News for 'Reserve Bank of India and Union'

Investors should also look at long-term bonds: Dhawal Dalal

Investors should also look at long-term bonds: Dhawal Dalal

Rediff.com15 Feb 2016

Dhawal Dalal, executive vice-president & head, fixed income, DSP BlackRock Investment Managers, expects the central bank to hold rates for the rest of calendar year 2016.

PSBs strike may affect transactions worth Rs 15,000 crore

PSBs strike may affect transactions worth Rs 15,000 crore

Rediff.com29 Jul 2016

Unions, which are protesting against FDI in the banking sector, are pressing for various demands.

Cheaper crude only silver lining for country, say analysts

Cheaper crude only silver lining for country, say analysts

Rediff.com24 Jun 2016

India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.

2014-15 a year of financial sector reforms

2014-15 a year of financial sector reforms

Rediff.com31 Mar 2015

The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.

Should India allow foreign money to finance deficit?

Should India allow foreign money to finance deficit?

Rediff.com26 Feb 2020

'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.

Markets make handsome gains on RBI's stance, global cues

Markets make handsome gains on RBI's stance, global cues

Rediff.com7 Jun 2016

ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.

Covid second wave won't sting economy

Covid second wave won't sting economy

Rediff.com21 Jun 2021

The hit to economic activity will be mostly confined to the first quarter. And a third wave, if it materialises, is unlikely to be hugely disruptive for the economy, predicts T T Ram Mohan.

Stock markets in turmoil: What should you do?

Stock markets in turmoil: What should you do?

Rediff.com26 Jan 2022

Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.

Rate cuts likely even as RBI talks tough on inflation

Rate cuts likely even as RBI talks tough on inflation

Rediff.com10 Nov 2014

Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.

Govt's gross borrowing pegged at Rs 4.42 lakh crore in H1 FY20

Govt's gross borrowing pegged at Rs 4.42 lakh crore in H1 FY20

Rediff.com29 Mar 2019

Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.

What is the RBI governor up to?

What is the RBI governor up to?

Rediff.com10 Mar 2021

What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.

Budget 2020: FY21 growth rate likely to be pegged at 6-6.5%

Budget 2020: FY21 growth rate likely to be pegged at 6-6.5%

Rediff.com6 Jan 2020

It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent. It is this nominal GDP forecast on the basis of which the finance ministry is calculating key Budget targets like the fiscal deficit as a percentage of GDP and tax revenue growth for the coming year.

Congress launching fake campaigns: Jaitley

Congress launching fake campaigns: Jaitley

Rediff.com10 Feb 2019

"It is about time that India and its institutions are protected from these 'institution wreckers'," said Jaitley.

Will watch monsoon before rate cut: Rajan

Will watch monsoon before rate cut: Rajan

Rediff.com16 Apr 2016

Most economists feel the RBI has room for a 25-basis point cut, having met inflation targets comfortably

Note ban: RBI guv to appear before Parliament panel on Jan 20

Note ban: RBI guv to appear before Parliament panel on Jan 20

Rediff.com16 Jan 2017

The chairman of Parliament's Public Accounts Committee, K V Thomas, on Monday said a meeting with finance ministry officials has been deferred to February 10 in view of the Budget preparations.

FM prods PSBs to implement 'Aatmanirbhar' relief package

FM prods PSBs to implement 'Aatmanirbhar' relief package

Rediff.com22 May 2020

The finance minister has emphasised on the quick disbursal of additional loans to MSMEs, to simplify process, formats and documentation.

Cabinet nod for steps to boost liquidity in realty sector

Cabinet nod for steps to boost liquidity in realty sector

Rediff.com31 Aug 2016

The Cabinet, chaired by Prime Minister Narendra Modi, allowed contractors to move to the new, speedier arbitration process, approved the release of 75 per cent of the amount in dispute against bank guarantees and provided for a conciliation board comprising independent domain experts in new contracts.

One more headache for RBI Gov!

One more headache for RBI Gov!

Rediff.com21 Dec 2018

The HR challenge seems to be one of the most important issues that RBI Governor Shaktikanta Das will have to tackle.

India to grow at 5-year high of 7.6% in 2015-16

India to grow at 5-year high of 7.6% in 2015-16

Rediff.com8 Feb 2016

India said its economy grew 7.3 percent in the October-December quarter.

Markets decline on caution ahead of the Union Budget

Markets decline on caution ahead of the Union Budget

Rediff.com9 Jul 2014

The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.

Govt for UPA-style bailout of NBFCs

Govt for UPA-style bailout of NBFCs

Rediff.com26 Dec 2019

In 2009, the UPA government, had announced a slew of measures to boost liquidity in NBFCs. These included a scheme for providing liquidity support to NBFCs having assets size of over Rs 100 crore through a SPV.

