If instead of appreciating the nominal exchange rate it is devalued, the price level will rise
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
The ethanol blended with petrol needs to be of 99.99 per cent purity.
Asian Development Bank and Reserve Bank on Thursday advocated that India should go in for a free trade agreement with China and five other nations in the Mekong region to sustain high growth.
Investors should invest in small saving schemes at present levels; these investments will fetch them attractive rates and be insulated against future changes.
'Every family in UP has been deeply affected in this second wave.' 'It has only been denial, denial, and denial by the incumbent CM.'
India's telecoms regulator must guard against overly aggressive price-cutting in the nation's fast-growing telephone industry, a key policy maker said on Thursday.\n\n
Public Provident Fund should be phased out over a period of time after the introduction of the new pension scheme proposed by the government, the interim Pension Fund Regulatory and Development Authority chairman D Swarup said on Saturday.
The two mulled over the rising inflation as international crude prices continue to soar and monsoon remains erratic.
The Reserve Bank of India is looking at either removing or relaxing limits on the quantum of electronic fund transfer and electronic clearing system transactions to facilitate introduction of T+1 settlement system in the capital market.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
The new ministers include 20 of cabinet rank and eight ministers of state. The Chouhan ministry strength is now 34. Chouhan took oath as chief minister for a record fourth term on March 23, after Nath resigned from the post following rebellion by 22 MLAs of the Congress.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
World Bank President James D Wolfensohn on Friday called on Prime Minister Manmohan Singh at his residence as he wrapped up his 3-day visit to India.
The Reserve Bank of India is closely monitoring liquidity to decide whether it needs to take fresh measures to absorb excess funds from the banking system, the central bank's deputy governor said on Saturday.
The Bank Economists' Conference -- the most important event in Indian banking -- gets underway in Bangalore on Friday.
With inflation reaching new highs, the Reserve Bank of India on Saturday said it will take 'measured' steps to contain the rise in price level and the spurt in the yields of government papers will not impact the Centre's borrowing.
Emotions and brilliant special effects set the film apart from other blockbusters.
Rejecting its own Bank Rate as the benchmark for returns on small savings, budgeted at Rs 165,000 crore (Rs 1,650 billion) this year, an RBI panel has said the rate was administered and did not convey the right signals on the current interest rate.
The Reserve Bank of India has convened a meeting of bank chairmen and managing directors on September 16 to discuss ways to formulate the benchmark prime lending rate, which is expected to be introduced by this month-end.
A bill to amend Banking Regulation Act, which will enable RBI to lower the mandatory limits on statutory liquidity ratio for commercial banks, will be introduced in Parliament soon.
Modi and Shah have finalised names for the Rashtrapati's post, which the BJP boss has discussed with the RSS chief.
With expectations of a significant rise in savings rate and share of working population over next 50 years in India, the current phenomenon of overall surplus in balance of payments may not be a temporary one, RBI deputy governor Rakesh Mohan said.
India's export basket for Pakistan has a limited portfolio as Pakistan has not given 'most favoured nation' status to New Delhi and such goods have ready market in South Asia and the Middle East.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances