Washington : The International Monetary Fund (IMF) has lowered its economic growth forecasts for the US to 2.1 per cent for this year and the next, down from the 2.3 per cent for 2017 and 2.5 per cent for 2018 that it had predicted in April, the media reported. The...
Mumbai : The government nominees on the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) are to be paid Rs 1.5 lakh per meeting along with air travel and other reimbursements, according to a decision taken by the RBI. The six-member MPC, constituted last...
Dubai : The central bank of the United Arab Emirates said on Sunday that its total assets have increased by 10.8 per cent to 391.96 billion dirham ($106.8 billion) in the first half of this year. The report added that the total foreign currency supply at the UAE...
New Delhi : Finance Minister Arun Jaitley on Friday formally launched a pension scheme for senior citizens with an assured return rate of eight per cent, favouring efficiency with social security. "Banks have to lend at feasible rates, while senior citizens want...
Manila : The Asian Development Bank on Thursday predicted Asia's economy to expand faster in 2017; South Asia to remain the fastest growing of all sub-regions and India to achieve a 7.4 per cent growth due to strong consumption. In its latest report, the ADB projected...
New Delhi : The Reserve Bank of India on Monday told the Supreme Court that it could not make public the identities of the big defaulters of loans as such disclosure could severely impact the businesses. Telling the bench headed by Chief Justice Jagdish Singh Khehar...
By Porisma P. Gogoi, Mumbai : A plethora of events, such as hopes of a rate cut by the Reserve Bank of India (RBI), fresh inflows of foreign funds and the onset of the quarterly earnings season, pushed the Indian equity markets to a record high during the week ended...
New Delhi, (IANS) : After lowering the Immediate Payment Service (IMPS) charges, the State Bank of India (SBI) on Thursday reduced charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions upto 75 per cent effective July...
Kolkata, (IANS) : The State Bank of India has not been "rushing towards" the new Insolvency and Bankruptcy Code (IBC) to resolve cases of defaults as the entire ecosystem required for the new law has not so far been fully created, its chairperson Arundhati Bhattachrya...
Mumbai, (IANS) : Positive global cues coupled with short coverings and expectations of healthy quarterly results pushed the Indian equity markets to fresh closing as well as intra-day highs on Tuesday. However, the key indices ceded most of their gains during the last...