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PM Modi said Infrastructure does not differentiate on the basis caste, creed, religion and economic status. (Photo: ANI/Twitter)

RBI's rate hike upsets Modi's election year budget maths

Rate hike will push up govt's interest financing cost and add to the fiscal deficit pressure on one hand.

8 Jun 2018 9:13 AM IST

Union minister Piyush Goyal

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

8 Jun 2018 8:51 AM IST

Moodys Investors Service

India may cut expenditure to stick to 3.3 pc fiscal deficit: Moody's

Moody's had last year upped India's sovereign rating for the first time in over 13 years to 'Baa2'.

7 Jun 2018 2:37 PM IST

Post 2014 general election, FDI inflows saw a compound annual growth rate of 11 per cent. (Photo: PTI)

FDI into India decreased to USD 40 billion in 2017, says UN

The report said that cross-border merger and acquisitions sales for India rose from USD 8 billion to USD 23 billion.

7 Jun 2018 1:27 PM IST

Power Minister Piyush Goyal

RBI's policy stand confirms economic activity is on upswing: Goyal

The finance ministry said it welcomed the monetary policy of the banking regulator.

7 Jun 2018 9:15 AM IST

On a similar note, Rajeev Radhakrishnan, head of fixed income at SBI Mutual Fund said pre-emptive rate hike seems more in response to financial market stability.

Rate hike in tune with global trend to back rupee

Indonesia also faced similar pressure, with the currency facing the heat from strong foreign debt outflows and rising...

7 Jun 2018 2:16 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Super credit registry mooted

RBI panel recommends setting up of credit info repository for people and companies to curb NPAs.

7 Jun 2018 2:15 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

After four years, RBI hikes repo rate by 25 bps to 6.25 per cent on...

This is the first increase in interest rate since January 2014. Since then, the RBI has slashed rates on six occasions.

7 Jun 2018 1:17 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: PTI)

RBI may go for more rate hikes, says HDFC Bank

The boost in liquidity through changes in liquidity coverage ratio will be offsetting the repo rate hike.

6 Jun 2018 5:44 PM IST

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. Photo: PTI

Home loan and auto loan to go up as RBI hikes policy rate

The reverse repo rate, at which it borrows from banks, was also raised by similar proportion to 6 per cent.

6 Jun 2018 5:03 PM IST

The Central Statistical Organisation had estimated a GDP growth of 7.1 per cent for 2016-17 earlier in January.

RBI retains 7.4 per cent GDP growth forecast for FY 2018-19

The Indian economy had grown at 6.7 per cent last fiscal.

6 Jun 2018 3:52 PM IST

RBI has included HDFC in its list of too big to fail banks.

RBI marginally revises upwards inflation forecast

Retail inflation, based on Consumer Price Index (CPI), rose sharply to 4.6 per cent in April.

6 Jun 2018 3:42 PM IST