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GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)

Cheap loans likely as RBI cuts rate after GST

Four members of the RBI's Monetary Policy Committee voted to cut rates by 25 bps.

3 Aug 2017 3:35 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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 may need to drain up to $22 billion as inflows add to excess...

RBI to buy more than $10 billion in spot market and $10 billion in forwards this year.

10 Aug 2017 12:46 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

Retail inflation seen picking up for first time in 4 months

Consumer price index likely rose 1.87 per cent after dipping to an historic low of 1.54 per cent in June.

9 Aug 2017 1:13 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI eases cash balance requirement for banks

The higher CRR is applicable on incremental deposits raised between September 16 and November 11, 2016.

30 Nov 2016 7:40 PM IST

The demonetisation had a major effect on economy as the move sucked in 18 billion 500 and 1000 rupee notes which are valued at Rs. 14 lakh crore out of circulation. (Photo: PTI)

This is what will happen to discarded notes

RBI to recycle scrapped notes for making various office stationery.

30 Nov 2016 1:54 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI may bring rate cut in Dec to support growth

Note ban is expected to affect economic activity, especially consumption, supply chain and cash dependent businesses.

29 Nov 2016 12:57 PM IST

Reserve Bank of India

Banks won't be reducing rates

This has been done with retrospective effect from September 16 to November 26 on incremental deposits of Rs 3.2 lakh...

29 Nov 2016 6:39 AM IST

Reserve Bank of India

Bonds, bank shares fall on RBI's liquidity move

The RBI said banks would need to transfer 100 percent of their cash under the RBI's cash reserve ratio.

28 Nov 2016 11:34 AM IST

Former Finance Minister P Chidambaram

Chidambaram favours change in direct tax rates

The Former Finance Minister believes current situation also makes for a strong case for a rate cut.

28 Nov 2016 10:58 AM IST

People queue up outside a bank to deposit their old currency notes in New Delhi. (Photo: PTI)

Rs 500/1000 notes scrapped on RBI advice: Government

The government re-negotiated double taxation treaties with Mauritius and Cyprus, and bankruptcy code was brought in.

26 Nov 2016 8:31 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.

RBI acts to control excess liquidity condition

Central bank introduces incremental CRR to manage excess liquidity in banks due to demonetisation.

26 Nov 2016 6:23 PM IST

New notes of Rs 2000 issued by the Reserve Bank of India. (Photo: PTI)

Nepal bans new Indian notes, calls them illegal'

Nepal Rastra Bank has called the new currency notes unauthorised and illegal .

25 Nov 2016 12:42 AM IST