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RBI may drop dividend next year

The Malegam committee on the RBI’s capital adequacy had suggested that the RBI must move away from its methodology to calculate the foreign exchange gains to a weighted average cost-based......

Jalan panel for review of economic capital framework in every 5 years

It also recommended that the RBI accounting year (July-June) may be brought in sync with the fiscal year (April to March) from the financial year 2020-21 as it could reduce the need for interim......

Rupee posts biggest single-day gain in 5 months on RBI dividend

Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two very good calls from Beijing also influenced the local currency, dealers said.......

What govt can do with Rs 176,000 cr transfer from RBI

The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists......

RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt

The additional cash will now give the Centre more headroom for stimulating the economy. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of India (RBI) on Monday approved the  transfer......

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......
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