In the current fiscal, as Covid impacted trade, current account had been in surplus in the previous two quarters, according to balance of payments data released by RBI Wednesday.
SC directed that no compound or penal interest shall be charged from borrowers for the 6-month loan moratorium period & the amount already charged shall be refunded, credited or adjusted.
Current 5-year mandate for flexible inflation targeting requires RBI to keep headline inflation at 4% midpoint of its range & is due for review this month.
The RBI in 2019 said that 3,542.9 million notes of Rs 2,000 were printed during 2016-17, which reduced to 46.6 million notes in 2018-19, after which no notes were printed.
SEBI issues circular on perpetual bonds aimed at reducing risks faced by retail investors. This, however, will result in lower demand for bonds issued by banks for raising funds.
In a boost to India's digital payments space, four consortiums have shown interest in new umbrella entities (NEUs). ThePrint explains what they are and why there's an interest.
RBI view represents push back against efforts by govt to relax inflation goal in order to get policy makers to focus more on stimulating economic growth.
India urgently needs a range of entities to solve for the vast diversity in its credit intermediation requirements, including in infrastructure financing.
Govt wants to sell 12.1 trillion rupees of bonds in next fiscal to support its spending plan, but central bank officials are reluctant to let the 10-year yield increase.
India's projects related to BIMSTEC, Look-East-Act-East and Indian Ocean Rim Association could suffer a setback, impacting trade with South Asia and the South-South Cooperation agenda.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
The aircraft was undertaking a manoeuvre when it plummeted to the ground and burst into a ball of flame. Visuals suggest that the pilot was unable to eject.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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