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Economic Affairs Secretary Shaktikanta Das

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.

6 Jun 2019 3:36 PM IST

According to the trade data for August, 2018 while exports have shown a growth of about 19 per cent in dollar terms, the rupee realisations for the export shipments went up close to 30 per cent, said Assocham.

Industry, exporters should not depend on subsidies; work on...

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

6 Jun 2019 3:26 PM IST

About Rs 78,000 crore has been budgeted for paying fertiliser subsidy in the current 2019-20 fiscal. (Photo: Representational Image)

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.

6 Jun 2019 2:07 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

RBI cuts interest rates to 9-yr low, expects banks to quickly lower...

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

6 Jun 2019 2:02 PM IST

Economic Affairs Secretary Shaktikanta Das

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...

6 Jun 2019 1:18 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

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

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

6 Jun 2019 12:53 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

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.

6 Jun 2019 12:48 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

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.

6 Jun 2019 12:41 PM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

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

6 Jun 2019 12:29 PM IST

Shaktikanta Das

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

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

6 Jun 2019 12:04 PM IST

Narendra Modi was Saturday appointed Prime Minister by President Ram Nath Kovind after he was unanimously elected NDA parliamentary party leader at a meeting in which he asked its members to work without discrimination, stressing on the need to win over the trust of minorities. (Photo: Twitter/ @BJP4India)

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.

6 Jun 2019 11:46 AM IST

Tobacco contributes a major percentage of the total value of commercial crops in India generating huge socio- economic benefits in terms of agricultural employment, farm incomes, revenue generation and foreign exchange earnings. (Photo: File)

Rs 11.79 lakh cr Indian tobacco sector employs 4.5 cr people: Study

India is a leading tobacco exporter with exports of leaf tobacco and tobacco products contributing Rs 6,000 crore...

5 Jun 2019 5:55 PM IST