rbi-keeps-repo-crr-unchanged-cuts-slr-by-50-bps

RBI keeps repo, CRR unchanged; cuts SLR by 50 bps

Mumbai, Aug 05 (ANI): India_s central bank, Reserve Bank of India (RBI), keeps its key policy repo rate unchanged as widely expected, but lowers banks_ minimum bond holding requirements, known as the statutory liquidity ratio (SLR) by half a percentage point. The RBI has lowered the SLR, by half a percentage point to 22 percent to free up more money for lending, effective from August 09. RBI governor Raghuram Rajan said the move was aimed at giving more funds to private sector and for the public sector firms. The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point. Aug 5, 2014
sridevi-attends-anushka-rajans-fashion-show

Sridevi Attends Anushka Rajan's Fashion Show

The event was the fashion show held to showcase the latest collection of popular fashion designer Anushka Rajan. Bollywood celebrities like Sridevi, Kunal Kapoor and Armaan Jain were spotted at the event. Aug 1, 2014
shiv-sena-leader-can-be-penalized-for-force-feeding-fasting-muslim-lawyer

Shiv Sena leader can be penalized for force-feeding fasting Muslim: Lawyer

New Delhi, July 24 (ANI): An advocate of Supreme Court on Thursday said that the Shiv Sena leader, who force-fed a fasting Muslim, is liable to face legal action under Indian Penal Code (IPC) for hurting religious sentiments. Shiv Sena leader Rajan Vichare was caught on a video trying to force-feed a Muslim caterer, Arshad Zubair, when the food served in Maharashtra Sadan was not up to his standards. Meanwhile, Former SP leader Shahid Siddiqui slammed the state government of Maharashtra which has said it will respond on this issue after ascertaining full facts. Congress leader Manish Tewari also condemned the incident. Jul 24, 2014
police-denies-receiving-complaints-from-maharashtra-sadan

Police denies receiving complaints from Maharashtra Sadan

New Delhi, July 23 (ANI): New Delhi ACP SBS Tyagi on Wednesday denied receiving any complaints from Maharashtra Sadan regarding improper basic facilities. Shiv Sena MP Rajan Vichare had clarified that the leaders had filed a complaint with the police to look into the facilities at Maharashtra Sadan. Shiv Sena MPs have been a part of a controversy when they reportedly tried to force feed a Ramazan observing Muslim waiter. Jul 23, 2014
shiv-sena-mp-clarifies-maharashtra-sadan-incident

Shiv Sena MP clarifies Maharashtra Sadan incident

New Delhi, July 23 (ANI): Shiv Sena MP Rajan Vichare clarified the controversial incident that took place in Maharashtra Sadan on Wednesday morning. Vichare said that the leaders were unaware that the waiter was a Muslim and they just wanted him to know that the food was not edible. He added that the issue should not be raised from a communal angle because there was no such intention behind the act. He further stated that the facilities in Mahrashtra Sadan are not up to the mark and a complaint has been filed in Police Station in this regard. Jul 23, 2014
determined-to-bring-down-consumer-inflation-raghuram-rajan

Determined to bring down consumer inflation: Raghuram Rajan

Chennai, July 11 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan said that he was determined to ease consumer inflation through a combination of demand and supply management. An RBI panel in January recommended bringing consumer price index (CPI) inflation down to around eight percent by the end of January 2015 and to six percent by the end of the following year. Rajan also noted that the RBI would issue circulars regarding banks' lending for infrastructure projects. The RBI Governor also assured stability in oil price. Jul 11, 2014
dutch-queen-lauds-indian-central-banks-vision-for-financial-inclusion

Dutch queen lauds Indian central bank's vision for financial inclusion

Mumbai, July 02 (ANI): Queen Maxima of the Netherlands met governor of India's central bank, Reserve Bank of India, Raghuram Rajan, on Wednesday and lauded financial services in the country. Queen Maxima said Reserve Bank's efforts to universalise financial services in the country, especially in the last five to ten years, were worth mentioning. Meanwhile, Rajan hoped the meeting would help both the countries share experiences to get a new perspective on benefits of financial inclusion. Jul 2, 2014