RBI

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Over 98% Rs 2000 banknotes returned; Rs 6,970 crore worth notes still in circulation: RBI

The withdrawal of Rs 2000 banknotes was announced on May 19, 2023, but they remain legal tender. The Reserve Bank of India (RBI) reports over 98% return of Rs 2000 banknotes in circulation.

11 days ago

RBI retains repo rate at 6.5 pc after MPC Review; Keeps FY25 growth at 7.2%

RBI Governor Shaktikanta Das said that inflation for the third quarter (Q3) this fiscal is set to moderately increase to 4.8 per cent,

Oct 9, 2024

September set to be busiest month for IPOs in 14 years: RBI

RBI Forecasts Record-Breaking IPO Activity in September

As Indian stock markets remain resilient amid global challenges, September is set to be the busiest month for initial public offerings (IPOs) in 14 years, with over 28 companies entering the market so far, according to the Reserve Bank of India (RBI).

Sep 21, 2024

EXIM Bank sees India's goods export surging to $111.7 billion in Q2

India's Export-Import Bank expects the country's goods exports to rise by 4.2 per cent to $111.7 billion in the July-Sept quarter of the current financial year on the back of strong manufacturing growth and higher demand in foreign markets.

Aug 12, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

RBI Governor Shaktikanta Das highlighted India's financial sector's resilience, citing strong macroeconomic fundamentals and a well-capitalized banking sector.

Aug 8, 2024

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent.

Aug 8, 2024

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable.

Jul 23, 2024

India has potential to become even as world's 2nd largest economy by 2031, says RBI Dy Governor

Given the country's innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031, and the largest economy of the world by 2060

Jul 13, 2024

India has potential to become world's 2nd largest economy by 2031: RBI Dy Governor

Jul 13, 2024

RBI Governor confident of India's progress, says on path to steady 8% GDP growth

RBI Governor Shaktikanta Das sees India moving ahead towards an 8 per cent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as GST.

Jun 26, 2024

To curb spam, TRAI allots 160 new mobile series to financial entities

The government has allocated 160 mobile phone series for making transactional and service voice calls for all entities regulated by RBI, SEBI, IRDAI and PFRDA in the first phase, in order to prevent the duping of citizens from the fraudsters

Jun 15, 2024

India to log 6.7% GDP growth in next 3 years, remain fastest-growing economy: World Bank

Driven by strong domestic demand, surge in investment and robust services activity, India will remain the fastest growing economy in the world, clocking a steady growth of 6.7 per cent for the next three fiscal years, the World Bank has said.

Jun 12, 2024

RBI Revamps Forex Act 'FEMA' Guidelines to Boost Overseas Trade

The Reserve Bank of India (RBI) has decided to rationalize export and import guidelines to facilitate overseas trade.

Jun 7, 2024

Stock markets zoom over RBI's GDP forecast, Sensex up over 1 pc

The India stock market extended morning gains after the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) raised India's real GDP forecast to 7.2 per cent for FY25 from earlier 7 per cent.

Jun 7, 2024

India's forex reserves at historic high of $651.5 bn, CAD to dip: RBI

With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January - March quarter of 2023-24, RBI Governor Shaktikanta Das said on Friday.

Jun 7, 2024

RBI raises GDP growth forecast for 2024-25 to 7.2%, keeps repo rate unchanged at 6.5%

The RBI's Monetary Policy Committee (MPC) meeting decided to stick to the current 6.5 per cent repo rate with a 4:2 majority vote, RBI Governor Shaktikanta Das said after the meeting

Jun 7, 2024

Indian stock markets soar, adding Rs 12 lakh crore [details]

In an unprecedented event, the Indian stock markets experienced a significant surge on June 3, witnessing a gain of over Rs 12 lakh crore, or 3.25 per cent.

Jun 3, 2024

RBI shifts 100 tonnes of gold from vaults in UK to India; here's why

The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the UK to its own vaults in India in a move aimed at saving storage costs, according to media reports.

May 31, 2024

'Religion' mandatory for bank KYC details? Here's the truth

The application form issued to customers while applying for a credit card from a leading Indian private sector bank, lists 'Religion' as a mandatory piece of information to be provided as part of the KYC. This could raise serious questions on potential discriminatory practices.

May 31, 2024

RBI sees India as an emerging global hub for chips, electronics manufacturing

India's emerging sectors like renewable energy and semiconductors are expected to make rapid advances on the back of the recent initiatives by the government.

May 30, 2024

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RBI

Over 98% Rs 2000 banknotes returned; Rs 6,970 crore worth notes still in circulation: RBI

RBI retains repo rate at 6.5 pc after MPC Review; Keeps FY25 growth at 7.2%

RBI Forecasts Record-Breaking IPO Activity in September

EXIM Bank sees India's goods export surging to $111.7 billion in Q2

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

Comprehensive review of Income Tax Act announced in Union Budget

India has potential to become even as world's 2nd largest economy by 2031, says RBI Dy Governor

India has potential to become world's 2nd largest economy by 2031: RBI Dy Governor

RBI Governor confident of India's progress, says on path to steady 8% GDP growth

To curb spam, TRAI allots 160 new mobile series to financial entities

India to log 6.7% GDP growth in next 3 years, remain fastest-growing economy: World Bank

RBI Revamps Forex Act 'FEMA' Guidelines to Boost Overseas Trade

Stock markets zoom over RBI's GDP forecast, Sensex up over 1 pc

India's forex reserves at historic high of $651.5 bn, CAD to dip: RBI

RBI raises GDP growth forecast for 2024-25 to 7.2%, keeps repo rate unchanged at 6.5%

Indian stock markets soar, adding Rs 12 lakh crore [details]

RBI shifts 100 tonnes of gold from vaults in UK to India; here's why

'Religion' mandatory for bank KYC details? Here's the truth

RBI sees India as an emerging global hub for chips, electronics manufacturing

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious