To neutralise this, RBI has been doing forward swaps
The second day of the ongoing Ranji Trophy Group matches in Mumbai and Rajkot will start late by two hours from the regular time due to solar eclipse on Thursday. A source in the Mumbai Cricket Association confirmed the development after the opening day's play between Mumbai and Railways concluded at the Wankhede Stadium in Mumbai.
In charge of dope control at the IPL for the very first time, the National Anti-Doping Agency (NADA) might have to outsource the task of sample collection given the high cost of handling the exercise when the event is held in the UAE later this year. The next best option for NADA will be using the services of UAE's National Anti-Doping Organisation (NADO) or contact Sweden's International Dope Test and Management (IDTM) which has done sample collection and testing for the last 12 seasons of the IPL.
Banks normally park almost 27 per cent of their funds in government securitie.
The central bank's move will infuse Rs 20,000 crore (Rs 200 billion) into the markets.
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.
CRR remains unchanged at 4%; first repo rate cut since May 2013.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
Veteran India goalkeeper Subrata Paul on Wednesday earned a massive reprieve after the National Anti-Doping Agency (NADA) revoked his provisional suspension, letting him off with a warning with regards to violation of anti-doping rule earlier this year.
Sensational media reports of widespread blood doping in world athletics has also pointed the finger of suspicion at Indian athletes, though experts in the country are not very clear about how it could have happened.
India will finish their home series against Sri Lanka on December 24 before leaving for South Africa on December 28. They are scheduled to play a two-day warm-up tie starting on December 30 before taking on South Africa in the first Test on January 5.
BCCI finally agreed to come under the ambit of NADA, in the process becoming a National Sports Federation despite being financially autonomous.
On behalf of BCCI, the three-member Committee of Administrator (CoA) along with CEO Rahul Johri will meet Manohar.
Reserve Bank allowed banks to invest in long-term infrastructure bonds.
The Indian cricket board will work with the National Anti-Doping Agency for a period of six months, while attaching another rider to the tripartite agreement along with WADA
The Reserve Bank on Monday reduced the marginal standing facility (MSF) rate, at which banks borrow from it, to 9 per cent from 9.5 per cent to improve liquidity in the system.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
The BCCI had been vehemently opposed to signing up with NADA, claiming that it is an autonomous body, not a National Sports Federation and does not rely on government funding.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
However, the Board of Control for Cricket in India insisted that the number of playing days per year for the ever-busy cricketers will decrease.
Javelin thrower Neeraj Chopra's obsessive pursuit of excellence and a new-found sprint sensation in Hima Das gave Indian athletics audacious Olympic hopes but familiar dope shame kept things in perspective in an eventful 2018.
With enough liquidity in the system, lending and deposit rates are likely to fall further
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
The Sports Ministry has decided against conferring Renjith Maheswary the prestigious Arjuna award, as the triple jumper was found to have used a 'scheduled' substance (ephedrine) back in 2008.
Ruling out a cut in lending rates, bankers said the status quo policy stance of the Reserve Bank will be followed by them, at least in the near-term.
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances