The wholesale price index (WPI) in June fell 4.12%; lowest since September 2015. RBI keeps interest rates on hold, stable rates expected by economists till 2023.
The central bank also said card issuers should not enter any arrangement or agreement with card networks that restrain them from availing the services of other card networks.
Data collected from banks indicated that about 87% of the banknotes received by the lenders was in the form of deposits, while around 13% had been exchanged for other denominations.
In May, RBI withdrew Rs 2,000 notes from circulation but they remain legal tender until 30 Sept. Some establishments, like Ahmedabad Nini's Kitchen, are using this to attract customers.
Party MP Jairam Ramesh asks whether Modi govt 'pressured' RBI to allow ‘compromise settlements’ or write-offs in case of wilful defaulters, demands repeal of 8 June circular.
Navigating dating apps is as risky as trading stocks. It makes sense to spread our assets—school teachers, DJs or public policy nerds; diversity is important.
Sector analysts warn that with Go First expected to remain grounded & SpiceJet struggling, industry is likely to consolidate to just 2-3 player market, hampering competition.
Lt Gen Nilakantan says revised Entitlement Rules & Guide to Medical Officers for pensions had been revised to rationalise disability classification, quantification & granting of disability.
Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.
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