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Sumant Banerji
May 10, 2021
Every segment of the industry registered a steep decline in sales except tractors that bucked the trend and continued to post solid growth. Registration of PVs was down 14%, two-wheelers by over 31%, three-wheelers by 64% and commercial vehicles by 49% in April 2020 over April 2019


PTI
May 7, 2021
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022)


PTI
May 6, 2021
Addressing a virtual event organised by industry body Assocham, Garg also said there is undue emphasis on cryptocurrencies and these digital assets will require standard frameworks


BusinessToday.In
May 6, 2021
Report says second wave can lead to potentially larger impact on work, incomes, food security, health and education because it's coming on the back of depleted savings, debt, and reduced fallback options


BusinessToday.In
May 6, 2021
The macro impact of the scheme can be gauged from the fact that Rs 50,000 crore is roughly 9% of India's total health expenditure of Rs 6 lakh crore under private final consumption expenditure in 2019-20, according to SBI Ecowrap


BusinessToday.In
May 5, 2021
The announcement comes as a major relief to account holders as many banks were asking customers to visit their branch to update KYC amidst the second wave of pandemic.


PTI
May 5, 2021
Shaktikanta Das said the quarantine facilities of the RBI continue to operate with over 250 RBI personnel and service providers to ensure continuity of various segments of financial markets and RBI operations


BusinessToday.In
May 5, 2021
Das had announced on April 7 the RBI will put in place what is termed as a \"secondary market G-sec acquisition programme\" or G-SAP 1.0 for 2021-22.First purchase of Rs 25,000 crore in April received an enthusiastic response from market


BusinessToday.In
May 5, 2021
RBI Governor's speech comes at a time when India is ravaged by the second coronavirus wave. RBI could likely announce measures to offset economic impact of Covid-19 wave


BusinessToday.In
May 3, 2021
The central bank said the action against the private lender was in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949


BusinessToday.In
May 3, 2021
Uday Kotak said, \"Given the current pandemic situation, safeguarding lives is of utmost priority and nationwide maximal response measure at the highest level is called for to cut the transmission links\"


BusinessToday.In
May 3, 2021
Sankar took over as the Deputy Governor of the central bank today for a period of three years or until further orders, whichever is earlier.


BusinessToday.In
May 3, 2021
Das advised the NBFCs and MFIs to pay focussed attention to strict adherence to fair practices code, improve customer grievance redress mechanism and strengthen their IT systems


BusinessToday.In
May 3, 2021
Coronavirus in India: Kotak added that even though healthcare and frontline workers are giving their best efforts, it might not be possible for them to manage the escalating caseloads


BusinessToday.In
May 2, 2021
Sankar has been appointed to the post of deputy governor of the RBI for a period of three years, according to a note circulated by the Department of Personnel and Training


Rajeev Dubey
New Delhi, April 29, 2021
As unsuspecting Central and state governments wound up the massive emergency Covid-care hospitals across the country in January and February, they had no inkling that Covid-wave II was already building up across the country


Joe C. Mathew & Ashutosh Kumar
New Delhi, April 29, 2021
With India firmly in the grip of the second Covid wave, the much-expected catapult from a buoyant Q1 is unlikely. How should the Centre steer a slowing economy?


BusinessToday.In
April 28, 2021
Bank Holidays May 2021: As per the RBI, banks in most states will remain shut on May 14 on account of Eid-Ul-Fitr. Besides, some banks will also observe holidays on Akshaya Tritiya, Labour Day, Buddha Pournima, Id-Ul-Fitr, and Jumat-ul-Vida


PTI
April 28, 2021
India's economy is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive, ADB said in its flagship Asian Development Outlook (ADO) 2021


Anand Adhikari
New Delhi, April 27, 2021
The Reserve Bank of India is trying its best to keep the borrowings cost low for the government by keeping the long-term government securities (G-Sec) yields at a low level.  This support from the central bank is coming by way of surplus liquidity despite the signs of higher inflationary pressure. The CPI inflation projection for 2021-22 is at 5 percent as against the upper tolerance limit of 6 percent set by the government.  RBI  is defending its decision by reasoning that the G- Sec yield curve management is for the public good. It says the yield management not only brings down the government borrowing cost but also reduces the interest cost for corporate in the bond market. But it is easier said than done. There is a cost associated with keeping the interest low for an extended period and also managing G-Sec yields when the inflation expectations are high. Anand Adhikari, Executive Editor, Business Today, looks at the likely dangers and consequences of adopting such a policy of low-interest rates and yield management. Read More | New inflation trouble for RBI! Currency depreciation against US dollar big worryAlso Watch | E-mandate options on your debit and credit cards after September


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