Court ruled NCDRC's 16-yr-old decision 'appropriated' the RBI's jurisdiction. The commission had acted on a petition alleging exploitation of credit card holders.
RBI has hiked interest rates by 250 basis points since May 2022 to combat inflation. Study by central bank says growth might have been ‘sacrificed’ by 65 basis points due to this.
While interest rates for PPF & savings deposits have been retained at 7.1% & 4%, respectively, there has been an increase of 0.1% to 0.7% in other saving schemes, the finance ministry said.
Goyal was one of the 2 members who voted against a rate hike and for the policy stance to be changed to 'neutral' from the current 'withdrawal of accommodation' at the February meet.
RBI is weighing the need for supporting growth despite surging inflation keeping in mind factors such as localised lockdowns, widening output gap and rising jobless rate.
The fears of firming inflation may also refrain the Monetary Policy Committee from tinkering with the interest rate in its bi-monthly monetary policy outcome to be announced Friday.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Contrary to claims regarding implementation of theaterisation, ThePrint first reported on 17 June 2021 that it will be delayed. Now, ACM Singh bats for different structure.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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