Category: Finance

Rupee Devaluation Doesn’t Provide Advantage: RBI

Thiruvananthapuram, Feb 15 (IANS) The Reserve Bank of India (RBI) is not in favour of devaluing the Indian rupee in…

9 years ago

‘RBI Does’t Act, Need to Criminalise Wilful Default’

Chennai, Feb 12 (IANS) The Reserve Bank of India (RBI) only notes cases of loan default but does not take…

9 years ago

Bad Loans Exposing Distress Among Indian Banks

Chennai, Feb 11 (IANS) The distress in India's banking system is becoming evident by the day with more of these…

9 years ago

RBI Had Rejected Headley’s Application to Open Business Account

Mumbai, Feb 11 (IANS) The Reserve Bank of India had rejected an application by Lashkar-e-Taiba (LeT) terrorist-turned-approver David Coleman Headley…

9 years ago

US Proposes $19 Bn Budget for NASA in 2017

Washington, Feb 10 (IANS) US President Barak Obama has proposed $19 billion for the US space agency in the fiscal…

9 years ago

Modi Government Approach Banks for Funding Swachh Bharat Mission

New Delhi, Feb 9 (IANS) The Narendra Modi government is now looking at the private sector to aide its Swachh…

9 years ago

Carbon and Sugar Tax Can Have Environmental, Health Benefits

London, Feb 3 (IANS) A combination of a carbon tax on food and sugary drinks could lead to health benefits,…

9 years ago

India’s Central Bank Keeps Key Lending Rates on Hold

Mumbai, Feb 2 (IANS) Ahead of the federal budget for the next fiscal, India's central bank on Tuesday kept its…

9 years ago

Bank of Japan to Introduce Negative Interest Rate

Tokyo, Jan 30 (IANS) The Bank of Japan (BOJ) surprised markets by announcing that it would introduce a negative interest…

9 years ago

Mukesh Ambani, Premji, Shanghvi Among World’s Richest Billionaires

Bengaluru, Jan 28 (IANS) India's richest business mogul Mukesh Ambani of Reliance Industries, Indian IT czar Azim Premji of Wipro…

9 years ago

IMF Implements Long Due Quota Reforms

Washington, Jan 28 (PTI) The IMF has announced the implementation of its long due quota reforms which was approved by…

9 years ago

US Stocks Tumble After Fed Statement

New York, Jan 28 (IANS) US stocks ended sharply lower on Wednesday, as Wall Street digested the newly-released Federal Reserve's…

9 years ago

More Than 900 Kgs Of Gold Mobilised Under Monetisation Scheme

New Delhi, Jan 23 (IANS) The central government has mobilised more than 900 kgs of gold under its gold monetization…

9 years ago

Reforms Moving in Right Direction but Inadequate: RBI Governor

Davos, Jan 22 (IANS) Describing the current level of economic reforms in India moving in the right direction but inadequate,…

9 years ago

RBI to Buy Government Securities Of Rs.10,000 Crore

Mumbai, Jan 19 (IANS) In a bid to infuse liquidity into markets, the Reserve Bank of India (RBI) will purchase…

9 years ago

Islamic State Faces Fund Crunch, Cuts Fighters’ Wages

Raqqa, Jan 19 (IANS/AKI) Islamic State has cut its fighters' salaries by 50 percent in Syria as air strikes continue…

9 years ago

Chinese Yuan Weakens

Beijing, Jan 19 (IANS) The central parity rate of the Chinese currency, or the yuan, weakened by 6 basis points…

9 years ago

62 People Have Same Wealth As 3.5 Billion

By Chaitanya Mallapur Just 62 individuals had the same wealth as 3.5 billion people — the bottom half of humanity—in…

9 years ago

RBI Should Let Rupee Slide to Help Exports: Assocham

New Delhi, Jan 17 (IANS) India should allow the rupee to depreciate to help exports remain competitive, while the RBI…

9 years ago

In a Global First, World Bank Embraces Zoo in India!

New Delhi, Jan 17 (PTI) The World Bank usually tames wild economies and helps countries stabilise their fluctuating finances, but…

9 years ago



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