Home, auto loans set to be cheaper as RBI uts interest rates by 0.25%
MUMBAI : RBI Governor Shaktikanta Das cut the interest rate by 0.25 percent to 6.25 percent, a move that will lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers. This is Das’ first monetary policy review after taking charge as the RBI Governor, replacing Urjit Patel. The Monetary Policy More...
India’s economy is poised to pick up this year: IMF
NEW DELHI : The International Monetary Fund (IMF) has said India’s economy is poised to pick up this year. IMF’s World Economic Outlook Update, released yesterday by its chief economist Gita Gopinath More...
New IT guidelines take social media giants to task
NEW DELHI : As India gears up for general elections, owners of global social media platforms are in a huddle over how to curb the spread of misinformation and fake news in a country where deep mobile penetration More...
Shaktikanta Das appointed as new RBI Governor
NEW DELHI : Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India. Mr Das, who retired as Economic Affairs Secretary in May More...
ISB’s Krishnamurthy Subramanian is new chief economic adviser
NEW DELHI : The government on Friday appointed Krishnamurthy Subramanian, associate professor and executive director (centre for analytical finance) of Indian School of Business, Hyderabad, as the new chief economic More...
A N Jha is new Finance Secy
NEW DELHI : A N Jha, Secretary, Expenditure, has been appointed as new Finance Secretary, a government order said Monday. Prime Minister Narendra Modi led Appointments Committee of the Cabinet has cleared Jha’s More...
Government to merge Bank of Baroda, Vijaya Bank, Dena Bank
NEW DELHI : The central government has announced the proposal to merge three public sector lenders – Bank of Baroda, Dena Bank and Vijaya Bank. The combined lending entity will be India’s third largest More...
Petrol Price Above Rs. 80, Diesel Costliest in Delhi
NEW DELHI : Petrol and diesel rates were further hiked across the four metro cities on Saturday after recording the steepest ever rise on Friday. This means that fuel prices hit further record highs on Saturday. Petrol More...
Petrol, diesel touch to new record high new highs
NEW DELHI : Petrol and diesel prices reached a new record level on Friday after oil marketing companies (OMCs) hiked fuel rates by around 50 paise per litre — the steepest increase in rates since daily price More...
FM Arun Jaitley Blames “Global Reasons”For Plunging Rupee
NEW DELHI : Finance Minister Arun Jaitley today said the unprecedented fall of the rupee against the dollar was not confined to India and the reason for it was “global”. There was no need for “panic More...