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Nirmala attacks Oppn for creating false narrative around Budget

Finance Minister Nirmala Sitharaman on Friday reeled out pro-poor measures such as free ration and gas to hit out at Opposition parties for creating a "false narrative" of the Modi government being......

Judiciary, agencies like CBI, ED should act independently: HC

The Bombay high court on Thursday said the judiciary and agencies like the Reserve Bank of India, the Central Bureau of Investigation and the Enforcement Directorate should act......

Will PMC Bank find salvation?

Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the......

'Not a single penny from taxpayers', FM on stimulus fund

Finance Minister Nirmala Sitharaman on Friday said the entire fiscal stimulus announced by the government would be funded by borrowings and revenues, and taxpayers will not be charged even a single......

India's forex reserves increase by $689 mn to $584.55 bn

India's forex reserves increased for the second consecutive week, touching $584.554 billion as of February 26, up by $689 million, the Reserve Bank said on Friday. The overall reserves had......

Borrowers spoilt for choice as banks cut loan rates

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts. Illustration: Uttam Ghosh/Rediff.com Banking giants State Bank of......

Nirmalaji, what about growth beyond FY22?

We will find it difficult to exceed an average of 5 per cent growth in the medium term, warns Shankar Acharya, the former chief economic adviser. Illustration: Dominic Xavier/Rediff.com ......

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Cabinet to decide on tax waiver, HQ for new DFI

The RBI is keen that the DFI is based in Mumbai as it believes that India Infrastructure Finance Company (IIFCL), which will be subsumed into it,... ...

https://economictimes.indiatimes.com/news/economy/infrastructure/cabinet-to-decide-on-tax-waiver-hq-for-new-dfi/articleshow/81386593.cms

RBI

The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by... ...

https://timesofindia.indiatimes.com/business/india-business/fraudulent-loans-cannot-be-sold-to-bad-bank-rbi/articleshow/81382338.cms

RBI Guv

Growth impulses are gradually and steadily getting broad-based. The high-frequency indicators such as steel consumption, PMI for manufacturing and... ...

https://economictimes.indiatimes.com/markets/expert-view/enough-credit-for-any-biz-with-good-plan-rbi-guv/articleshow/81384733.cms

Banks seek time on standing instructions

Banks have also requested RBI to exclude transactions against pre-existing standing instructions and those with international merchants from the... ...

https://economictimes.indiatimes.com/markets/stocks/news/banks-seek-time-on-standing-instructions/articleshow/81384592.cms

America's $1.9 trillion rescue package could throw a spanner in RBI's recovery plans

In India, the government is following a borrow-to-grow strategy but the RBI, while helping keep the government’s borrowing cost low, is geared to... ...

https://economictimes.indiatimes.com/news/economy/policy/americas-1-9-trillion-rescue-package-could-throw-a-spanner-in-rbis-recovery-plans/articleshow/81367635.cms

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