RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt

The Reserve Bank on Wednesday approved the highest-ever dividend payout of Rs 2.11 lakh crore to the central government for 2023-24, a decision which will help better manage the fiscal deficit.......

Garg leaves without signing off on Jalan panel report

Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank’s economic capital framework (ECF). IMAGE:......

ITC sets up new facility in Hyderabad

ITC Limited is setting up a 25,000-tonne per annum capacity facility at a cost of Rs 35 crore at its Bollaram unit in Hyderabad for production of elemental chlorine-free (ECF) paperboards to be......

Jalan panel moots RBI transfer surplus reserves to govt in 3-5 years

The Bimal Jalan committee, constituted to assess the optimum size of capital reserves that the RBI should hold, on Wednesday finalised its report, sources said. The six-member panel, under former......

7-yr-old Mumbai girl wins bronze at junior chess meet in UK

Mumbai girl Ahana Shah has won a bronze medal with a score of 4 points out of 5 in the Under-7 category of the 2017 Kenilworth Junior Open Rapid Chess Tournament in the United Kingdom. Ahana, a......