The Monetary Policy Committee kept the repo rate unchanged and increased the inflation forecast in the February meeting. Here are the key takeaways.
"Spectrum above 3000 MHz will be put up for auction for the first time in the forthcoming auction," telecom minister Manoj Sinha said in a written reply to the Lok Sabha.
The bank had initially launched the deal at 150 basis points over the treasury yield, which helped the bank to achieve a final pricing of 130 basis points over equivalent 5 year U.S treasury yield
As per the expectations, the sixth bi-monthly Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meet kept the policy repo rate unchanged at 6 percent.
Pradhan gave the response in Rajya Sabha on a written reply to a question on splitting state-owned gas utility GAIL India Ltd by separating its gas marketing business from its primary role as a transporter of gas.
Under the PSS, procurement is undertaken to protect farmers when market rates fall below the minimum support price (MSP) level.
The project will be undertaken in seven zones of West Bengal, under the jurisdiction of Kolkata-based Eastern Railway, South Eastern Railway (SER) and Maligaon-based North Frontier Railway (NFR), he said.
The decision of the MPC is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of +/- 2 percent while supporting growth.
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate — the repo rate — unchanged at 6 percent.
The Monetary Policy Committee has kept the key policy rates unchanged including the repo rates at 6 percent while the reverse repo was at 5.75 percent.
According to Naukri.com's semi-annual survey, 67 per cent respondents are optimistic towards creation of new job opportunities as compared to 60 per cent in July-December last year, while 20 per cent said only replacement hiring will happen over the period.
The central bank has cut GVA guidance for FY18 to 6.6 percent from 6.7 percent earlier and for FY19 the guidance has been cut to 7.2 percent from 7.4 percent
Reserve Bank of India’s Monetary Policy Committee has voted 5 to 1 in favour of a status quo on rates. It has flagged off upward risks to inflation and lowered the growth projections for this year marginally.
India has four terminals to receive liquefied natural gas (LNG) and imports around 20 million tonnes of the super-chilled fuel a year. But over the next seven year the government plans to build another 11 terminals, said Narendra Taneja, spokesman for the ruling Bharatiya Janata Party (BJP).
But for an employee, the base pay/salary is what attracts him/her to the new job.
The previous record was in 1981 when exports had reached 241.25 million kilograms. As compared to 2016, exports in the following year was 8.20 per cent higher by 18.23 million kilograms, Tea Board said, adding that the value of exports was Rs 4731.66 crore, which was an increase of 5.90 per cent over the previous year.
The needs and desires of the new age consumer are only growing, and rightfully so, the credit industry is always
On the online lending to MSMEs, the minister said a trial run conducted for Prime Minister's Employment Guarantee Programme was successful and transparent and the model may be taken forward.
The RBI MPC is likely to continue slightly hawkish pause. "We continue to expect the RBI to persist with its slightly hawkish pause in its policy, on the side of caution. Inflation is likely peaking off to 5 percent in January from 5.2 percent in December with the vegetable price spike is expectedly reversing," BofAML said in a report.
The MPC will be wary of the inflation trajectory over the next six months. India’s CPI inflation is due to increase to around 6 percent by June 2018 and from thereon glide down to around 4.5 percent by March 2019. However, the monetary policy will decidedly be on the hawkish side with very little downside visible in the inflation trajectory.
The Reserve Bank of India (RBI) will unveil its monetary policy this afternoon. In an interview to CNBC-TV18, Deepali Bhargava, Economist at Credit Suisse shared her views on the likely outcome of the credit policy.
The allocation made during the 2018-19 fiscal is about Rs 150 crore more than the previous year's allocation. In 2017-18, Odisha had received Rs 5102 crore for the Railway sector, he said.
Among major policies approved in the state cabinet meeting held here today under Chief Minister Devendra Fadnavis were Maharashtra Aerospace and Aviation and Defence Sector Manufacture policies.
CNBC-TV18’s Ritu Singh caught up with Rajnish Kumar, Chairman of State Bank of India (SBI) and asked his expectations from the Money Policy Committee (MPC) in today's credit policy.
The Union Cabinet has approved disinvestment of Air India and the government aims at completing its sale by year-end.