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The belief is this would force departments to show efficiency and necessity for funds.

Govt may seek Rs 30,000 cr interim dividend from RBI

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to...

29 Sept 2019 2:38 PM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

RBI rate decision, macro data to steer markets in holiday-shortened...

Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.

29 Sept 2019 11:06 AM IST

Remove withdrawal limit on PMC customers: Congress

The party also attacked the Modi government on the rising prices of onions.

28 Sept 2019 2:44 AM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

When bizmen default, taxpayers lose savings

It appears wisdom is yet to dawn despite serious banking events that keep bobbing up every few months.

28 Sept 2019 12:00 AM IST

Indiabulls Real Estate posted a 95 per cent decline in its consolidated net profit at Rs 108.56 crore for the fourth quarter of the last fiscal as against Rs 2,181.13 crore in the year-ago period, according to a regulatory filing.

Plea for probe into alleged misappropriation of funds by Indiabulls,...

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.

27 Sept 2019 3:29 PM IST

Reserve Bank of India (RBI)

RBI raises withdrawal limit for PMC bank customers to Rs 10,000

In a statement, the central bank said PMC Bank customers can now withdraw Rs 10,000 from their account, instead of Rs...

26 Sept 2019 4:39 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank has enough liquidity, depositors' money fully safe, claims...

RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.

26 Sept 2019 12:49 PM IST

Hackers used the global SWIFT bank messaging service to initiate a series of fraudulent transactions.

RBI rebuts social media rumours on closure of 9 banks

Finance secretary Rajiv Kumar discribed such social media messages as 'mischievous.'

25 Sept 2019 5:30 PM IST

Shaktikanta Das

Experience more relevant than what you learnt 35-40 years ago: RBI Gov...

RBI Gov Shaktikanta Das was responding to a question whether his academic qualification weighed him down as the...

22 Sept 2019 6:43 PM IST

Govt doing everything possible to bring India back on high growth...

We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.

18 Sept 2019 6:16 PM IST

Sanjeev Sanyal, principal economic adviser at the Finance Ministry.

More space on monetary side than fiscal for boosting growth: Sanyal

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand...

18 Sept 2019 12:42 PM IST

Economic Affairs Secretary Shaktikanta Das

5 pc Q1 growth surprise; economy will look up with measures taken: RBI...

He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.

16 Sept 2019 7:28 PM IST