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RBI data show fall in foreign currency assets caused drop in total forex reserves. (Photo: PTI)

Forex reserves down by USD 942 million to USD 393.523 billion

Forex reserves had touched a record high of USD 426.028 billion in the week to April 13, 2018.

26 Oct 2018 6:07 PM IST

Prime Minister Narendra Modi

Modi calls for 'tax-plus one' system of honest tax payment

During 2017-18 fiscal, the direct tax to GDP ratio at 5.98 per cent is the best in the last 10 years.

25 Oct 2018 11:09 AM IST

I appeal to Sonia Gandhi to rise above vote bank politics. I would also request the same from Mayawati and Mamata Banerjee, Union Minister Ravi Shankar Prasad said. (Photo:L

Cabinet takes steps to speed up disposal of benami cases

Benami transaction refers to transactions made in a fictitious name, or the owner is not aware of the ownership of the...

25 Oct 2018 11:00 AM IST

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.

Govt coerces RBI to ease PCA norms

Economic policy decisions can't be too stringent to adjust in times of crisis, said a finance ministry official.

25 Oct 2018 10:53 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August. Photo: PTI

FPIs declare quit India movement

FPI outflows intensified in September with net equity outflows of $1.3 billon.

23 Oct 2018 11:18 AM IST

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: DC)

Rupee gains 8 paise to 73.24 against US dollar in early trade

Weakness in the dollar against a few currencies overseas and early gains in domestic equities gave some support to the...

22 Oct 2018 9:43 AM IST

The cyber crime police say that the fraudsters are now coming up with innovative methods to dupe the unemployed youth in the guise of overseas jobs. (Representational image)

Master thieves and ever susceptible Indian banks

CVC dissects modus operandi and loopholes in 47-page study of top 100 bank frauds.

22 Oct 2018 9:33 AM IST

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS may sell financial services, energy arms

Uday Kotak's lieutenant Raghunath is architect of the revival plan.

22 Oct 2018 9:24 AM IST

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

Reserve Bank of India highlights inflation spike risk, signal rate...

Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.

22 Oct 2018 9:01 AM IST

The RBI has cancel

RBI's monetary policy committee highlights inflation spike risk,...

India's retail inflation rose to 3.77 per cent in September from 3.69 per cent in August.

20 Oct 2018 11:14 AM IST

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

RBI allows banks to lend more to some non-banking finance firms

The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs .

19 Oct 2018 11:25 AM IST

Interestingly, 15 per cent of the companies out of total 478 companies under the study have slipped into default category and most of them are in textile business.

Rupee fall to hit exports, says Study

While companies, which have resorted to external commercial borrowings are taking a hit on their bottom line.

18 Oct 2018 1:28 AM IST