Tuesday, Jun 28, 2022 | Last Update : 08:51 PM IST

  Business   Economy  06 Jun 2019

Business, Economy, 06 Jun 2019

Repo rate cut to boost housing demand if banks pass on benefit to customers: Realtors

RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 per cent.

06 Jun 2019 6:06 PM

Rising growth concerns prompted third rate cut: Shaktikanta Das

MPC announced a 25 bps rate cut in short term lending rate to 5.75 percent, which is the lowest repo rate in nine years.

06 Jun 2019 3:36 PM

Industry, exporters should not depend on subsidies; work on competitiveness: Goyal

The minister emphasised on need to increase strengths of the industry as it would help in boosting manufacturing and exports.

06 Jun 2019 3:26 PM

Government considering rolling out second phase of fertiliser DBT

The transfer of fertiliser subsidy directly into farmers' bank accounts was to be taken up in the second phase.

06 Jun 2019 2:07 PM

RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan

The reduction in interest rate will help boost credit growth, helping arrest the slowdown in the economy

06 Jun 2019 2:02 PM

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New NPA resolution norms in 3-4 days: Shaktikanta Das

On April 2, the SC had declared as 'ultra vires' the February 12 circular that mandated banks to label even a day's default as NPA.

06 Jun 2019 1:18 PM

RBI removes charges on RTGS/NEFT transactions; asks banks to pass on benefits

RBI has decided to set up a committee to review the charges levied on the use to ATMs.

06 Jun 2019 12:53 PM

Highlights of RBI's monetary policy statement

Raises retail inflation forecast for Apr-Sept to 3-3.1 per cent and 3.4-3.7 per cent in Oct-March.

06 Jun 2019 12:48 PM

RBI lowers economic growth forecast to 7 pc for FY20

Weak global demand due to escalation in trade wars may further impact India's exports and investment activity, said RBI.

06 Jun 2019 12:41 PM

RBI raises retail inflation forecast for Apr-Sept FY20 to 3-3.1 pc

Cutting benchmark lending rates for the third consecutive time, RBI slashed the repo rate by 0.25 pc

06 Jun 2019 12:29 PM

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RBI cuts key rate by 25 bps, changes neutral policy stance to accommodative

Benchmark interest rate was cut by 0.25 per cent to 5.75 per cent from 6.00 per cent.

06 Jun 2019 12:04 PM

After dismal data, India sets up cabinet panels on jobs, economy

The unemployment rate rose to a multi-year-high of 6.1 per cent in the 2017-18 fiscal year.

06 Jun 2019 11:46 AM

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