The RBI deputy says he is likely to shift decisively to vote for a beginning of “withdrawal of accommodation” in the June MPC meeting
Besides, almost half of the bank accounts remained inactive in the past year, the multilateral financial institution said in a report, even as it lauded the Indian government's financial inclusion scheme, the Jan Dhan Yojana, for bringing in additional 31 crore Indians into formal banking system by March 2018.
Here’s all that you need to know about the Income Tax Department’s warning to salaried class against filing wrong ITRs and the action it plans to take.
The six-member Monetary Policy Committee (MPC), headed by Patel, had left the benchmark repo rate unchanged for the third time in a row after deliberations on April 4-5.
According to union minister, Nitin Gadkari, JNPT SEZ will see an approximate investment of Rs 60,000 crore while the smart city at Paradip port will receive Rs. 40,000 crore as investment from the Centre
As per the RBI guidelines, the withdrawal limit from PoS machines at retail outlets in Tier 1 and 2 cities per card per day is Rs 1,000 and Rs 2,000 for smaller towns.
Market participants are, in fact, worried that the commodity will continue appreciating to new highs, which would spell trouble for Indian markets.
"If timely and immediate action is not taken to improve supply of currency notes, AIBEA would be compelled to ventilate the anger and agony of the public through agitations," the association General Secretary, C H Venkatachalam said.
"The coffee exports were at all-time high in FY 2017-18 because of increased shipments of value-added products, especially instant coffee," a senior board official told PTI.
Diesel prices touched an all-time high today with a litre of diesel costing Rs 65.27 in Delhi and Rs 69.50 in Mumbai
According to BofA Merrill Lynch Global Research report, RBI will follow an asymmetric forex policy of buying forex when the USD is weakening and allowing Rs 65-66/USD when it strengthens.
In India, the demand is expected to accelerate gradually, mainly driven by public investment, worldsteel said in a report.
Unsold housing stock fell by 2 percent to 5,95,074 units during March quarter 2018 from 6,08,949 units in the previous quarter due to increase in sales volume.
Insurers believe the annual premium for a Rs 2 lakh cover under Pradhan Mantri Jeevan Jyoti Bima Yojana is not sustainable
Telecom Commission, headed by the secretary of the department of telecommunications, is the apex decision-making body of the DoT
Some jewellers like Kerala-based Kalyan Jewellers which has showrooms across the country is expecting over 25 percent growth in sales.
The India-South Africa Business Summit will be held on April 29-30 at the Sandton Convention Centre here with the theme - 'United by Legacy, Unified for Prosperity' - reflecting the shared histories of the two countries.
The Department for Investment and Public Asset Management (DIPAM) today came out with a Request for Proposal (RFP) to engage an advisor or consultant for creation and launch of the debt ETF. Bids have to be submitted by May 16.
The one-day bi-lateral meeting on April 20 will also see discussions on cooperation between the two nations for exchange of ideas, sharing of best practices and furthering areas of cooperation in the drug crime domain, a senior official said.
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The consultations however don't fall under the World Trade Organisation's (WTO's) dispute settlement system.
A report from SBI Research, a unit of the government-run banking behemoth State Bank of India, meanwhile pegged the total 'cash shortfall' in the system at about Rs 70,000 crore -- an amount equivalent to a third of the monthly withdrawals at ATMs.
The plan will provide specific interventions taking into account resources, strengths of districts, sectoral interventions for agriculture, including mapping of cropping pattern, skilling initiatives and access to credit.
"In India, a return to a gradual path of growth-friendly fiscal consolidation is desirable to create fiscal space, but full and smooth implementation of the new goods and services tax is necessary to avoid tax revenue underperformance resulting in cuts to capital expenditures," the IMF said.
In the wake of cash crunch in some parts of the country, he also said there was a possibility that people have lost confidence in the banking system due to the "bank scams" and they were not putting their surplus money into the banks.