Investors eye policy outcome of the meeting, headed by RBI governor Shaktikanta Das, to be announced Thursday. A majority of analysts expect the RBI will continue to keep the repo rate unchanged at 6.5 per cent.
A Delhi court on Tuesday reserved the order on the point of issuance of summons in a defamation case filed by Union Jal Shakti Minister Gajendra Singh Shekhawat against Rajasthan Chief Minister Ashok Gehlot over the latter's "misleading statements" in relation to the alleged Sanjeevani scam.
The Reserve Bank of India (RBI) has come up with a Financial Inclusion Dashboard named Antardrishti, a platform that will provide insights to assess and monitor the progress of financial inclusion. RBI governor Shaktikanta Das launched it on Monday.
A monetary policy committee headed by RBI governor Shaktikanta Das will hold a three-day-long meeting with its decision be announced on June 8 (Thursday).
Exhaustive interactions with various stakeholders besides visits to Water Supply Schemes, and related infrastructure marked the conclusion of a three-day visit of the Union Joint Secretary, Angshuman Dey, and Gargee Sharma, member of Jal Shakhti Abhiyaan, to the district.
He reviewed the financial and physical progress achieved, so far, in the district and appreciated the efforts of the district administration and other stakeholders in effectively implementing the Jal Shakti Abhiyan, the official statement informed.
India's economy grew 6.1 per cent in the January-March (Q3) 2023, data released by the National Statistical Office (NSO) on Wednesday showed. The GDP growth of the country was 4.4 per cent in the October-December (Q3) 2022.
The Reserve Bank of India has come across gaps in corporate governance for certain banks and such gaps have the potential to cause volatility in the overall banking sector, said its governor Shaktikanta Das.
While conveying RBI's expectations from the boards of directors of banks and explaining the multi-dimensional responsibility of individual directors, the RBI Governor said, "It is the responsibility of the Board to ensure that policies are in place to identify potential conflicts of interest
Acknowledging the key role played by the banks, the RBI Governor said, "Over the years and especially in the recent period, banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing war in Europe
"What can be more unfortunate? They have no brains. The new parliament building was constructed using public money. Opposition party members, irrespective of their boycott of the inauguration, will be attending parliament proceedings there. Has the RJD decided to permanently boycott parli