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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI can transfer Rs 1 trillion of excess reserves to govt: report

The government for the second year in a row has pegged fiscal deficit at 3.3 per cent of GDP this fiscal year.

26 Nov 2018 4:12 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

Government does not need RBI funds yet: Arun jaitley

RBI to aid small businesses and give bankers more time to step up capital norms to encourage lending and stimulate the...

24 Nov 2018 1:32 PM IST

Reserve Bank of India

Govt slugfest with RBI finally ends in a draw

The RBI has sensibly shown selective flexibility to soothe angry government voices.

22 Nov 2018 6:39 AM IST

Urjit Patel, governor, RBI

RBI, Govt board meeting begins, likely to reach common ground on key...

If not in this board meeting, the issue of relaxation of PCA framework would reach a resolution in the next few weeks.

19 Nov 2018 8:20 AM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

Govt, RBI must work together, end turf war

An angry Jaitley wanted to know why the RBI had failed in its oversight duty of checking the increasing non-performing...

19 Nov 2018 12:05 AM IST

The manifesto, called as Drishti Patra or vision document, was released by Finance Minister Arun Jaitley at the state BJP headquarters in Bhopal. (Twitter screengrab | @BJP4MP)

BJP MP manifesto: Jobs, farm bonus, scooty for girls

The BJP manifesto also announced to develop a dedicated port in a coastal state to export produce of farmers of MP.

18 Nov 2018 1:19 AM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

Only those who have lot to hide won't allow CBI: Jaitley on Andhra, WB...

Andhra Pradesh and West Bengal governments have withdrawn their 'general consent' to CBI to conduct raids and...

17 Nov 2018 4:34 PM IST

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Censoring media not viable, says minister

The finance minister pointed out that in the age of social media, the greatest challenge before the press is to retain...

17 Nov 2018 1:32 AM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

High growth necessary for poverty alleviation: Arun Jaitley

Govt offered insurance at very affordable premium as part of the social security system through the PMJDY account.

15 Nov 2018 4:27 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

GST a monumental reform, hit growth only for 2 quarters: Jaitley

Former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing the India's growth story.

12 Nov 2018 11:08 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

BJP, Congress duel as demonetisation turns two

Arun Jaitley lists demonetisation benefits; ex-PM, others call it 'brutal assault'.

9 Nov 2018 2:15 AM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

Demonetisation led to formalisation of economy, expanded tax base:...

The indirect tax to GDP ratio has gone up to 5.4 per cent post GST, from 4.4 per cent in 2014-15.

8 Nov 2018 12:29 PM IST