Tag: Reserve Bank

17 Results

  • Belaboured times

    Belaboured times

    The promise was of 10 million new jobs every year and, ironically, the labour ministry’s own data has exposed the vacuousness of the promise, with virtually nothing by way of “real-time data on job creation” that the government claims.

    December 15, 2018
  • India fares better, but…

    India fares better, but…

    Oddly enough, India's improved ranking coincides with an extraordinary discord within the premier investigative agency called the Central Bureau of Investigation and between the Centre and the Reserve Bank of India. Fringe elements in the political spectrum have disrupted business activity in Gujarat, Maharashtra and elsewhere, upsetting free movement of labour.

    December 8, 2018
  • Tainted public entities

    Tainted public entities

    Administrative inaction and sabotage of criminal investigation even in cases of corruption are distressing features of governance at the State level. Citizens' rights are trampled upon without any accountability. Public representatives assault public officials with impunity and get away without political or legal accountability. Abuse of public office in administrative matters like transfers, promotions, disciplinary action, in appointments to corporations, committees, commissions, boards is rampant.

    December 5, 2018
  • Does turning J-K Bank a PSU undermine Article 370?

    Does turning J-K Bank a PSU undermine Article 370?

    The governor's decision to bring the J-K bank under the purview of RTI has become a topic of debate in the state.

    December 3, 2018
  • Garrulous Governor

    Garrulous Governor

    Common parlance has every gubernatorial appointment being hailed as someone being “elevated” to that exalted position, in the Indian system at least. And the use of that term implies that every such appointee raises her or his personal conduct to a standard worthy of high office. That, alas, no longer holds true with the result …

    December 1, 2018
  • Rupee tracking closer to its fair value, say experts

    Rupee tracking closer to its fair value, say experts

    The Indian rupee on Friday closed at 71.85, recovering 34 paise from its previous close of 72.19 per greenback.

    September 15, 2018
  • Any Time Misery

    Any Time Misery

    The loot of at least Rs 20 lakh from the ATMs of several banks, both nationalised and private, has bamboozled both the bank authorities and the Lalbazar headquarters of Kolkata police. Indeed, the deftly calibrated loot has left the police brass shaking their heads in disbelief; a hi-tech bank theft of this magnitude has never …

    August 3, 2018
  • Rupee to remain in 68-72/US Dollar range in short term: UBS

    Rupee to remain in 68-72/US Dollar range in short term: UBS

    The Indian rupee is expected to remain in the 68-72 range against the US dollar in the short term on rising external risks.

    July 3, 2018
  • Bank fraud: U’khand govt acts tough

    Bank fraud: U’khand govt acts tough

    After receiving a series of complaints against bogus banking companies for cheating consumers and disappearing with their hard earned money, the Uttarakhand government has decided to form a dedicated wing to handle such cases. Uttarakhand Chief Secretary Utpal Kumar Singh said that Economic Offences Wing would be formed and it will work under Special Task …

    March 8, 2018
  • Govt expects RBI to cut rate amid slowdown

    Govt expects RBI to cut rate amid slowdown

    The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost growth which fell to a three-year low of 5.7 per cent in the June quarter. Several experts and industry bodies too have made a strong case for lowering of …

    October 2, 2017
  • Goalposts shifted

    Goalposts shifted

    Managers of the economy could soon rival politicians and lawyers in selectively interpreting data to suit their convenience, a process facilitated by equally selective yardsticks against which their performance is to be assessed. Now that a report from the Reserve Bank eventually puts a “fix” on certain aspects of the demonetisation exercise, and the figures …

    September 2, 2017
  • 7th Pay Commission allowances to bump up inflation temporarily

    7th Pay Commission allowances to bump up inflation temporarily

    The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report. Both GST and HRA increase have kicked in from July 1 and though the pay commission allowances are likely to bump up inflation, the Reserve Bank is expected to …

    July 2, 2017
  • Sensex succumbs to profit-booking, down 58 pts

    Sensex succumbs to profit-booking, down 58 pts

    In a volatile session, the BSE benchmark Sensex on Thursday fell by nearly 58 points to 31,213 on profit-booking in recent gainers by investors, who maintained a cautious stance ahead of UK polls and the ECB meeting. Moreover, the domestic market sentiment was hit by the Reserve Bank pegging GDP growth for the current fiscal …

    June 8, 2017
  • 83 pc currency remonetised so far: RBI

    83 pc currency remonetised so far: RBI

    The Reserve Bank on 8 June said nearly 83 per cent of the currency has been remonetised so far and denied there was any shortage of cash in the system. "According to our latest data, 82.67 per cent of the currency has been remonetised and in volume terms, it is 108 per cent," said RBI …

    June 8, 2017
  • MPC meet begins; RBI likely to hold policy rate

    MPC meet begins; RBI likely to hold policy rate

    The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its 2-day meeting today amid experts saying that the central bank is likely to hold key rates even as the government is making a case for a lower interest regime citing low inflation. India Inc is also pitching for a rate cut to …

    June 6, 2017
  • GST Council finalises tax rates on 80-90% goods, services

    GST Council finalises tax rates on 80-90% goods, services

    The GST Council on Thursday finalised tax rates on 80-90 per cent of goods and services under the four-slab structure with essential items of daily use being kept in the lowest bracket of 5 per cent. The Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, in the opening session …

    May 18, 2017
  • RBI asks taxpayers to pay dues in advance

    RBI asks taxpayers to pay dues in advance

    The Reserve Bank on Monday issued an advisory asking taxpayers to pay their dues well on time to avoid last-minute rush. In a statement, the central bank said it is observed that the rush for remitting income tax dues through the RBI has been far too heavy towards the end of June every year. Consequently, …

    May 15, 2017