The consumer commission has said that a builder cannot make excuses like not getting approvals from authorities, land acquisition problems or any other difficulty for delay in handing out flats to homebuyers

Das has been roped in to join the RBI amid a tussle between the government and the RBI over several issues, including the latter's autonomy, rich cash reserves, and liquidity crises.

Urjit Patel's resignation from his post as the governor of the Reserve Bank of India, comes just days before the meeting of the central bank's board on December 14

The last two board meetings saw both the government and the RBI  taking positions. In the November 19 meet, the RBI board discussed four issues and RBI actually agreed on only one, while referring the other three to expert panel and committees.

The Reserve Bank of India has set in motion a road map for gradual reduction in statutory liquidity ratio from the existing 19.5 per cent to 18 per cent, in the next six quarters from January next year

There are global factors - from oil and trade wars to currency wars - all of which can derail the interest rate easing cycle.

You could make calls, surf the net during flights from as early as JanuaryThe new norms allowing use of mobile phones for making calls and internet surfing during flights in the Indian airspace could come as early as January, after the Law Ministry gives its concurrence, Telecom Minister Manoj Sinha said on Wednesday. The Telecom Ministry is currently awaiting the views of the Law Ministry on in-flight connectivity rules and is hopeful of notifying the norms soon thereafter, Sinha said. On Ma...

The government welcomes the assessment made by the RBI's MPC, said Subhash Chandra Garg, Secretary, Economic Affairs.

Welcoming the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged, real estate industry said the move is likely to reinforce confidence in home buyers, resulting in improved sales.

RBI has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent.

The oil prices took a nasty upward turn, so did the value of rupee, which depreciated sharply against the strong dollar.