RBI Monetary Policy HIGHLIGHTS: Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy committee (MPC) meeting voted unanimously to maintain the repo rate at 4% and the reverse repo rate at 3.35%.
RBI Governor Shaktikanta Das Highlights: Reserve Bank of India Governor Shaktikanta Das today brought in a slew of measures to provide liquidity, facilitate bank credit, enable normal functioning of the markets, and ease fina
Credit and Finance for MSMEs: The cohort will be based on the RBI’s Public Credit Registry (PCR) announced in 2018 having a record of borrowers and lenders for the seamless and transparent flow of information.
The NIIF is aimed at sourcing equity capital for the country’s huge infrastructure build-out. It is being set up with an initial corpus of Rs 40,000 crore, 49% of which will be contributed by the government, which will rema
A day after Sebi tightened norms for investment in capital market through P-notes, government today said the 37 issuers of the offshore instrument have been sensitised about the provisions and all of them are on board.
Finance Ministry today said that efforts will be made to pass the insolvency and bankruptcy bill in the ongoing session of Parliament that will help domestic entities to resolve distress situation faster.
India's economic growth is robust despite turmoil on global financial markets, a top finance ministry official said on Thursday, reiterating the official forecast that the economy would grow by 7.6 percent in the year to Marc
Attributing the turmoil in stock and currency markets to global developments, Economic Affairs Secretary Shaktikanta Das said the rupee had not declined as steep as currencies of some other countries of the world.
India will link the interest paid to millions of small savers in a $137-billion federal deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on Thursday.