Tag: Reserve Bank of India
-
Data of over 6,000 key Indian organisations up for sale on Internet: Quick Heal
New Delhi : Global IT security firm Quick Heal’s Enterprise Security brand Seqrite has discovered an advertisement on DarkNet forum that claims to have access to data of over 6,000 Indian businesses that include Internet Service Providers (ISPs), some of the key government organisations, banks and enterprises. Seqrite Cyber Intelligence Labs, along with its partner…
-
RBI may opt for status quo on rates
Mumbai : The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged in its next monetary policy review on Wednesday, in view of the consumer price index (CPI) inflation in August shooting up to 3.36 per cent, according to latest official data. While core inflation in August rose to 4.6…
-
Economy booster package should look at raising capital expenditure: Rangarajan
—
by
New Delhi : Former Reserve Bank of India Governor C. Rangarajan on Friday said the package the government is looking at to revive the economy should be partly to raise capital expenditure and look at problems preventing private investments from rising. “The package in my opinion should be partly to raise capital expenditure of the…
-
India’s forex reserves rise to nearly $400 bn
Mumbai : Continuing a recent trend, Indian foreign exchange reserves shot up by a massive $3.572 billion to touch a high of $398.122 billion for the week ended September 1, Reserve Bank of India (RBI) data showed on Friday. The country’s foreign currency assets (FCAs), a major portion of the overall reserves, increased by $2.808…
-
SIT asks RBI to share black money data with government
New Delhi:(IANS) The SIT on black money has asked the RBI to set up a framework for sharing the data on the outflow of illicit wealth from the country with the enforcement authorities, an official statement said on Monday. The Special Investigation Team Chairman, Justice (retired) M.B. Shah, in a letter dated August 11 to…
-
Will Modi bow to RSS on Raghuram Rajan?
By Amulya Ganguli, In addition to the NGOs, including the one run by Teesta Setalvad, the saffron brotherhood’s new target is a formidable one – Reserve Bank of India (RBI) Governor Raghuram Rajan. Till now, the Hindutva camp hadn’t trained its guns on one so high who is not a politician. There is little doubt,…
-
“SAARCFINANCE Good policy has been essential to our stability”
“Good policy has been essential to our stability”, said Dr. Raghuram Rajan, Governor, Reserve Bank of India in his inaugural speech at the SAARCFINANCE Governors’ Symposium held today in Mumbai. For India, undertaking a variety of structural reforms to enhance growth; outlining and adhering to a path of fiscal consolidation to reduce the fiscal deficit;…
-
RBI Monetary Policy Committee after Finance Act notified: Official
New Delhi (IANS) The process to form the proposed Monetary Policy Committee for the Reserve Bank of India (RBI) will be initiated after the notification of the Finance Bill as an act, an official said on Tuesday. “Process to constitute Monetary Policy Committee will be initiated after passage of Finance Bill and its notification as…
-
India’s central bank cuts rate by 50 basis points
Mumbai: (IANS) Springing a surprise, the Reserve Bank of India (RBI) on Tuesday cut its short-term lending rate by 50 basis points, but also made a pitch for it to be passed on to end-consumers in the form of cheaper personal and commercial credit. While the repurchase rate, or the interest charged on short-term borrowings,…
-
37 percent of Indian corporate debt a risk: RBI
Mumbai:(IANS) Nearly 37 percent of the debt to corporate sector in India is a risk, said Reserve Bank of India (RBI) Deputy Governor S.S.Mundra on Wednesday citing a report by International Monetary Fund (IMF). “Major concern in the global arena is about the leverage of companies which is enhanced substantially in the corporate world,” he…