Jan 18, 2017 at 21:22 | Source: Reuters
The Reserve Bank of India has injected rupees 9.2 trillion ($135.21 billion) worth of new currency notes into the banking system to help replace the notes banned in November, a parliamentary panel member quoted central bank governor Urjit Patel as saying on Wednesday.
Jan 18, 2017 at 19:52 | Source: PTI
Kerala Chief Minister Pinarayi Vijayan today asked Reserve Bank of India to change its stand towards state Cooperative sector in the wake of an admission by the apex bank that there was no black money in the cooperatives.
Jan 18, 2017 at 19:38 | Source: PTI
Reserve Bank Governor Urjit Patel today escaped possible grilling by a parliamentary committee over the demonetisation issue but for the intervention of former Prime Minister Manmohan Singh.
Jan 18, 2017 at 17:20 | Source: PTI
Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.
Jan 18, 2017 at 13:10 | Source: PTI
Patel will brief the parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch post withdrawal of Rs 500 and Rs 1,000 notes.
Jan 18, 2017 at 13:00 | Source: PTI
According to the global financial services major, further easing is likely as demonetisation is hurting growth while inflationary pressure is benign and the government is expected to target a conservative fiscal deficit of 3.5 percent of GDP.
Jan 18, 2017 at 09:13 | Source: Reuters
"If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid," Fed Governor Lael Brainard said at an event hosted by the Brookings Institution.
Jan 18, 2017 at 09:09 | Source: Reuters
San Francisco Federal Reserve Bank President John Williams on Tuesday said he sees a "good case" for three rate hikes this year even without any fiscal stimulus, but if the economy accelerates, the Fed would need to raise rates faster.
Jan 17, 2017 at 17:10 | Source: PTI
According to the global financial services major, the WPI readings are likely to head towards 4 percent in the first quarter of this year from 3.4 percent in October-December quarter of 2016.
Jan 17, 2017 at 09:52 | Source: PTI
"If it is true, then what purpose the decision of demonetisation (whose one of the aims was to extinguish black money) has served? The entire episode has put the credibility of RBI at stake."