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Highlights of RBI's monetary policy announcements

Following are the highlights of the seventh bi-monthly monetary policy statement for 2019-20 by the RBI amid the covid-19 pandemic: Monetary Policy Committee (MPC) advances meeting......

Sensex snaps 3-day rally, ends 131 pts lower on recession fears

Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top......

RBI stays EMIs for 3 months, cuts interest rate, CRR

The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by the steepest in more than 11 years as it joined the government effort to rescue a slowing......

Will this RBI plan boost growth? Or dent it?

'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false......

RBI announces sops for lending to MSME, home, auto sectors

Observing that MSME sector plays an important role in the growth of the Indian economy, RBI said the restructuring of the borrower account has been extended by further one year to March 31, 2021.......

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RBI likely to maintain status quo in policy review

NEW DELHI: The Reserve Bank is likely to keep interest rates unchanged in the forthcoming bilateral monetary policy review in view of the rising... ...

https://economictimes.indiatimes.com/markets/stocks/news/rbi-likely-to-maintain-status-quo-in-upcoming-policy-review/articleshow/78347111.cms

Indian Railways extends pact with IIT-Kanpur to facilitate research on railway modernisation

The memorandum of understanding (MoU) will facilitate research in the core areas of electrical locomotive, locomotive control and communication... ...

https://economictimes.indiatimes.com/industry/transportation/railways/indian-railways-extends-pact-with-iit-kanpur-to-facilitate-research-on-railway-modernisation/articleshow/78297389.cms

Forget rate cut at least till Oct, say analysts

The Reserve Bank of India on Thursday kept interest rates on hold, amid the recent rise in retail consumer prices and said it would ensure... ...

https://economictimes.indiatimes.com/markets/stocks/news/rbi-move-judicious-forget-rate-cut-at-least-till-oct-say-analysts/articleshow/77388623.cms

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