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With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
Sufficient cash in the vaults and chests: RBI

ATM industry body counters low supply since April 1.

18 April 2018 12:52 AM IST

Finance Minister Arun JaitleyBusiness
Adequate currency in circulation, says Arun Jaitley

Temporary shortage in certain states is being tackled quickly, says Jaitley.

17 April 2018 12:58 PM IST

World Bank in its twice-a-year South Asia Economic Focus report said that the growth is expected to accelerate from 6.7 per cent in 2017. (Photo: ANI)Business
World Bank predicts 7.3 per cent growth for India

The apex international financial institution forecasted a rate of growth of 7.5 per cent for 2019 and 2020.

17 April 2018 9:59 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
GoM to meet today, discuss simplification of GST returns

Approximately 40 industry and trade bodies, and 20 tax experts are expected to be a part of the meeting.

17 April 2018 9:51 AM IST

Chinas GDP figures are a closely watched measure of economic growth in the country, which affect business and financial decisions around the globe.Business
China first-quarter GDP grows 6.8 pc, slightly more than expected

GDP in first quarter grew 1.4 per cent, compared with revised growth of 1.6 per cent in October-December.

17 April 2018 8:48 AM IST

A 59-year old woman transformed her appearance through plastic surgery in order to avoid $3.71 million of personal debts. (Photo: Pixabay)Business
NPA resolution may get 180 days more

Poor valuations, over-burdened NCLT may prod govt to relax time limit.

17 April 2018 8:38 AM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)Business
Inflation dips to 2.47 per cent in March

Inflation was at 2.48 per cent rise in February and 5.11 per cent in March last year.

17 April 2018 12:31 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
NPA maze: Govt for scrapping of one-day default norm

Govt as well as banks feel one-day delay norm could harm businesses and lead to making loans below Rs 2,000 cr.

16 April 2018 8:52 AM IST

Senior Congress leader Jairam Ramesh in conversation with Manipal Global Education chairman T.V. Mohandas Pai on Economic and Political Policies of India, organised by B.PAC in Bengaluru on Saturday (Photo: DC)Business
In '90s, India's per capita income was 15percent higher than China's:...

As for India, Indian capitalists made socialism respectable through several scandals, like the Godhra scandal,-"...

15 April 2018 3:41 AM IST

The export items mainly include marine and seafood products, automobile tyres and bicycle tyres/tubes, leather and articles of leather, yarn and fabric of wool, glass handicrafts and bicycles, the finance ministry said. (Representational Image)Business
India's March exports fall amid trade tensions

India's merchandise exports in March fell 0.7 per cent year-on-year to USD 29.1 billion.

14 April 2018 11:34 AM IST

The countrys foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.Business
India's forex reserves at record high of USD 424.867 billion

In the previous week, the reserves had surged by USD 1.828 billion to USD 424.366 billion.

13 April 2018 5:37 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Analysts uncertain on RBI rate cut due to inflation concerns

Even as inflation cooled to 4.3 per cent for March led by food prices, analysts are not so certain about a policy rate...

13 April 2018 3:45 PM IST

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