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    Reserve Bank Of India

    Reserve Bank Of India

    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.

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    Social sector spending not to be hit: Sitharaman
    National

    Social sector spending not to be hit: Sitharaman

    Finance Minister Nirmala Sitharaman on Friday categorically said budgetary commitments for social sector spending would not be affected in case of tax shortfall while reiterating that the government was interacting with each sector facing challenges in the present economic situation.

    SC notice on plea to deposit Rs 1.17 crore banned notes
    National

    SC notice on plea to deposit Rs 1.17 crore banned notes

    The Supreme Court has issued a notice to the Centre on a plea by a Tamil Nadu-based businessman who failed to deposit Rs 1.17 crore in scrapped currency notes within the stipulated time frame in December 2016.

    RBI payout to help government invest in infra: Report
    Business

    RBI payout to help government invest in infra: Report

    The RBI decision to transfer Rs 1.76 lakh crore to the Central government in the current year will help strengthen its fiscal position in the backdrop of the economic slowdown, Acuite Ratings said on Wednesday.

    Instead of rhetoric, FM should tell why she needed Rs 1.76 lakh crore from RBI: Kapil Sibal
    Politics

    Instead of rhetoric, FM should tell why she needed Rs 1.76 lakh crore from RBI: Kapil Sibal

    Criticising Nirmala Sitharaman over her "rhetorical" and "non-serious" response, Congress leader Kapil Sibal on Wednesday said that the Union Finance Minister should tell the people why the central government needed Rs 1.76 lakh crore from the Reserve Bank of India (RBI).

    It's wrong on part of RBI to transfer surplus funds to Centre: Owaisi
    National

    It's wrong on part of RBI to transfer surplus funds to Centre: Owaisi

    Criticising the Reserve Bank of India's (RBI) move to transfer Rs 1.76 lakh crore to the government, AIMIM president Asaduddin Owaisi on Tuesday urged the Centre to generate employment in the country.

    'Outlandish' to question Jalan panel's credibility: Sitharaman
    Business

    'Outlandish' to question Jalan panel's credibility: Sitharaman

    Finance Minister Nirmala Sitharaman on Tuesday hit out at criticism of the Bimal Jalan panel's recommendations on the RBI's Economic Capital Framework (ECF) for the central bank to transfer Rs 1.76 lakh crore to the government.

    CPI-M condemns move to transfer RBI's reserves to government
    Politics

    CPI-M condemns move to transfer RBI's reserves to government

    The Communist Party of India-Marxist (CPI-M) on Tuesday condemned the manner in which the Reserve Bank of India's (RBI) reserves were being transferred to the government and profit-making public sector navaratnas like ONGC were 'fleeced' in the past to meet Modi government's 'extravagant expenditure.'

    Sensex ends 147 pts higher on RBI's surplus to govt
    Business

    Sensex ends 147 pts higher on RBI's surplus to govt

    Easing US-China trade tensions and the RBI's decision to transfer Rs 1.76 lakh crore of surplus funds to the government aided the Indian equity indices to close higher on Tuesday.

    RBI transfer to government: The good and the bad (Guest Column)
    National

    RBI transfer to government: The good and the bad (Guest Column)

    the recommendations of the Bimal Jalan committee and has decided to transfer Rs 1,76,051 crore to the government. This is broken as Rs 1,23,414 crore as surplus for year 2018-19 and another Rs 52,637 crore of excess provisions identified by the committee as per the revised Economic Capital Framework (ECF).

    Risk burning monetary policy room by 35 bps cut: MPC member
    Business

    Risk burning monetary policy room by 35 bps cut: MPC member

    Voting for a conventional 25 basis points (bps) RBI rate cut in August, as opposed to the majority in the Monetary Policy Committee (MPC), external MPC member Chetan Ghate had said that by agreeing to a 35 bps cut, the RBI could be burning through monetary policy space, the minutes of the last MPC meeting released on Wednesday showed.

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