RBI hikes inflation figs over high vegetable prices

RBI hikes inflation figs over high vegetable prices

Rediff.com5 Dec 2019

The Reserve Bank of India on Thursday raised its inflation projection to 5.1-4.7 per cent for the second half of the current fiscal on the back of spike in prices of vegetables such as onion and tomatoes.

Devi Shetty to be health minister?

Devi Shetty to be health minister?

Rediff.com24 May 2021

Among the other names tipped to make it to the Cabinet are Jyotiraditya Scindia, Sarbananda Sonowal, Baijayant Panda.

FinMin, RBI set up panel on reducing cash transactions

FinMin, RBI set up panel on reducing cash transactions

Rediff.com1 Jun 2015

RBI data on Dec 2014 showed 1.05 million PoS machines in the country.

Retail inflation at new low as food, vegetables turn cheaper

Retail inflation at new low as food, vegetables turn cheaper

Rediff.com12 Dec 2014

This development can strengthen the case for interest rate cut by the RBI.

One person cannot take decision for 125 cr people: Sena attacks PM over note ban

One person cannot take decision for 125 cr people: Sena attacks PM over note ban

Rediff.com24 Nov 2016

Uddhav said there was no point in Modi becoming emotional at a time when people have tears in their eyes.

Note ban objective was to squeeze out cash: Jaitley

Note ban objective was to squeeze out cash: Jaitley

Rediff.com30 Aug 2017

Jaitley said note ban has compelled people to deposit money into bank accounts.

When will EC ban loan waiver poll promises?

When will EC ban loan waiver poll promises?

Rediff.com18 Mar 2021

Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.

Faster roll out of 5G to have greater impact: Airtel

Faster roll out of 5G to have greater impact: Airtel

Rediff.com21 Apr 2022

Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.

Strong rupee stings Modi's export ambitions

Strong rupee stings Modi's export ambitions

Rediff.com27 Apr 2015

Exports to Europe shrank by near 2 per cent in the 11 months.

Two major tasks for Sitharaman

Two major tasks for Sitharaman

Rediff.com13 Jun 2019

First, the Insolvency and Bankruptcy Code, much-lauded as a game changer, needs serious reform. Second, some vital policy choices would need to be made as far as competition law is concerned., says Somasekhar Sundaresan.

Early Diwali for SBI borrowers

Early Diwali for SBI borrowers

Rediff.com22 Aug 2017

Processing fee waived on car, gold and personal loans till December

Worsening Centre, states relation poses a 'threat to federalism'

Worsening Centre, states relation poses a 'threat to federalism'

Rediff.com20 Oct 2020

When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.

Investors, avoid long-term funds

Investors, avoid long-term funds

Rediff.com9 Mar 2021

If you plan to invest in an FD, go for the 12-15-month tenure. This will allow you to redeploy maturity proceeds at higher rates (if rates rise), advises Sarbajeet K Sen.

Why invoking Section 7 is a risky affair

Why invoking Section 7 is a risky affair

Rediff.com14 Nov 2018

The use of Section 7 is fraught with risks to the autonomy of the central bank, the credibility of the government and the smooth functioning of the financial markets, says A K Bhattacharya.

IMF's Gita Gopinath bats for infra investment in Budget

IMF's Gita Gopinath bats for infra investment in Budget

Rediff.com27 Jan 2021

Ahead of India's annual budget presentation next week, IMF's chief economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI on Tuesday. "And you want to revisit it and see how effectively that is working and see whether additional support may need to be provided," she said while responding to a question on her recommendations to Finance Minister Nirmala Sitharaman, ahead of her presentation of the annual Union Budget on February 1. It would be a good time for banks and Non-Banking Financial Companies (NBFCs) to raise capital given the attractiveness of financing conditions at this point, she said.

'Rajan's exit a sign of Modi's unwillingness to change things'

'Rajan's exit a sign of Modi's unwillingness to change things'

Rediff.com21 Jun 2016

'I think the markets will move up given that there will be more money.'

No one in govt questioned offshore bonds issue: Garg

No one in govt questioned offshore bonds issue: Garg

Rediff.com26 Jul 2019

Refusing to link his seeking voluntary retirement, a year before his superannuation, to his transfer to the relatively low profile power ministry, he said that he had conveyed his decision to the Prime Minister's Office on July 18.

Use your phone for shopping, to pay bills as UPI goes live

Use your phone for shopping, to pay bills as UPI goes live

Rediff.com25 Aug 2016

21 banks have launched United Payments Interface application.

Speculation rife over Rajan succeeding IMF chief Lagarde

Speculation rife over Rajan succeeding IMF chief Lagarde

Rediff.com7 Apr 2015

RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.