Repo rate now stands at 4.40% vs 5.15% earlier
The Supreme Court has said the relatively short tenure of RBI Governors fixed by the central government undermines their independence
Opposition members rushed into the Well displaying placards and raising slogans on issues ranging from the amended citizenship law, unemployment and farmer distress as the governor continued reading out her address.
Das tried to manage banking issues via scrutiny of lenders outside the traditional bank network and proactively assisted smaller banks, as per The Banker
Giving a speech at the Republic Day function here, he also said that the state government was focusing on food processing, new renewable energy, logistics, mining, cloth and garment industries to enhance investment.
Fadnavis also sought reopening and smooth functioning of the CM Relief Fund through the governor's office to ensure timely help for needy persons as the state was currently under President's rule.
Malik, 73, former governor of Jammu and Kashmir, will replace Mridula Sinha, the first woman governor of Goa. Sinha will formally retire as governor on Friday. Her tenure had ended on August 31 this year.
Narasimhan, who was appointed as Governor in undivided Andhra Pradesh nine-and-a-half years ago, has been continuing as the Telangana Governor.
The report speaks of greater supervision on the NBFCs as they are no longer a small segment in the economy with their outstanding loans being close to 20 percent of the banking system.
How effective such a rate cut would be in bringing about the desired increase in private investment, however, remains to be seen
The Lok Sabha member from Srinagar also said governor's rule was "autocratic rule" and that his party was pressing on the present Jammu and Kashmir administration for polls in the state as soon as possible.
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.
Jammu and Kashmir is presently under Governor's rule after the BJP withdrew support from its alliance partner PDP in June this year.
Effective June 22, 2018, the distribution of portfolios amongst the deputy governors has been reallocated.
The newly appointed pro tem Speaker has had a controversial political history and has earned the ire of the Supreme Court in the past.
Bharatiya Janata Party's chief ministerial candidate BS Yeddyurappa will be sworn in at Raj Bhavan on May 17 at 9.30 am, reports suggest.
About 37 fresh applications were received and shortlisting of applications is being done, sources said.
Private sector banks reported cumulative divergences of Rs 12,000 crore after the RBI asked to make disclosures in classifying select accounts as NPAs, which earlier were not classified by the bank.
Zeliang was appointed shortly after embattled Chief Minister Shurhozelie Liezietsu and his supporters failed to turn up in the Assembly to face the floor test following which the House was adjourned sine die.
The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.
The six-member monetary policy committee (MPC), headed by RBI governor Urjit Patel, Thursday maintained status quo on repo rate but revised the reverse repo rate upward by 25 basis points to 6 percent.
RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.
"We are holding a Congress Legislative Party meeting in the morning and then will be meeting the Governor at 10.00 AM to stake claim to form the next government.
The RBI today said the banknotes in the Mahatma Gandhi series-2005 are to carry inset letter 'L' on both number panels, bearing the signature of Governor Urjit Patel.
Former Reserve Bank Deputy Governor Usha Thorat today said any consultation between the Government and RBI should not be construed as an infringement on the latter's autonomy.