RBI Deputy Governor Viral Acharya compared government's 'myopic' economic policies to a T20 cricket match, in contrast to the long-term planning of a central bank, which he called a Test match.

The minimum investment amount is Rs 1,000. The NFO will primarily invest in stocks that are expected to benefit from growth in income and consumption in the rural sector. Indian economy is known to work well when rural economy does well, and this fund is planning to capitalise on this theme.

In an unexpected move, the Monetary Policy Committee of Reserve Bank of India (RBI) on Friday kept the repo rate unchanged at 6.5 per cent. The MPC changed the stance from 'neutral' to 'calibrated tightening'

How ultra-rich stay rich; their world of trusts, private bankers and offshore destinations.

Paytm raises $300 million from Berkshire HathawayOne97 Communications Ltd, the parent company of Paytm, has raised $300 million from Warren Buffett's Berkshire Hathaway Inc., according to regulatory documents, as reported by Mint. This will be Berkshire Hathaway's first investment in the country's startup ecosystem. This is being considered a boost for India's startup industry.GST Council meet: National cess to help calamity-hit states on agendaThe Goods and Services Tax Council w...

Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.

This deal has also raised eyebrows since Buffett had long refused to invest in the tech space saying that it was too difficult to predict which tech businesses will prosper in the long run.

How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.

The new policy proposes to revamp the Industrial Policy of 1991, and has been billed as the first major overhaul in nearly three decades.

Today, Finance Minister Arun Jately in a Facebook post described the note ban as a \"key step in a chain of important decisions taken by the government to formalize the economy\".

The government's attempt to sell Air India has failed but its broad public asset management strategy is showing results.

It said that irrespective of distress conditions, there was an increase of over Rs 2 crore in amount disbursed in banks after Aadhaar-linked payment or ALP.

Data released by the Reserve Bank of India shows an increase in cash withdrawals from automated teller machines (ATMs) by 22 per cent in April from a year ago to Rs 2.6 lakh crore.

Prime Minister Narendra Modi government's thrust on financial inclusion through digital means is gaining traction among larger sections of Indian society, a sample survey based report by financial inclusion consulting firm Microsave Private Limited suggests.

The upcoming budget is likely to provide a boost to the infrastructure sector and job creation. Government is likely to provide a higher allocation to road, power, telecom and IT ministries. Companies in infrastructure space are likely to benefit as increased capital spending will improve order books, top line and profits.