Home » Business » Economy

Economy - Page 307

The CBI on Friday questioned a former Deputy Governor of the Reserve Bank, H R Khan, in connection with alleged bank fraud cases involving diamond traders Nirav Modi and Mehul Choksi and relaxation of gold import policy by the erstwhile UPA government, sources said on Friday.

PNB fraud case: CBI quizzes ex-deputy governor of RBI

The officials said he was questioned about the UPA government's 20:80 gold import scheme.

6 April 2018 6:45 PM IST

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

FICCI recommends RBI to 'find space for rate cut'

FICCI has said the former must find space for a rate cut in the coming quarters.

6 April 2018 5:43 PM IST

The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

Railway catering services in trains, stations to attract 5 pc GST

The Finance Ministry has written to the Railway Board on March 31 about the 5 per cent rate.

6 April 2018 5:04 PM IST

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

RBI to review feasibility of introducing digital currency

Virtual currencies raise concerns of consumer protection, market integrity and money laundering.

6 April 2018 3:47 PM IST

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar.

RBI sets rupee reference rate at 64.9884 against US dollar

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar and 79.5133...

6 April 2018 2:01 PM IST

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

Govt preparing action plan to recover revenues from likes of Mallya

CBDT has formed a committee to study these cases and prepare an action plan.

6 April 2018 12:40 PM IST

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

RBI directs payment operators to keep data within India

RBI said, will be given six months to make the necessary transition.

6 April 2018 11:52 AM IST

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

Reduction in inflation forecast for FY19 makes RBI policy eventful

RBI credit policy was in line with market expectation in terms of maintaining status quo on policy rates.

6 April 2018 11:39 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI lets rates unchanged, forecasts lower inflation

â€œOn balance, we decided to remain watchful about the unfolding of these risks as well as the impact on inflation of...

6 April 2018 12:31 AM IST

RBI governor Urjit Patel and deputy governors in Mumbai. (Photo: AP)

RBI explores India's digicoin, banks told to reject bitcoins

Digital currency may save on printing, distribution costs of notes.

6 April 2018 12:24 AM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.

RBI cracks down on digital currencies; plans own cryptocurrency

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies.

5 April 2018 6:21 PM IST

The US dollar ended sharply cheaper against the rupee at 64.97/98 per dollar.

US dollar ends sharply cheaper against rupee

Pound sterling also finished lower at 91.25/27 per pound.

5 April 2018 6:11 PM IST