Tag: RBI
Shaktikanta Das Appointed New RBI Governor
The government on Tuesday appointed Shaktikanta Das, who as Economic Affairs Secretary steered the monetary situation post-demonetisation, as the new RBI Governor, a day after Urjit Patel resigned amidst a tiff with the government on the RBI's autonomy.....
RBI To Carefully Consider Liquidity Inducing Measures: Governor Das
Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become "loose money" and the apex bank would excercise the measures with caution.....
India Gets Anti-satellite Capability To Become Space Superpower: PM
India on Wednesday became "a space superpower" by becoming the fourth country to acquire anti-satellite capability, Prime Minister Narendra Modi announced on Wednesday, calling it "a proud moment".....
Muted Growth Prompts RBI To Cut Key Lending Rate To 6%
Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday to lower its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. ....
Finanace Ministry Positive On RBI Decsion, Change In Stance
The Finance Ministry is positive on the RBI monetary policy panel's decision to cut the repo rate by 25 basis points (effecting a third consecutive reduction in 2019 and the all important change in its stance from "neutral to accomodative"), which would pave the way for consideration by RBI for any further rate cut. ....
RBI Slashes Lending Rate By 35 Bps To 5.40%
The Reserve Bank of India on Wednesday broke with convention by reducing its key lending rates by 35 basis points which is expected to make home and auto loans cheaper and rev-up the economy by unleashing consumption.....
Govt Prevails Over RBI To Release Rs 176,000 Cr Surplus
On Monday, the government won and the RBI lost in what turned out to be an attritional war that saw a Governor being scalped. One can argue that the central bank works at the pleasure of the government and the RBI Act says this with great clarity. Mint Street after its board meeting announced that it will transfer a surplus of a little over Rs 1.76 lakh crore to the government.....
Rahul Tweets 'RBILooted', FM Says Criticism Outlandish
As the RBI central board accepted the recommendations of the Bimal Jalan panel on capital transfer and decided to pay the government Rs 1.76 lakh crore for the current fiscal, criticism of the panel and the government poured in on social media, with Congress leader Rahul Gandhi describing the development as a a theft, tweeting with "#RBILooted".....
Vikram Found: ISRO Takes Photo Of Moon Lander On Lunar Surface
The Indian Space Research Organisation (ISRO) has found its moon lander Vikram on the lunar surface, said an official. This was hours after communication link with the lander was lost minutes before its soft landing on the lunar surface.....
NASA Finds Vikram Moon Lander's Debris
NASA has found the crash site and debris of India's Chandrayaan-2 Vikram moon lander following a tip from an Indian space enthusiast who examined pictures of the area of the moon taken by a US orbiting camera.....
