) and World Bank have commended the Reserve Bank of India (RBI) for its remarkable progress in strengthening banking supervision.
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Reduced tax rates recommended by GST Council
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 18 (ANI): The Goods and Services (GST) Council recommended many relief measures regarding GST rates on goods and services in a meeting held here today.
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RBI reiterates legal tender status of Rs 10 coins
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 17 (ANI): The Reserve Bank of India (RBI) on Wednesday reiterated the legal tender status of Rs. 10 coins of different designs.
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Easing of inflation a positive sign: FICCI President
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 15 (ANI): Rashesh Shah, President, Federation of Indian Chambers of Commerce and Industry (FICCI), on Monday said the easing of inflation is a positive sign of growth and shows a continued effort by the government to strengthen the economy.
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ICICI envisioning voice-enabled transactions on iMobile in 2018
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 12 (ANI): Private sector bank ICICI on Friday noted that amid the increasing technological advancement, the largest lender is aiming to enable voice-based transactions on its mobile banking app, iMobile.
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Deposit Rs 125 crore by Jan.25 or else face jail: SC tells Jaypee
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 10 (ANI): The Supreme Court on Wednesday asked realty company Jaypee Associates Ltd (JAL) to deposit Rs 125 crore by January 25 in connection with a multi-crore debt case.
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India`s GDP growth to touch 7.3 percent in 2018-19: World Bank
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 10 (ANI India's Gross Domestic Product (GDP) is expected to grow by 6.7 percent in FY 2017-18 and will pick up to 7.3 percent in 2018-19, and to 7.5 percent a year in the medium term, a report released by the World Bank on Wednesday stated.
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RBI unveils new Rs 10 banknotes
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 5 (ANI): The Reserve Bank of India (RBI) on Friday unveiled banknotes of Rs 10 denomination under the Mahatma Gandhi (New) Series.
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7.75 pct Savings Bonds Scheme to be in effect from Jan 10
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 4 (ANI): Economic Affairs Secretary Subhash Chandra Garg on Thursday said that eight percent Savings Bonds Scheme will be replaced with 7.75 percent Savings Bonds Scheme, starting from January 10.
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Bitcoins not legal tender in India, reiterates Jaitley
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 2 (ANI): Amid reports of the rising presence of bitcoins and other forms of virtual currencies (VCs) in India, Union Finance Minister Arun Jaitley on Tuesday reiterated that the former are not accepted as a lawful and legal tender in India.
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Not closing subscription for 8% GoI savings bond: Secy. DEA
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 2 (ANI): Economic Affairs Secretary Subhash Chandra Garg on Tuesday clarified that the government of India is not closing subscription for the 8 percent Savings Bonds Scheme, instead, replacing it with 7.75 percent Savings Bonds Scheme.
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Financial assets of Indians abroad rose by USD 18.6 bln in Sep quarter
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): The financial assets of Indian residents' abroad exhibited an increase of USD 18.6 billion in September 2017 quarter over the level in the previous quarter, according to the data released by Reserve Bank of India (RBI) relating to India's international invest
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