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Saturday, May 11, 2024
TopicReserve Bank of India

Topic: Reserve Bank of India

Deserted Jharkhand power plant is a $38 billion warning for Indian banks

Banks have had to write off three quarters of loans, after selling the operating company of the Jharkhand power plant.

Arvind Subramanian quits as Chief Economic Adviser, 4 months before the end of his term

Union minister Arun Jaitley says Subramanian wants to return to the US due to pressing family commitments.

Emerging-market blowout pressures India’s central bank on rates

The Reserve Bank of India has to decide whether to keep the interest rates steady or risk raising it to stem market pressure. 

Banks beat RBI in raising interest rates

State Bank of India, ICICI Bank and Punjab National Bank are among the biggest banks that increased their benchmark lending rates last week.

RBI needs better rupee policy, says Niti Aayog VC, Rajiv Kumar

'It would be reasonable for RBI to maintain a steady pause as the inability of banks to extend credit amid mounting bad loans is a risk to growth this year', said Kumar. 

Is India next to raise interest rates after Indonesia moves to curb market rout?

With Bank Indonesia raising interest rates, more economists are betting the Reserve Bank of India will do the same.

‘Ugly’ inflation puts RBI closer to interest rate hike

As the payment for oil increases, India’s current account deficits are prone to widen making the economy more vulnerable to rising US interest rates. 

Core not headline inflation seen influencing India’s interest rate setters

Globally, focus on core inflation is par for course. But in India’s context, it’s the headline inflation that matters.

Delhi based Coinsecure loses $3 million in a Bitcoin heist

The firm is working hard to recover the money. However, its efforts might be hampered by India’s crackdown on cryptocurrencies even as global prices rebound.

RBI likely to keep policy rates unchanged through 2018, says Asian Development Bank

The ADB report also sees economy recovering to grow at 7.3 per cent in 2018 and 7.6 per cent in 2019, aided by various growth-oriented policy measures.

On Camera

Wealth creators in India have been the favourite whipping boys. Ambani-Adani are the new ones

It used to be Tatas and Birlas in the loose political rhetoric of the 1970s and the 1980s. Today, it is Adani and Ambani in the heated Lok Sabha election campaign.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Pensionless Maha Vir Chakra awardee who trained Mukti Bahinis continues to fight for rights

Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.

What’s common between Netflix Chamkila and Trudeau’s trouble-infested Canada? They don’t get Punjab

Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.