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The Reserve Bank said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. | Photo Credit: K. R. Deepak The Reserve Bank on…
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The Reserve Bank of India (RBI). | Photo Credit: REUTERS The RBI on August 10 retained the GDP growth projection for current fiscal year at 6.5% and raised the inflation projection marginally to 5.4% due to spike in vegetable prices, including tomatoes. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said domestic economic…
The 30-share BSE Sensex fell 235.99 points to 65,759.82. The NSE Nifty declined 64.2 points to 19,568.35. | Photo Credit: AP Benchmark equity indices declined in early trade on Thursday ahead of RBI’s monetary policy decision amid a weak trend in global markets. Investors also remained on the sidelines ahead of the U.S. inflation data…
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The Monetary Policy Committee has unanimously decided to keep the policy repo rate unchanged, RBI Governor Shaktikanta Das said in Mumbai on August 10, 2023. | Photo Credit: Emmanual Yogini The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. Consequently,…
The Centre has countered the IT hardware industry’s request to defer the new import licensing norms by 9-12 months, asking the players to submit a plan to ramp up domestic production in phases. Domestic players that The Hindu Businessline spoke with said that the Centre expects hardware companies to value-add in the local manufacturing of computers and…
The Status Committee of Parliament on Chemical compounds and Fertilizers, headed by way of senior Congress chief Shashi Tharoor, in its two reviews tabled right here on Wednesday, has posed questions at the availability of fertilizers and a subsidy coverage. The panel has additionally wondered the prime GST fee on parts of fertilizers. The reviews…
The Centre hopes that the measure will assure enough home availability and take a look at the costs of rice, wheat and atta. | Photograph Credit score: REUTERS Involved over the rise in foodgrains costs, the Centre on Wednesday determined to moreover promote 50 lakh metric tonnes (LMT) of wheat and 25 LMT of rice…
India does not have a root certifying authority that is recognised or trusted by major web browsers such as Google Chrome, Mozilla Firefox, and Microsoft Edge. Which means Indian government and private websites are having to purchase SSL certificates from foreign certifying authorities. Image used for representational purposes only. | Photo Credit: Special Arrangement Cash…
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“The government has formed various Committees after the year 1947…including Standing Committee on Economic Statistics,” Minister of State for Statistics Rao Inderjit Singh said in a written reply to Lok Sabha. File | Photo Credit: PTI The government on August 9 said Standing Committee on Economic Statistics has been renamed as Standing Committee on Statistics….
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A man counts Indian currency notes inside a shop in Mumbai. File | Photo Credit: REUTERS The rupee appreciated 5 paise to settle at 82.86 (provisional) against the U.S. dollar on Wednesday, supported by a weak American currency against major rivals overseas. However, foreign capital outflows and surging crude prices in the international markets capped…
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