Modi government to take up 31 Bills during Monsoon session beginning Monday
NEW DELHI: As many as 31 Bills, including two related to finance, six on Ordinances are likely to be taken up by the Narendra Modi government (Centre) during the Monsoon Session of Parliament that will commence from Monday while the Opposition has demanded discussions on a host of issues including the Covid-19 situation and threat […]
Inflationary woes: RBI retains rates, maintains accommodative stance
NEW DELHI: The Reserve Bank of India (RBI) on Friday retained its key short-term lending rates to subdue the unabatedly high inflation rate. However, the Monetary Policy Committee (MPC) of the central bank maintained the growth-oriented accommodative stance, thus opening up possibilities for more future rate cuts. Resultantly, MPC voted to maintain the repo rate […]
Inflation likely to remain elevated, Q3 CPI seen at 6.8%
MUMBAI: As India battles to break out of the Covid cloud and the severe setback inflicted by the pandemic on the economy, the Reserve Bank of India’s Monetary Policy Committee (MPC) expects inflation to remain high and the consumer price index (CPI) for the October-December quarter of FY21 is projected at 6.8 per cent. In […]
RSS body accuses RBI of favouritism, backdoor entry and snubbing due process
NEW DELHI: A week after the Reserve Bank of India (RBI) decided to palm off the 94-year-old Tamil Nadu-based Lakshmi Vilas Bank (LVB) free of cost, the issue has taken a political turn. On November 17, the RBI had proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India […]
CPI opposes banking licence to industrial/business houses
NEW DELHI: The Communist Party of India (CPI) on Tuesday opposed the recommendations of Reserve Bank of India’s (RBI) working group to issue banking licence to industrial/business houses and conversion of large finance companies into banks. “It should be recalled here that at the time of Independence of our country, all the banks in India […]
CPI to hold all India protest on September 14
NEW DELHI: The CPI will observe September 14 as ‘All India Protest Day’ to highlight the state of the economy, according to a statement issued by the party on Tuesday. “The party has decided to organise a protest on September 14, 2020, the day on which the Parliament is to meet. This is to highlight […]