Search For "rbi"
Impact of demonetisation, GST fizzing out: FICCI
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): The slowdown in the economy due to demonetisation and the adjustment impact of the Goods and Services Tax (GST) implementation seems to be bottoming out as the new indirect tax regime stabilises, the economy would see an improvement in its performance, accord
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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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Govt incentives digital purchase of gold bonds
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 25 (ANI): In a bid to fuel the digitisation drive, the Government of India in consultation with the Reserve Bank of India (RBI) announced a discount of Rs. 50 per gram from the issue price of gold bonds to those investors, who apply online and pertain to digital mode o
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ASSOCHAM writes to Jaitley, RBI Governor over private equity investment ma
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 24 (ANI): In a bid to resolve the vexed issue of 'assured return' on private equity investment, industry body ASSOCHAM wrote to Finance Minister Arun Jaitley, urging a meeting between his officials and the global private equity funds so that investments worth several t
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Bitcoin investments new attraction for Indians, say experts
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov.18 (ANI) Experts involved or associated with the Bitcoin industry, maintain that it has emerged as a new attraction for Indians who are keen to augment their wealth, notwithstanding calls issued by the Supreme Court to the Reserve Bank of India (RBI) to put in place ef
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RBI urges doorstep banking for senior citizens, differently-abled
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 10 (ANI): In a bid to facilitate seamless banking for all sections of the society, the Reserve Bank of India directed all banks to implement doorstep banking facilities for differently-abled citizens and those above 70 years of age by December this year.
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Upward pressure on bond yields expected owing to moderation in FII inflows
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 8 (ANI): A notification from ICRA on Wednesday revealed that an upward pressure on bond yields is expected; owing to continuing concerns regarding a potential fiscal slippage at the Union Government level and a moderation in FII inflows into debt coupled with other fa
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Jaitley terms demonetisation rollout as 'watershed moment' of Indian econo
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 7 (ANI): Ahead of the first anniversary of the Centre's biggest decision against curbing of the black money menace, Finance Minister Arun Jaitley on Tuesday said that November 8 will be remembered "as a watershed moment in the history of Indian economy".
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Multi Agency Group to probe 'Paradise Papers' cases
Updated : 8 years, 4 months ago IST
New Delhi [India], November 6 (ANI): The Central Government has directed that investigations in cases of Paradise Papers would be monitored through a reconstituted Multi Agency Group, the Central Board of Direct Taxes (CBDT) said, in an official statement today.
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Design of recapitalisation process critical: Former RBI Governor
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 4 (ANI): In the wake of the Rs 2.11 lakh crore-worth public sector bank recapitalisation plan that was announced recently by Union Finance Minister Arun Jaitley, former Reserve Bank of India (RBI) Governor Dr. Y.V. Reddy dubbed the design of the plan to be "critical".
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HC seeks Centre's response on withdrawal of Rs. 50 notes
Updated : 8 years, 4 months ago IST
New Delhi [India] November 3 (ANI): The Delhi High Court on Friday sought a reply from the Centre and Reserve Bank of India (RBI) in two weeks on a Public Interest Litigation (PIL) seeking direction to withdraw Rs. 50 notes which do not have identification marks and stop the printing.
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AU Small Finance Bank gets RBI nod for Scheduled Commercial Bank
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 2 (ANI): AU Small Finance Bank today received approval from Reserved Bank of India (RBI) to operate as Scheduled Commercial Bank. AU Small Finance Bank's name has now been included in the Second Schedule of Reserve Bank of India Act, 1934.
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