RBI Announces Fresh OMO Purchase of Govt Securities
The Reserve Bank of India has announced special open market operations of government securities worth Rs 10,000 crore. ‘On a review of current and evolving liquidity and...
Category : ECONOMY
IMF Advocates Contingency Reserves for Indian States
At a time state governments are facing increasing fiscal pressures due to mounting pandemic related expenditure demands amid falling revenue collections, the International Monetary Fund (IMF) has...
RBI Disallows Yes Bank From Paying Interest on Tier II Bonds
Yes Bank Ltd has said that the Reserve Bank of India (RBI) turned down its request to pay interest on its tier II bonds due on 29...
FPIs Invest Rs 17,985 Crore in June
Foreign portfolio investors (FPI) have infused a net Rs 17,985 crore into the Indian capital markets in June so far amid increasing liquidity and higher risk...
RBI Proposes New Rules for Housing Finance Companies
The Reserve Bank of India (RBI) on Wednesday proposed to tighten the rules governing home financiers, including putting restrictions on lending to builders and doubling the minimum...
Fitch Cuts India Outlook to Negative, Retains BBB- Rating
Fitch Ratings on Thursday revised downward its rating outlook for India to negative from stable while retaining its sovereign rating at the lowest investment grade of...
Petrol, Diesel Price Highest in More Than a Year After Today
Even as crude oil rates have softened to multi-year lows, the price of both petrol and diesel have touched to record high levels. Following nine days of...
CBI Files Cases Against 3 Firms For Defrauding PNB
The CBI conducted searches at multiple locations in the country after registering three separate cases against two Nagpur-based companies and a Bhubaneswar-based firm pertaining to loan frauds...
UK Economy Shrinks 20.4% During April Lockdown
Official figures show that the British economy shrank by a colossal 20.4 per cent in April, the first full month that the country was in...
GST Council Meets Today for First-Time Post Lockdown
The 40th GST council meeting will be held on Friday under the chairmanship of Finance Minister Nirmala Sitharaman. Members of the GST Council will discuss the...