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 […]
Former Prime Minister of India, former RBI Reserve Bank of India and former Finance Minister of India Manmohan Singh said that the GDP growth rate of 4.5% was unacceptable and worrisome, and urged his successor to set aside “deep-rooted suspicion” of society and nurse India back to harmonious, mutually trustworthy society that can help the […]
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 […]
Today resignation of RBI Reserve Bank of India Governor Urjit Patel comes as a big surprise after a very short span of just over 2 years of holding the post. Urjit is said to have resigned due to personal reasons. His resignation comes just on a previous day of winter session of Parliament. It is […]
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 […]
