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RBI hikes key interest rate by 40 bps to 4.40% in a surprise move to tackle inflation
Business

RBI hikes key interest rate by 40 bps to 4.40% in a surprise move to tackle inflation

Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.15 per cent while the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.

RBI Governor Shaktikanta Das to make statement at 2 pm today, here's direct link to watch online
Business

RBI Governor Shaktikanta Das to make statement at 2 pm today, here's direct link to watch online

It is not clear yet on what RBI Governor Shaktikanta Das will talk about, but his statement comes in the backdrop of inflation rates in India that have soared and remained over the central bank's upper tolerance band of 6 per cent

RBI governor allays stagflation fears, says Ukraine war to have minimal impact on India
India

RBI governor allays stagflation fears, says Ukraine war to have minimal impact on India

The RBI has retained the retail inflation projection for FY22 at 5.3 per cent, with the March quarter at 5.7 per cent on account of the unfavourable base effect

Private cryptocurrencies threat to macroeconomic, financial stability, warns RBI guv
Business

Private cryptocurrencies threat to macroeconomic, financial stability, warns RBI guv

The comments by Shaktikanta Das gain in significance because they come days after the Union Budget put a 30 per cent tax on gains made on such assets

RBI keeps policy rates unchanged for 9th consecutive time, to continue with accommodative monetary policy
Business

RBI keeps policy rates unchanged for 9th consecutive time, to continue with accommodative monetary policy

According to RBI Governor Shaktikanta Das, the central bank's Monetary Policy Committee has unanimously decided to maintain the status quo on policy repo rate by a majority of 5 to 1 to retain the "accommodative policy stance"

RBI Monetary Policy: Amid Omicron scare, central bank keeps repo rate unchanged at 4% for ninth time
Business

RBI Monetary Policy: Amid Omicron scare, central bank keeps repo rate unchanged at 4% for ninth time

RBI Governor Shaktikanta Das said that the repo rate was unchanged for the ninth consecutive time while maintaining an ‘accommodative stance’ as long as necessary

RBI to release monetary policy today, likely to maintain status quo on key rates; here's what to expect
Business

RBI to release monetary policy today, likely to maintain status quo on key rates; here's what to expect

In the last policy review in October, the RBI had kept the key lending rates unchanged for eight consecutive times

Economic recovery taking hold, private investment should resume, says Shaktikanta Das
Business

Economic recovery taking hold, private investment should resume, says Shaktikanta Das

Lauding tech entrepreneurs, the RBI governor said the country has emerged as a top performer in the startup landscape, attracting billions of foreign capital

Shantikanta Das gets three year extension, will continue as RBI governor till December 2024
Business

Shantikanta Das gets three year extension, will continue as RBI governor till December 2024

The former IAS officer is the first governor to get an extension under the Narendra Modi government

RBI Gov Shaktikanta Das flags concerns on high petrol taxes, says up to government to take further decision
India

RBI Gov Shaktikanta Das flags concerns on high petrol taxes, says up to government to take further decision

It can be noted that the government had hiked duties and cesses on fuels like petrol and diesel to record levels after a sharp dip in global crude prices last year which resulted in higher revenue collections

'As long as necessary to revive growth': RBI keeps interest rates untouched at 4%
Business

'As long as necessary to revive growth': RBI keeps interest rates untouched at 4%

This is the eighth time in a row that that status quo has been maintained

India Today Conclave: India will not 'shut off all windows' for cryptocurrency, says Nirmala Sitharaman
Business

India Today Conclave: India will not 'shut off all windows' for cryptocurrency, says Nirmala Sitharaman

Speaking at the India Today Conclave on 14 March, Sitharaman said that a Cabinet note is being prepared on the issue of formulation of cryptocurrency in India

Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das
Business

Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das

Das said that such coordination is needed because both the Centre and states impose taxes on fuel

RBI concerned over impact of cryptocurrencies on India's financial stability, says Shaktikanta Das
Business

RBI concerned over impact of cryptocurrencies on India's financial stability, says Shaktikanta Das

The RBI governor said: 'We have certain major concerns about cryptocurrencies. We have communicated them to the government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required Parliament also will consider and decide'

'GDP a reflection of ravages of COVID-19': RBI Guv Shaktikanta Das says economic recovery likely to be gradual
Business

'GDP a reflection of ravages of COVID-19': RBI Guv Shaktikanta Das says economic recovery likely to be gradual

The RBI governor said the Indian central bank stands battle-ready to take whatever steps that are needed to be taken for the economy

Moratorium period on loan repayment extendable by two years due to COVID-19: Centre, RBI tell SC
Business

Moratorium period on loan repayment extendable by two years due to COVID-19: Centre, RBI tell SC

The apex court had earlier asked the Centre and the RBI to review the move to charge interest on deferred EMIs during the moratorium period

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations
India

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations

RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to historic low.

Banks' bad debt to rise sharply from 8.5% to 12.5% by March 2021 amid COVID-19: RBI report
India

Banks' bad debt to rise sharply from 8.5% to 12.5% by March 2021 amid COVID-19: RBI report

The RBI governor said preserving long-term stability of the financial system is the key to recovery of economic growth

Coronavirus Outbreak Updates: Bihar records 228 new COVID-19 cases today, taking total to 2,394; 11 deaths reported till date
India

Coronavirus Outbreak Updates: Bihar records 228 new COVID-19 cases today, taking total to 2,394; 11 deaths reported till date

Coronavirus Outbreak Updates: As many as 228 people tested positive for COVID-19 in Bihar on Saturday, taking the total number of cases in the state to 2,394, PTI quotes the health department as saying.

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494
India

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494

Coronavirus Outbreak LIVE Updates: Two police stations have been sealed partially after a head constable was tested positive for COVID-19. According to police, the infected head constable was overseeing the arrangements to quarantine people who came from Mumbai.