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Need to be careful and not get swayed by anecdotes on slowdown, says CEA K Subramanian

Need to be careful and not get swayed by anecdotes on slowdown, says CEA K Subramanian

Speaking at the 13th Edition of Mindmine Summit 2019 in New Delhi, Subramanian said, India needs to focus simply on Investment emphasising that reforms should be focussed on encouraging investments

Aug 22, 2019, 14:34 PM IST
What caused RBI to shift from convention on rate cut

What caused RBI to shift from convention on rate cut

RBI Governor Shaktikanta Das, according to the minutes of the meeting released on Wednesday, said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps

Aug 22, 2019, 11:12 AM IST
Crude oil, gas and refinery output slips

Crude oil, gas and refinery output slips

As per data released by Ministry of Petroleum & Natural Gas, crude oil production during July, 2019 was 2768.95 TMT (thousand metric tons) which is 5.41 per cent lower than target and 4.40 per

Aug 22, 2019, 11:09 AM IST
Loans from NBFCs to developers halved in FY19: Report

Loans from NBFCs to developers halved in FY19: Report

The report observed that default by leading NBFC, IL&FS, in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018.

Aug 22, 2019, 11:08 AM IST
Risk burning monetary policy room by 35 bps cut: MPC member

Risk burning monetary policy room by 35 bps cut: MPC member

At its last bi-monthly monetary policy review meeting here earlier this month, the Reserve Bank of India's (RBI) MPC voted by a 4:2 margin to cut its repo, or short-term lending rate for commercial

Aug 22, 2019, 11:06 AM IST
India's growth may slow down further to 5.7% in Q1: Nomura

India's growth may slow down further to 5.7% in Q1: Nomura

It attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them hard last September, as well as weakening global growth and

Aug 21, 2019, 16:58 PM IST
Lucknow-Delhi Shatabdi Express – India's first premium train to be run by private players

Lucknow-Delhi Shatabdi Express – India's first premium train to be run by private players

Shatabdi Express from Lucknow will depart at 6.10 am and will reach New Delhi at 12.45 pm, while from Delhi, the train will leave at 4.30pm and reach Lucknow at 10.45pm.

Aug 21, 2019, 16:52 PM IST
Ahmedabad-Mumbai Tejas Express to be run by private players

Ahmedabad-Mumbai Tejas Express to be run by private players

The Railway Ministry is believed to have given full freedom to IRCTC to decide on passenger fares of the Tejas Express between Ahmedabad-Mumbai.

Aug 21, 2019, 14:47 PM IST
Slowdown slayer: PSBs to suggest steps to boost economy

Slowdown slayer: PSBs to suggest steps to boost economy

At present, a culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown.

Aug 21, 2019, 11:56 AM IST
Delhi to Mumbai in 10 hours: Indian Railways to increase Rajdhani Express train speed to 160 kmph

Delhi to Mumbai in 10 hours: Indian Railways to increase Rajdhani Express train speed to 160 kmph

By increasing the speed the travel time between Delhi-Mumbai will be reduced to 10 hours as compared to the current 15.5 hours.

Aug 21, 2019, 10:03 AM IST
Q1 bank loan growth fell 1.2% due to low interest income: Report

Q1 bank loan growth fell 1.2% due to low interest income: Report

For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.

Aug 20, 2019, 15:00 PM IST
Petrol, diesel to cost more in Uttar Pradesh as govt hikes VAT

Petrol, diesel to cost more in Uttar Pradesh as govt hikes VAT

A litre of petrol will now cost 98 paisa more across the state while a litre of diesel has become dearer by Rs 2.35.

Aug 20, 2019, 11:33 AM IST
SBI announces processing fees waiver on car loans, lower housing EMIs during festive season

SBI announces processing fees waiver on car loans, lower housing EMIs during festive season

Customers can avail attractive and cheaper loans with added benefits –waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates – spread across various

Aug 20, 2019, 11:12 AM IST
Amid slowdown, RBI Governor hints at softer approach on rates

Amid slowdown, RBI Governor hints at softer approach on rates

In his inaugural address at the Indian Banks' Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor also said the real test for public sector banks (PSBs

Aug 19, 2019, 16:03 PM IST
Mission 2022: Indian Railways eyes 100% electrification for faster trains, cost reduction

Mission 2022: Indian Railways eyes 100% electrification for faster trains, cost reduction

While the average speed of trains will increase, the Indian Railways will also save on the operational cost.

Aug 17, 2019, 15:56 PM IST
IRCTC to soon come up with Japanese-style pod hotel near Mumbai Central

IRCTC to soon come up with Japanese-style pod hotel near Mumbai Central

These pod hotels will comprise three kinds of  pods or capsules – Classic, Private and Suite. The rent for these pod hotels will be infact lower than the railway retiring rooms and are imed at

Aug 16, 2019, 17:28 PM IST
RBI directs banks not to count failed swipes, balance enquiry as free ATM transactions

RBI directs banks not to count failed swipes, balance enquiry as free ATM transactions

No charges will be levied on failed transactions, the RBI said.  

Aug 15, 2019, 13:24 PM IST
Jalan panel readies report on RBI surplus transfer to government

Jalan panel readies report on RBI surplus transfer to government

The transfer of the Reserve Bank of India`s (RBI) surplus to the government would be done in a phased manner as is the practice, sources said.

Aug 14, 2019, 17:31 PM IST
July WPI inflation eases to 1.08% from 2.02% in June

July WPI inflation eases to 1.08% from 2.02% in June

The government has also revised the May WPI inflation to 2.79 percent from 2.45 percent.

Aug 14, 2019, 12:23 PM IST
RBI releases guidelines for lending by banks to NBFCs for On-Lending

RBI releases guidelines for lending by banks to NBFCs for On-Lending

RBI said, Bank credit to NBFCs for On-Lending will be allowed upto a limit of five percent of individual bank’s total priority sector lending on an ongoing basis.

Aug 14, 2019, 10:49 AM IST