Supreme Court is likely to give its judgement today on petitions challenging government’s decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore wort h of money was wiped out of circulation overnight because of the move.Fifty-eight petitions were filed in the apex Court challenging the notes ban, […]
Loan interest cannot be fully forgiven in the wake of Coronavirus epidemic Loan moratorium case.RBI Reserve Bank of India not to be put under pressure Not only the company but also the government has been harmed in the epidemic.Today Supreme Court of India refused to extend the six-month loan moratorium period offered by the Reserve […]
In wake of prevailing Covid-19 outbreak, Reserve Bank of India RBI cuts Repo rate by 40 bps to 4% from 4.4%.Reverse repo rate reduces by 40 bps to 3.35% from 3.75%. Inflation outlook uncertain. GDP Growth for FY may see a sharp fall even may go negative . A big concern says RBI Guv Shaktikanta […]
In many cities of India including Ahmedabad, Mumbai and Jaipur Yes Bank investors line up at ATM counter. Actually, RBI Reserve Bank of India has placed a temporary limit on cash withdrawal upto Rs 50,000 on Yes Bank till 4th April and news of merger of banks some investors pressed panic button and lined up […]
RBI Reserve Bank of India Deputy Governor Viral Acharya has resigned 6 months ahead of the scheduled end of his term to return to New York University Stern School of Business (NYU stern) in August as CV Starr Professor of Economics. A few weeks ago, Dr Acharya gave a letter to the RBI stating that […]
RBI Reserve Bank of India (RBI) is ready to launch lavender-coloured Rs 100 currency notes soon. New note will be smaller than in size than currenr Rs 100-rupee note that is in circulation signed by Urijit Patel, RBI Governor. Earlier Rs 100-rupee banknotes in the earlier series will continue to be in market. New Rs […]
RBI to introduce new Rs 50 notes: Old notes to remain legal tender The Reserve Bank will soon introduce new fluorescent blue Rs 50 bank notes bearing the motif of ‘Hampi with Chariot’ that depicts India’s cultural heritage. RBI said it will shortly issue these Rs 50 denomination banknotes in the Mahatma Gandhi (new) series. […]
RBI rate cut by 0.25 percentage; home, auto EMIs to be lower After a 10-month pause, the Reserve Bank on Wednesday cut benchmark lending rate by 0.25 per cent to over 6-year low citing reduction in inflation risk, a move that will lower interest on home, auto and corporate loans. The repo rate, at which […]
