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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI lowers economic forecast to 6.6 per cent for FY18

Recapitalisation of PSUs along with resolution of stressed assets under IBC will create demand for fresh investments.

7 Feb 2018 4:09 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI likely to keep interest rate on hold for 3rd time in a row

RBI had reduced benchmark lending rate by 0.25 percentage points to 6 pc in August, bringing it to a 6-year low.

5 Feb 2018 5:19 PM IST

Revenue deficit target of 2 per cent of GDP will be met in current fiscal, the deficit would be 1.9 per cent in the next.

Rs 80,000 crore divestment, 3.3 per cent deficit target achievable:...

Imposition of a 25 per cent corporate tax on MSMEs with turnover of less than Rs 250 crore is yet another step in the...

2 Feb 2018 5:38 PM IST

Asias century: Defining moments in history!

Asia's century: Defining moments in history!

Military historians see this as one of the greatest battles of the 20th century and a defining moment in the history of...

23 April 2018 12:39 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Normal monsoon may prompt rate cuts by RBI in August: report

RBI is expected to go for a 25 basis points rate cut in key rates in its policy review meet in August.

18 April 2018 1:15 PM IST

Gross NPAs increased to 10.2% in September 2017, compared to 9.6% in March, according to the RBI which has cautioned against further deterioration.

Toxic loans mount: Are banks to be blamed?

The advantage of having extra capacity in the form of lacunae in the infra sector in particular meant that there was...

15 April 2018 6:07 AM IST

Shobana Kamineni (Photo: Sondeep Shankar)

CII president urges India Inc to invest

Recently, 14,000 reforms have been done by all the states combined to ensure procedures are streamlined, said Mr...

9 April 2018 12:30 AM IST

Union minister C.R. Chaudhary

Poor Logistics costing India 14 per cent of GDP: MoS

Logistics Data Bank project is underway to make India's logistics sector more efficient through the use of information...

7 April 2018 6:22 AM IST

(Representational image)

Financial inclusion is the key to inclusive growth

Access to and integration into these networks enhances their productivity leads to shared prosperity.

30 July 2018 1:40 AM IST

According to HSBC, the public spending component of GVA and the government consumption component of GDP grew at a rapid pace, accounting for roughly one-fifth of overall growth.

Indian economy set to grow fastest

On India, it said: "In sum, the GDP growth forecast for FY19 is maintained at 7.3 per cent.

20 July 2018 5:07 AM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

India poised to pip Britain to become 5th largest economy next year:...

India's GDP was valued at USD 2.597 trillion at the end of 2017 overtaking the French economy.

13 July 2018 3:29 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

States fail to meet fiscal targets for third year: RBI

Decline in states' tax revenues is essentially associated with pending accounting issues related to GST implementation.

13 July 2018 9:06 AM IST