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Reserve Bank Of India News

PAGE 19

Inflation is dipping, but RBI may not slash rates

Inflation in perishables is beginning to inch up from seasonal effects (prices for fruits and vegetables typically rise during the summer months), while high fodder costs are keeping milk inflation elevated. (REUTERS)

Updated on May 18, 2023, 9:44 PM IST

Ashneer Grover slams 20% TCS on credit card usage outside India

In a tweet, Ashneer Grover said, "Political donations will only attract income tax rebate, never TCS."

Published on May 18, 2023, 9:14 PM IST

Credit card spends outside India will attract 20% TCS: How users may be impacted

Earlier, the usage of international credit cards (ICCs) for making payments for fulfilling expenses during travel outside India was not included in the LRS limit.

Updated on May 18, 2023, 6:11 PM IST

Need smooth process to fund municipal bonds: Experts

In March 2022, the Vadodara Municipal Corporation’s municipal bond to raise <span class='webrupee'>₹</span>100 crore for a water supply project was oversubscribed more than 10 times, attracting over <span class='webrupee'>₹</span>1,000 crore. (HT PHOTO)

Updated on May 15, 2023, 12:16 AM IST

Retail inflation at 18-month low of 4.7%

Retail inflation: Within the food basket, vegetable prices declined 6.5%, compared to a fall of 8.51% in the previous month. (PTI File Photo)

Updated on May 12, 2023, 6:47 PM IST

Chinese loan apps and NBFCs misused RBI circular, says ED

Chinese loan apps and NBFCs misused RBI circular, says ED

Updated on May 6, 2023, 12:28 AM IST

Good wheat output can temper inflation

Last year, a prolonged heatwave in March crimped wheat output by 2.5% to 107 million tonnes, stoking shortages and food inflation, and increasing the country’s vulnerability amid a global cereal crisis due to the Ukraine conflict. (Raminder Pal Singh)

Updated on Apr 30, 2023, 8:02 PM IST

Pay additional security deposit or face disconnection of power: Mahavitaran

A message to this effect is mentioned on the security deposit bill. (HT PHOTO)

Updated on Apr 19, 2023, 10:21 PM IST

March wholesale inflation at record 29-month low of 1.34%

Retail prices cooled to 5.66% in March, the lowest in 15 months. (REUTERS)

Updated on Apr 17, 2023, 6:27 PM IST

Banks closed today in these cities on Ambedkar Jayanti

Banks remain closed on Sundays and second, fourth Saturdays of the month, according to RBI.

Updated on Apr 14, 2023, 10:40 AM IST

Need global coordination to regulate crypto assets: FM Nirmala Sitharaman

India's Finance Minister Nirmala Sitharaman participates in a news conference at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S.

Updated on Apr 14, 2023, 9:55 AM IST

A numismatist and a law enforcer

Mumbai, India - April 10, 2023: Police personnel Umesh Kadav displays his collection of post-independent coins and paper currencies of India at his residence, in Worli, Mumbai, India, on Monday, April 10, 2023. (Photo by Anshuman Poyrekar/ Hindustan Times) (Anshuman Poyrekar/HT PHOTO)

Updated on Apr 11, 2023, 1:06 AM IST

Wheat arrivals pick up, Punjab yet to get provisional cost sheet

The Punjab food and civil supplies department is yet to receive a provisional cost sheet from the Union ministry of food and public distribution even as wheat arrivals have started picking up in mandis of the state following five days of clear weather and constantly rising temperatures

Updated on Apr 9, 2023, 11:45 PM IST

FM Sitharaman to visit US next week, attend key meeting of World Bank, IMF

Union finance minister Nirmala Sitharaman will visit the US starting Monday (PTI)

Updated on Apr 9, 2023, 6:45 AM IST

Pinjore woman makes off with ₹41 lakh erroneously credited to her bank account

Police have booked the woman under Sections 406 and 420 of the Indian Penal Code at the Sector-5 police station in Panchkula. (iStock)

