Tag Archives: reserve bank of india

Image for representation. The central bank has “predicted” that the Gross Domestic Product (GDP) for the July-September quarter is set for a contraction of 8.6 percent. News18.com Last update: November 12, 2020 12:14 PM IST FOLLOW US: For the first time in history, India’s economy entered a “technical recession” in …

Congressional leader Rahul Gandhi once again targeted Prime Minister Narendra Modi, claiming that India has entered a recession due to decisions made by the prime minister. “India has entered a recession for the first time in history. Modi’s actions have turned India’s strength into its weakness, ”Gandhi tweeted on Thursday. …

India’s economy likely contracted for the second consecutive quarter, according to a team of economists that included Michael Patra, the central bank’s deputy governor in charge of monetary policy, pushing the country into an unprecedented recession. Gross domestic product contracted 8.6% in the quarter ending September, the Reserve Bank of …

India’s antitrust regulator launched an investigation against Google for allegedly abusing its dominant position to force app makers to exclusively use its billing system for in-app purchases and for bundling the search giant’s payments app. with Android smartphones sold domestically. While the Competition Commission of India (ITC) received complaints against …

“It is very important that financial institutions have adequate capital (to support growth),” he said. Many of them have already raised capital and others are planning, he mentioned, adding that they certainly would in the coming months. Both fiscal and monetary policy were countercyclical and accommodative, both working in close …

The Kerala government canceled a meeting on Saturday to discuss legal options to resolve the goods and services tax (GST) offset problem with the Center, days after the Union’s finance minister, Nirmala Sitharaman, clarified that the central government will borrow ₹ 1.1 lakh crore from the market. on behalf of …

With the Center agreeing to borrow ₹ 1.1 lakh crore from a special window of the Reserve Bank of India and re-lend it to states, some of the seven states that have not yet accepted the plan are now able to sign it, the Government officials with direct knowledge of …

MUMBAI : Loans that were in arrears for more than 30 days on March 1, but in which the overdue amount was later repaid will not be eligible for debt consolidation under the new debt consolidation window, the Bank has clarified of the Indian Reserve. The central bank published a …

The country’s banking regulator, the Reserve Bank of India (RBI), has filed a new affidavit in the Supreme Court in the case of the loan moratorium. In the affidavit, the Reserve Bank of India (RBI) has said that it is not possible to give further relief to the sector affected …

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced the central bank’s monetary policy decision on Friday after three days of deliberations by its monetary policy committee (MPC). The six-member MPC meeting was previously scheduled to take place from September 29 to October 1, but was rescheduled …