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The district administration is now concentrating on curbing the illegal transport of petrol and diesel in the district.Business
Finance ministry won't favour cut in fuel duty

No tinker likely to autonomy on pricing n Oil ministry has yet officially asked for a cut.

24 April 2018 12:59 AM IST

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
Infra lending may take a back seat as RBI refuses to budge on new NPA...

Banks requested the RBI to make the required majority to 75 per cent for any such plan.

23 April 2018 1:59 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.Business
India's economy could grow at 7.4 per cent in 2018-19: RBI

India's annual retail inflation eased for a third straight month in March to 4.28 per cent.

23 April 2018 8:33 AM IST

Prime Minister Narendra Modi on Thursday said subsidy targeting using trinity of Jan Dhan accounts, mobile numbers and Aadhaar helped save the government USD 10 billion. (Photo: PTI)Business
Deposits in Jan Dhan accounts cross Rs 80,000 crore

India's financial inclusion efforts have won recognition from the World Bank.

22 April 2018 1:56 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Probability of RBI rate hike has increased, say experts

The minutes of the RBI's monetary policy committee (MPC) are 'hawkish' and indicate a hike in key policy rates.

22 April 2018 11:23 AM IST

World Trade Organisation chief Roberto Azevedo. (Photo: PTI)Business
Escalating trade dispute could derail recovery: WTO chief

The impact of an all-out trade war would hit poor countries.

21 April 2018 10:27 AM IST

For over a year, India had been the fastest growing economy, second only to China. This has now changed.Business
India contributing to global growth in financial inclusion: World Bank

Report states that about 51.4 crore accounts have been opened globally from 2014 to 2017.

20 April 2018 10:20 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.Business
RBI minutes: Patel in favour of more data before changing policy...

The flow of funds from non-bank sources to the corporate sector has also been rising.

20 April 2018 9:15 AM IST

ATMs in cities of Uttar Pradesh, Bihar, Andhra Pradesh, Maharashtra and poll-bound Karnataka were either not operating or showed no cash signs, reminiscent of post-demonetisation scene.Business
Banks: Only 30-40 per cent ATMs in Telangana are working

The cash crunch has eased slightly on Thursday as around 86 per cent of the ATMs were functioning across the country.

20 April 2018 1:43 AM IST

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

During the previous MPC meeting, only one member was in favour of a rate hike while others favoured a neutral stance.

20 April 2018 12:49 AM IST

SBI chairman designate Rajnish Kumar.Business
Time not ripe for large scale privatisation of PSBs: SBI Chief

Privatisation of PSBs as private banks had not shown any exceptional performance' in many countries.

19 April 2018 3:30 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.Business
RBI to recoup forex reserves despite being put on US watch list:...

Government will also likely want the RBI to accumulate forex reserves to maintain a stable INR.

19 April 2018 2:44 PM IST

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