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  Business   Economy  06 Apr 2017

Business, Economy, 06 Apr 2017

RBI fears inflation overshooting target

MPC has projected that the average headline inflation will rise to 4.5 per cent in the first half of the current financial year.

06 Apr 2017 8:23 PM

Rs 100 crore black money: I-T raids at 50 locations across India

This is the first major I-T action after the black money window of the Pradhan Mantri Garib Kalyan Yojna.

06 Apr 2017 8:19 PM

Realty stocks in focus, gain up to 4.5 per cent

The BSE realty index rose by 2 per cent to close the day at 1,704.64 points.

06 Apr 2017 8:04 PM

Urjit Patel says still more scope for banks to cut lending rates

Lack of transmission has been one of the dominant worries expressed by RBI during the past two years

06 Apr 2017 7:50 PM

Is this new Rs 200 denomination note real, or fake?

RBI has revealed it plans to start printing new Rs 200 currency notes as part of remonetisation drive.

06 Apr 2017 6:37 PM


RBI to soon issue final guidelines on MDR charges

Reserve Bank issued a draft circular on 'Rationalisation of MDR for Debit Card Transactions' on February 16.

06 Apr 2017 6:19 PM

Rail stocks gather pace, surge up to 12 per cent

RDA will be formed through an executive order of the government, according to the Cabinet decision.

06 Apr 2017 5:49 PM

Reserve Bank makes NEFT funds transfer faster, easier

Central bank says NEFT settlement cycle will be reduced from hourly batches to half hourly batches.

06 Apr 2017 5:47 PM

RBI projects inflation to rise to 5 pc on El Nino risks

Prominent risk could emanate from managing implementation of allowances fixed by 7th Pay Commission.

06 Apr 2017 4:32 PM

RBI retains policy at 6.25 pc; ups reverse repo, MSF by 25 bps

Central bank cited upside risks to inflation and excess liquidity in system for its decision to hold key rate.

06 Apr 2017 3:52 PM


India ranks 9th among 41 countries in corruption in biz: survey

Ranking has improved marginally from the survey findings in 2015 when India was at the sixth position.

06 Apr 2017 3:50 PM

India to grow at 7.4 per cent in FY18: ADB

India recorded a growth rate of 7.1 per cent in 2016-17, despite fears that demonetisation.

06 Apr 2017 2:54 PM

RBI keeps repo rate unchanged at 6.25 per cent

Central bank also projects 7.4 per cent GDP growth for current fiscal, up from 6.7 per cent in 2016-17.

06 Apr 2017 2:43 PM

Govt open to exploit tidal energy: Piyush Goyal

At present, tidal energy is in the pre-research and development stage and can cost anywhere between Rs 17 to 36 per unit.

06 Apr 2017 2:08 PM

Fed minutes reveal debate over inflation and Trump

The Fed's decision to boost its key policy rate by a quarter-point left it in a range of 0.75 per cent to 1 per cent.

06 Apr 2017 1:21 PM


Services PMI rises for second straight month in March

Nikkei India Services PMI, which tracks services sector output every month rose from 50.3 in February to 51.5 in March.

06 Apr 2017 11:38 AM

Banks, post offices exempt from cash withdrawal limit

The move to ban cash transactions above Rs 2 lakh was aimed at curbing black money, according to govt.

06 Apr 2017 11:11 AM