The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India.
The Reserve Bank of India's six-member interest rate panel started its three-day meeting on Tuesday amidst Union Budget projecting a higher fiscal deficit, slowing growth and rising inflation.
The Reserve Bank of India (RBI) on Tuesday approached the Supreme Court challenging a Bombay High Court order which had earlier directed for the sale of HDIL assets to recover the dues of crisis-hit PMC Bank.
Drawing comparison on various performance parameters between erstwhile Jammu and Kashmir (J&K) state and the "model" state of Gujarat, the Leader of Opposition in Rajya Sabha Ghulam Nabi Azad on Tuesday once again questioned the government's move over removal of Article 370 and downgrading the state into two Union Territories (UTs).
As the Finance Minister announced to raise the insurance cover on bank deposits to Rs 5 lakh, a post-budget -CVoter survey shows that majority of the people are happy with the move and 66 per of the respondents described it as a good decision.
The government has budgeted for lower dividend from the central bank and state-run lenders in the coming fiscal year, relying exclusively on an ambitious disinvestment target for resource mobilisation.
the Union Budget has been understandably laden with a wide variety of analysis and speculation with respect to the likely path of the fiscal deficit. This has been an exceptionally challenging year for government finances where slippages from the stated fiscal targets (and subsequent glide path) are almost a given.
Ahead of the Union Budget, a new survey shows growing unease among the general public due to rising prices of everyday items under the leadership of Prime Minister Narendra Modi.
The Congress has alleged that the government's debt has increased to 71.5 pc in 5.5 years, saying the burden is due to mismanagement of the economy.
RBI Governor Shaktikanta Das said on Friday that structural reforms and fiscal measures may have to be continued and further activated to provide a durable push to demand and boost growth.
Hinting at more steps to revive growth, Reserve Bank of India Governor Shaktikanta Das on Friday said that monetary policy alone cannot support growth and structural reforms and fiscal measures must continue for this purpose.