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Moneycontrol

Economy

  • Inflation down, but oil & rupee could be spoilers

    Inflation down, but oil & rupee could be spoilers  

    The Reserve Bank of India (RBI) on Wednesday retained its March-end retail inflation forecast of 5 percent, but high oil prices and rising interest rates could have push up domestic prices.

    07 Dec 2016, 5.24 pm  |  Source: Moneycontrol.com

  • COMMENT: 3 positives on RBI policy that markets may be underestimating

    COMMENT: 3 positives on RBI policy that markets may be underestimating  

    RBI Governor Urjit Patel delivered a status quo on rates that wrong-footed many: A rate cut had been seen as a given, the quantum was the question. That said, there are three positives in a hawkish-looking statement that markets m...

    07 Dec 2016, 5.11 pm  |  Source: Moneycontrol.com

  • RBI credit policy: A quick read of the document

    RBI credit policy: A quick read of the document  

    Note ban may hurt industrial output in November-December due to delays in payments of wages and purchases of inputs, the RBI said

    07 Dec 2016, 5.01 pm  |  Source: Moneycontrol.com

  • COLUMN: RBI move prudent, transmission of old rate cuts key, says Nomura

    COLUMN: RBI move prudent, transmission of old rate cuts key, says Nomura  

    The RBI left the cash reserve ratio unchanged at 4 percent, as expected, and announced that the incremental CRR of 100 percent will stand withdrawn from 10 December. The increase in the market stabilisation securities ceiling to I...

    07 Dec 2016, 4.18 pm  |  Source: Moneycontrol.com

  • Monetary Policy: RBI keeps rates unchanged; abolishes temporary 100% CRR

    Monetary Policy: RBI keeps rates unchanged; abolishes temporary 100% CRR   

    Awash with funds, banks may start cutting loan rates to productively deploy unexpected deposit surge; RBI lowers 2016-17 growth forecast by 50 basis points to 7.1 percent on demonetisation effect.

    07 Dec 2016, 3.36 pm  |  Source: Moneycontrol.com

  • Question of special dividend does not arise: RBI Guv Urjit Patel

    Question of special dividend does not arise: RBI Guv Urjit Patel  

    Actually the withdrawal of legal tender characteristic does not extinguish any of the RBI's balance sheets, and therefore is no implication on the balance sheet as of now, Patel said at a media briefing post the credit policy

    07 Dec 2016, 3.32 pm  |  Source: Moneycontrol.com

  • Demonetisation to impact activities in cash-intensive sectors

    Demonetisation to impact activities in cash-intensive sectors  

    The withdrawal of old Rs 500 and 1,000 notes "could result in a possible temporary reduction in inflation of the order of 10-15 basis points in Q3 (October-December period", the central bank said in the Fifth Bi-monthly Monetary P...

    07 Dec 2016, 3.30 pm  |  Source: PTI

  • Rs 11.5 lakh crore deposited with banks so far: Dy Governor

    Rs 11.5 lakh crore deposited with banks so far: Dy Governor  

    Speaking on the cash crunch in the economy, Gandhi said the central bank was trying to provide adequate cash.

    07 Dec 2016, 3.21 pm  |  Source: Moneycontrol.com

  • Incremental CRR withdrawal a relief to banks: Experts

    Incremental CRR withdrawal a relief to banks: Experts   

    The RBI has kept in the mind the possible rise in crude prices when keeping the rates unchanged, says Sajjid Chinoy, Economics, JPMorgan. A sudden surge in crude prices could create inflationary pressure on the economy.

    07 Dec 2016, 3.19 pm  |  Source: CNBC-TV18

  • Note ban, GST to improve tax compliance, fiscal maths: Report

    Note ban, GST to improve tax compliance, fiscal maths: Report  

    According to Lendingkart Group and Dun & Bradstreet Insight Study, demonetisation of high-value notes is a step in the right direction to curb illicit economy and moving towards a cash-less and transparent economy.

    07 Dec 2016, 3.08 pm  |  Source: PTI

  • Experts View on RBI`s policy rate unchanged

    Experts View on RBI's policy rate unchanged  

    The Reserve Bank of India (RBI) unexpectedly kept its policy repo rate unchanged at 6.25 percent on Wednesday, despite calls for action as an intense cash shortage threatens to slam the brakes on the world's fastest growing major ...

    07 Dec 2016, 3.04 pm  |  Source: Reuters

  • RBI cuts FY17 GDP growth 50 bps to 7.1% on demonetisation blow

    RBI cuts FY17 GDP growth 50 bps to 7.1% on demonetisation blow  

    The central bank sees near term downside risks travelling through two major channels: (a) disruptions in economic activity in cash-intensive sectors such as retail trade, hotels & restaurants and transportation, and in the unorgan...

    07 Dec 2016, 2.52 pm  |  Source: Moneycontrol.com

  • Monetary Policy: RBI keeps repo rate unchanged at 6.25%

    Monetary Policy: RBI keeps repo rate unchanged at 6.25%  

    The Reserve Bank of India (RBI) on Wednesday kept its key lending rate —the repo rate—unchanged at 6.25 percent against a widely-anticipated cut of 25-50 basis points.

    07 Dec 2016, 2.38 pm  |  Source: Moneycontrol.com

  • Centre mulls scrapping wheat import duty to boost supplies

    Centre mulls scrapping wheat import duty to boost supplies  

    The government had in September lowered wheat import duty to 10 percent from 25 percent till February.

    07 Dec 2016, 2.30 pm  |  Source: PTI

  • Demonetisation: ED enquiry operation at 50 banks across country

    Demonetisation: ED enquiry operation at 50 banks across country  

    Officials said multiple teams of the Enforcement Directorate (ED) swooped early morning at over 50 branches of at least ten banks, both in the private and public sector, along with banking auditors to "scrutinise" transaction reco...

