Business Today

Govt says RBI needs to cut CRR to improve liquidity

A government official said on Tuesday said the Reserve Bank of India (RBI) should consider lowering Cash Reserve Ratio (CRR) in addition to buying government bonds to ensure adequate liquidity.

Yes Bank to seek extension for Rana Kapoor, appoints search panel

The Yes Bank board on Tuesday decided to seek at least a three-month extension for Rana Kapoor, managing director and chief executive, from RBI beyond January 31, 2019.

India eases oil import rules for state refiners as it seeks to cut costs

The move will help refiners in Iran's second biggest oil market to boost purchases from alternative sources as US President Donald Trump prepares to halt Iranian oil sales through a new set of sanctions from November 4.

Eligibility of ArcelorMittal, NuMetal has to be decided by SC: Committee of Creditors

It has been alleged that ArcelorMittal had 32 and 29 per cent stakes in KSS Petron and Uttam Galva respectively and it had exited from them after selling the stakes before submitting the resolution plan to take over the Essar Steel.

India a free society, successfully lifting millions out of poverty: Donald Trump

He said the dreams that fill the UNGA hall today are as diverse as the people who have stood at this podium and as varied as the countries represented in the United Nations.

 
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From The Magazine

Need to Avoid Panic

After the rupee plunged to new lows against the dollar, having depreciated to close to 73, the government has finally acted by announcing a slew of measures to prop up the currency.