Reserve Bank of India
Is Budget 2020 next big trigger for Income Tax reforms? Hint: RBI adds 'historic' twist to operations
Fri, Dec 20, 2019
Decoding RBI's move, experts say FM Nirmala Sitharaman may announce income tax reforms for individuals in Budget 2020 to put more disposable money in the hands of an earning individual.
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RBI is not taking Rs 2000 notes back; here is what you should know about fake news
Wed, Dec 18, 2019
Over the last few days, there are several messages and reports doing the rounds, claiming that the Reserve Bank of India or RBI is set to take back all the Rs 2,000 notes. However, all of these reports are fake and you are advised not to panic because of them.
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There is space for further monetary policy action, says Shaktikanta Das
Mon, Dec 16, 2019
He further said that the government and the central bank had taken steps to help the economy recover but the outcome of events in the global economy would play a role. Talking about the US trade deal, Das said that he hopes a recent trade deal between the United States and China would hold and not be reversed.
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RBI repo rate cuts: What bank is expected to do in the remainder of FY20
Wed, Dec 11, 2019
He pointed out that headline inflation is currently high, largely due to rise in food inflation. Das added that food inflation will remain "very high" during January-March, which prompted the RBI to hit the pause button on rate cuts.
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Small Finance Banks alert! RBI issues these important guidelines - What SFBs must know
Fri, Dec 06, 2019
A small finance bank undertakes basic banking activities of accepting deposits and lending to unserved and underserved sections, including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.
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Your set-to-rise phone bills may add to inflation; What RBI Governor said
Fri, Dec 06, 2019
"There is a case for looking through the current spike in headline inflation, which is mainly due to the spike in food inflation. Our calculation shows that during Q4 (January-March), food inflation in particular is likely to remain very high and its moderation in the coming months is dependent on several factors."
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RBI Policy Meet: Nifty, Sensex slip after repo rates stay unchanged
Thu, Dec 05, 2019
"While the decision to pause is not entirely unjustified given the clear lack of efficacy of monetary policy actions through the policy rate cut channel, what is worrying is that the RBI did not announce any unconventional measure but hoped for better transmission of its past actions," said Kunal Kundu, an economist with Societe Generale in Bengaluru.
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RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views
Thu, Dec 05, 2019
"The MPC recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the committee said in a statement.
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Tax, policy rate cuts will spur recovery in 2020: Report
Mon, Dec 02, 2019
Several other factors like the government`s decision to infuse capital into public-sector banks and the central bank`s measures to revive non-deposit-taking financial companies should help strengthen India`s financial system, the report said.
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RBI panel calls for strong corporate governance in CICs
Thu, Nov 07, 2019
A working group set up by the Reserve Bank of India (RBI) has suggested that core investment companies (CICs) implement stronger governance practices like formation of board level committees, appointment of independent directors, and internal audits.
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PMC Bank withdrawal limit increased to this amount - What account holders should know
Wed, Oct 23, 2019
The Reserve Bank of India (RBI) has also extended some other facilities, including wedding, senior citizen's expenses, education and additional expenditures and the bank customers will be able to withdraw extra Rs 50,000. The RBI will get the investigation report of PMC scam by end of this week.
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