Economy News

Urjit Patel parries all questions about RBI-govt spat

Urjit Patel parries all questions about RBI-govt spat

Speaking at the customary post-policy presser after the fifth bi-monthly policy review, wherein the policy rates were left unchanged, Patel parried three questions on these issues.

Dec 05, 2018, 17:35 PM IST
RBI lowers inflation projection to 2.7-3.2% in H2 FY19

RBI lowers inflation projection to 2.7-3.2% in H2 FY19

In its previous policy review in October, the apex bank had projected the retail inflation to be around 3.9-4.5 percent in the October-March period of 2018-19.

Dec 05, 2018, 16:28 PM IST
RBI retains GDP projection for current fiscal at 7.4%

RBI retains GDP projection for current fiscal at 7.4%

The central bank said that the GDP growth in April-September of current fiscal has been broadly in line with RBI projection of 7.4 percent for full fiscal.

Dec 05, 2018, 16:25 PM IST
Monetary policy review: RBI keeps repo rate unchanged at 6.5%

Monetary policy review: RBI keeps repo rate unchanged at 6.5%

Five out of the six-member Monetary Policy Committee (MPC) voted in favour of keeping the repo rate unchanged at 6.50 percent and the reverse repo rate at 6.25 percent.

Dec 05, 2018, 14:32 PM IST
RBI to inject Rs 10,000 cr through open market operations on Thursday

RBI to inject Rs 10,000 cr through open market operations on Thursday

The OMO operation will help ease tight liquidity situation triggered by a series of defaults by group companies of IL&FS.

Dec 05, 2018, 13:37 PM IST
Govt procures pulses, oilseeds worth Rs 44,142 cr from farmers in last 4 years

Govt procures pulses, oilseeds worth Rs 44,142 cr from farmers in last 4 years

Procurement of 78.84 Lakh MT amounting to Rs 35,800 crore alone has been contributed by the states of Madhya Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Maharashtra, Telangana & Andhra Pradesh,

Dec 05, 2018, 13:05 PM IST
Female passengers to get 6 more reserved berths in 3AC class of all trains

Female passengers to get 6 more reserved berths in 3AC class of all trains

At present, a reservation quota of 6 Sleeper class berths in Mail/Express trains is already available in third bay of the coach for female passengers.

Dec 05, 2018, 12:50 PM IST
Petrol, diesel to soon cost less in Delhi than UP

Petrol, diesel to soon cost less in Delhi than UP

While the slump in international oil prices has led to an almost equal reduction in base price of petrol and diesel across the country, the actual cut in rates differs from state to state depending

Dec 04, 2018, 15:39 PM IST
Simplified GST return forms to be rolled out from April 1: Revenue Secy

Simplified GST return forms to be rolled out from April 1: Revenue Secy

Pandey further said the next meeting of the GST Council, chaired by Union Finance Minister and comprising state counterparts, will be held this month.

Dec 04, 2018, 13:44 PM IST
CAD may widen to 3% in September quarter on higher crude prices, gold imports: ICRA

CAD may widen to 3% in September quarter on higher crude prices, gold imports: ICRA

The CAD is the difference between the inflow and outflow of foreign currency.

Dec 04, 2018, 12:57 PM IST
GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

In case of IGST refunds, about 95 percent of the total claims have been disposed.

Dec 04, 2018, 10:44 AM IST
RBI panel begins 3-day meet on interest rate

RBI panel begins 3-day meet on interest rate

Experts are of the view that the RBI may not change the benchmark lending rate (repo) despite moderation in economic growth and easing inflation.

Dec 03, 2018, 18:16 PM IST
India's manufacturing sector activity hits 11-month high in November

India's manufacturing sector activity hits 11-month high in November

This is the 16th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Dec 03, 2018, 11:41 AM IST
Moody’s affirms stable outlook for Indian banking system, says govt support for PSBs will stay strong

Moody’s affirms stable outlook for Indian banking system, says govt support for PSBs will stay strong

Moody's rates 16 banks in India, 15 commercial and one policy bank.

Dec 03, 2018, 09:27 AM IST
In setback for India, China rejects proposal for bilateral trade in domestic currencies

In setback for India, China rejects proposal for bilateral trade in domestic currencies

India had suggested China for renminbi-rupee trade to boost its exports

Dec 02, 2018, 12:28 PM IST
Bankers threaten nationwide strike on December 26 to protest merger of banks

Bankers threaten nationwide strike on December 26 to protest merger of banks

The government had in September approved the merger of three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank. 

Dec 01, 2018, 16:06 PM IST
Upset over meagre valuation, Nashik farmer money orders entire proceeds to Modi

Upset over meagre valuation, Nashik farmer money orders entire proceeds to Modi

Nashik district is known for production of red onions.

Nov 30, 2018, 18:25 PM IST
Subsidised LPG price cut by Rs 6.5; market price LPG cut by Rs 133

Subsidised LPG price cut by Rs 6.5; market price LPG cut by Rs 133

The price reduction comes soon after six consecutive monthly hikes in rates since June. Prior to this price cut, rates had gone up by Rs 14.13 per cylinder since then.

Nov 30, 2018, 18:08 PM IST
Ajay Bhushan Pandey takes charge new Revenue Secretary

Ajay Bhushan Pandey takes charge new Revenue Secretary

Pandey, a 1984-batch IAS officer of the Maharashtra cadre will continue to head the Unique Identification authority of India (UIDAI) as its CEO and will also hold his position as the Chairman of GSTN

Nov 30, 2018, 18:03 PM IST
Growth of eight infrastructure sectors slows to 4.8% in October

Growth of eight infrastructure sectors slows to 4.8% in October

These eight segments comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Nov 30, 2018, 18:00 PM IST

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