Updated on Apr 8, 2023, 3:51 AM IST

Don’t hit pause in the battle to contain inflation

Achieving the inflation target will require the Reserve Bank of India to focus on exerting downward pressure on domestic inflation, especially now that high core inflation has become entrenched in the system (Sonu Mehta/HT PHOTO)

Updated on Apr 7, 2023, 8:59 PM IST

RBI repo rate pause brings relief to home buyers, real estate sector

HT Image

Updated on Jun 8, 2023, 10:31 AM IST

Centre notifies changes to IT rules, 2021

New Delhi, Mar 28 (ANI): Minister of State for Skill Development and Entrepreneurship Rajeev Chandrashekar speaks in the Lok Sabha during the second part of the Budget Session of Parliament, in New Delhi on Monday. (ANI Photo/Sansad TV) (ANI)

Updated on Apr 7, 2023, 1:04 AM IST

RBI keeps interest rates on hold in relief for borrowers

In RBI’s industrial outlook survey, the cost of raw materials is no longer as big a drag. Within the services outlook survey, selling prices have risen and profit margins have widened after shrinking for a few quarters (MINT)

Updated on Apr 7, 2023, 6:06 AM IST

A pragmatic move by RBI

And at a time when rapid rate tightening — the interest rate has gone up by 2.5 percentage points since May — has especially pinched retail borrowers, the pause should provide some relief.

Published on Apr 6, 2023, 7:34 PM IST

RBI proposes expansion of UPI digital payments system to allow credit

In RBI’s industrial outlook survey, the cost of raw materials is no longer as big a drag. Within the services outlook survey, selling prices have risen and profit margins have widened after shrinking for a few quarters (MINT)

Published on Apr 6, 2023, 3:21 PM IST

RBI keeps repo rate unchanged at 6.5%; Das says ‘war against inflation not over’

Reserve Bank of India governor Shaktikanta Das. (PTI Photo)

Updated on Jun 8, 2023, 10:37 AM IST

J&K records ₹8,938cr worth inflow of funds under schemes from Centre

Jammu and Kashmir Lt Governor Manoj Sinha addresses a press conference in Jammu. (PTI)

Updated on Apr 6, 2023, 12:13 AM IST

CBI studies 53 financial frauds to identify preventive measures

The “findings” and “lessons learnt from past mistakes”, published in the form of an almanac and released by Prime Minister Narendra Modi on Monday, have been shared with the Reserve Bank of India (RBI), stock market regulator Sebi. (AFP)

Updated on Apr 5, 2023, 12:24 AM IST

World Bank slashes India’s GDP growth forecast to 6.3%

World Bank slashes India’s GDP growth forecast to 6.3%

Updated on Apr 5, 2023, 12:45 AM IST

Weathering the next global economic crisis

Over the past three years, government finances have improved. In a crisis, the government may be better placed to offer fiscal support now (Shutterstock)

Updated on Apr 3, 2023, 7:07 PM IST

In India, is a guaranteed funded pension feasible?

For most of India, pensions are illusory, available only to formal, permanent, largely government, employees. Before 2004, it was their privilege, baked into the social compact with the State (Arun Mondhe/HT ARCHIVE)

Updated on Apr 2, 2023, 9:21 PM IST

Trade settlement between India, Malaysia now possible in Indian Rupee

The MEA said the RBI's initiative is aimed at facilitating the growth of trade and supporting the interests of the global trading community in the Indian rupee.

Published on Apr 1, 2023, 12:46 PM IST

Sovereign Gold Bond Scheme 2022-23 (Series IV) to open tomorrow. Details here

Sovereign Gold bonds are issued as Government of India Stock under the Government Securities Act, 2006.

Published on Mar 5, 2023, 2:27 PM IST

What if you don’t give a nominee for your bank account?

The nominee is a beneficiary or receiver of assets, funds, and investments in a financial system, such as a bank, insurance, or property. (Representational Image)

Published on Feb 23, 2023, 10:24 PM IST

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