    07 Dec 2016, 2.00 pm  |  Source: PTI

  • Govt seeks LS nod for additional expenditure of Rs 59,978 cr

    Govt seeks LS nod for additional expenditure of Rs 59,978 cr  

    Presenting a statement showing the supplementary Demands for Grants in the House, Finance Minister Arun Jaitley said of the total of Rs 59,978.29 crore, the net cash outgo would aggregate to Rs 35,171.92 crore.

    07 Dec 2016, 1.56 pm  |  Source: PTI

  • RBI Policy Updates: Repo rate unchanged but lending rates may fall ahead

    RBI Policy Updates: Repo rate unchanged but lending rates may fall ahead  

    The Reserve Bank of India (RBI) has announced the decision of its fifth bi-monthly monetary policy review of financial year 2016-17. Updates here.

    07 Dec 2016, 1.36 pm  |  Source: Moneycontrol.com

  • FM Jaitley dares Opposition to begin debate over demonetisation

    FM Jaitley dares Opposition to begin debate over demonetisation  

    "The Opposition disrupts proceedings for one reason or the other. I challenge them to begin the debate if they have courage," Jaitley said in the Rajya Sabha.

    07 Dec 2016, 1.03 pm  |  Source: NEWS18.com

  • India seeks nod to up net spending by $5.2 billion

    India seeks nod to up net spending by $5.2 billion  

    Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by 351.7 billion rupees (USD 5.2 billion) in the current fiscal year that ends in March 2017.

    07 Dec 2016, 12.35 pm  |  Source: Reuters

  • PM slams opposition for not allowing debate on demonetisation

    PM slams opposition for not allowing debate on demonetisation  

    In his remarks made at the BJP Parliamentary Party meeting, he said Parliament in the past decades has debated a number of government decisions, which had caused tensions and social conflict, but it was now deadlocked by rival par...

    07 Dec 2016, 12.12 pm  |  Source: PTI

  • RBI may cut rate by 50 bps; liquidity, inflation call eyed: Pros

    RBI may cut rate by 50 bps; liquidity, inflation call eyed: Pros   

    The Reserve Bank of India will hold its bi-monthly policy meet today. Experts expect 25 basis point (bps) cut. But, probability of a 50 bps cut cannot be ruled out, says Vivek Rajpal, Rate strategist at Nomura India.

    07 Dec 2016, 11.29 am  |  Source: CNBC-TV18

  • Industry capacity may hit 150 MT in couple of years: Steel Secy

    Industry capacity may hit 150 MT in couple of years: Steel Secy   

    Government extended minimum import price (MIP) on 19 products for two months to protect domestic steel industry from below-cost imports. Steel Secretary Aruna Sharma believes that steel capacity will reach 150 MT in couple of yea...

    07 Dec 2016, 11.23 am  |  Source: CNBC-TV18

  • RXIL gets RBI nod for 1st trade receivables exchange platform

    RXIL gets RBI nod for 1st trade receivables exchange platform  

    Promoted by Sidbi, the apex financial institution for promotion and financing of MSMEs and the National Stock Exchange, RXIL has SBI, ICICI Bank, Yes Bank, SBI Caps, and ICICI Securities as other investors.

    07 Dec 2016, 8.54 am  |  Source: PTI

  • Wearables market up 3.1% to 23 mn units in Q3: IDC

    Wearables market up 3.1% to 23 mn units in Q3: IDC  

    Even though the smartwatch market took a tumble this quarter, basic wearables -- comprising fitness bands and accounting for 85 percent of the market -- experienced double-digit growth, it said.

    07 Dec 2016, 8.26 am  |  Source: PTI

  • RBI to launch new Rs 100 currency note soon

    RBI to launch new Rs 100 currency note soon  

    "The Reserve Bank will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the numbering panels," RBI said in a release.

    07 Dec 2016, 8.24 am  |  Source: PTI

  • Govt extends implementation of steel quality order by 2 mths

    Govt extends implementation of steel quality order by 2 mths  

    The earlier deadline expired today and the present extension was necessitated as licensing process by BIS would take some more time, the Steel Ministry said in a statement.

    07 Dec 2016, 8.24 am  |  Source: PTI

  • Cashless transactions on rise post demonetisation

    Cashless transactions on rise post demonetisation  

    While a state government employee here has made payment in cheque to a priest who solemnised his daughter's marriage due to cash crunch, a juice vendor is accepting money through digital mode.

    07 Dec 2016, 8.24 am  |  Source: PTI

  • Govt mulls long-term gas contracts to run power plants: Goyal

    Govt mulls long-term gas contracts to run power plants: Goyal  

    Earlier last year, the government had launched gas subsidy scheme under the Power System Development Fund (PSDF) to run stranded gas-based power plants is the country.

    07 Dec 2016, 8.24 am  |  Source: PTI

  • Analysts expect a cut as India battles demonetisation

    Analysts expect a cut as India battles demonetisation  

    A majority of analysts and bankers are expecting RBI Governor Urjit Patel-led Monetary Policy Committee (MPC) to cut rates by 0.25 percent today, with some expecting a 0.50 percent reduction.

    07 Dec 2016, 8.12 am  |  Source: PTI

  • PM Modi`s cash clampdown gamble may force RBI to cut rates

    PM Modi's cash clampdown gamble may force RBI to cut rates  

    A majority of the nearly 60 analysts polled by Reuters predict the Reserve Bank of India (RBI) will cut the repo rate by 25 basis points (bps) to 6.00 percent, the lowest since November 2010, while six predicted a deeper 50 bps cu...

    07 Dec 2016, 8.07 am  |  Source: Reuters

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