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RBI surplus transfer to govt at 44%; lowest in 7 years
The excess reserve transfer was in line with the recommendation of former RBI governor Bimal Jalan-led panel constituted to decide the size of capital reserves that the central bank should hold.......
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......
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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Enterocutaneous fistula (ECF) is a...
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