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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

DBS expects RBI to cut its policy rates by 0.25 pc

Real interest rates are also high about 400 basis points compared to RBI's preference for 1.25-1.75 pc.

31 July 2017 1:17 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI likely to cut rate on Aug 2 as inflation hits record low

A rate cut will give a push to credit growth which has been sluggish from last many quarters.

30 July 2017 1:25 PM IST

Morgan Stanley cuts CPI forecast on benign GST

Morgan Stanley has lowered its inflation forecast for 2017 to 3.1 per cent from 3.6 per cent earlier.

30 July 2017 11:44 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI may cut repo rate on Aug 2 on lowest inflation

The central bank headed by governor Urjit Patel last cut its key interest rate in October 2016.

28 July 2017 4:29 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Once 'fragile' India gets thumbs up even as rates set to fall

Rate cuts are likely to be justified by lower inflation and higher-trend growth rates in India due to reforms.

28 July 2017 10:28 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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 to cut repo rate by 25 bps on August 2: HSBC

According to the global financial services major inflation in India has fallen dramatically.

27 July 2017 1:42 PM IST

GST to cut inflation by 2 per cent : Adhia

Revenue minister said that special care has been taken to ensure inflation does not go up.

21 May 2017 12:04 PM IST

The operator-assisted tests involves the telecom firms equipment and costs, with the regulator monitoring and supervising the entire process.

Mobile phones, recharges to get costlier under GST

GST Council has fixed 18 per cent tax for telecom services, 12 per cent for mobile phone manufacturing.

20 May 2017 11:59 AM IST

During April-December period, exports grew marginally by 0.75 per cent USD 198.8 billion.

GST will take three months to stabilise industries: Crisil

Of two, efficiency in goods will be higher than that in services, Crisil said in a note.

20 May 2017 11:26 AM IST

Earlier in the day, a case was registered against the Ola cab driver. (Representational Image)

Ola, Uber rides could get cheaper under GST

At present, a service tax of 6 per cent is levied on rides booked through cab aggregators like Ola and Uber.

20 May 2017 11:11 AM IST

Finance Minister Arun Jaitley

GST: FinMin warns industry against arbitrary price hike

Tax department may invoke anti-profiteering clause after mechanism is put in place.

20 May 2017 10:59 AM IST

Prime Minister Narendra Modi. (Photo: PTI)

3 years of stability, future looks bright

Urbanisation and urban infrastructure is being supported through the SMART City and AMRUT programmes.

25 May 2017 12:48 AM IST