File reply on card payment surcharge, HC asks Centre, RBI

Wed, 01/04/2017 - 20:44

New Delhi, Jan 4 (IANS) The Delhi High Court on Wednesday asked the Union government and the RBI to file replies on a PIL for framing of guidelines to prevent charging of surcharge on transactions through credit/debit cards.


NRIs can exchange old currency notes by June 30, 2017: RBI

Sun, 01/01/2017 - 00:04

New Delhi, Jan 1 (IANS) The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes for Indian residents and NRIs, who were abroad from November 9 to December 30.


2016: The most momentous year for RBI since Independence

Fri, 12/30/2016 - 12:34

Mumbai, Dec 30 (IANS) The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a Monetary Policy Committee and the demonetisation of high-value currency last month.


Demonetisation will transform Indian economy: RBI governor

Fri, 12/30/2016 - 00:48

Mumbai, Dec 30 (IANS) On the eve of the deadline for citizens to deposit demonetised currency in banks, Reserve Bank of India (RBI) Governor Urjit Patel said that demonetisation will have a transformative effect on the economy going forward, despite some short-term disruptions and "public hardship".


RBI may cut interest rate by 50 bps on December 7: HDFC CEO

Sat, 12/03/2016 - 13:08

New Delhi, Dec 3 (IANS) At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may cut the main interest rate by 50 basis points, feels Keki Mistry, Vice Chairman and CEO of HDFC.


RBI had plans to issue Rs 5,000, Rs 10,000 notes: Jaitley

Sat, 11/12/2016 - 23:38

New Delhi, Nov 12 (IANS) The RBI's original proposal was to issue high-value new currency notes in the denominations of Rs 5,000 and Rs 10,000, but the Narendra Modi government finally decided to go in for Rs 2,000 denominations, Finance Minister Arun Jaitley said on Saturday.


Swamy says 'publicity relentlessly seeks a politician'

Wed, 06/29/2016 - 15:26

New Delhi, June 29 (IANS) After Prime Minister Narendra Modi dubbed his attack on RBI Governor Raghuram Rajan and top finance ministry officials as a "publicity stunt", BJP MP Subramanian Swamy on Wednesday said he is not behind publicity but "publicity relentlessly seeks a politician".


Modi pulls up Swamy, admits to 'lot of problems' with China

Mon, 06/27/2016 - 20:52

New Delhi, June 27 (IANS) Asserting his authority in no uncertain terms, Prime Minister Narendra Modi on Monday ticked off BJP leader Subramanian Swamy over his "publicity stunts", and said India can now speak to China eye-to-eye despite having "a whole lot of problems".


Modi condemns Swamy's attack on Rajan

Mon, 06/27/2016 - 17:20

New Delhi, June 27 (IANS) Prime Minister Narendra Modi on Monday condemned BJP MP Subramanian Swamy's attack on RBI Governor Raghuram Rajan and Chief Economic Adviser Arvind Subramanian, saying "it was not right".


We respect Raghuram Rajan's decision to leave: Sitharaman

Mon, 06/20/2016 - 18:54

New Delhi, June 20 (IANS) The government appreciates the work done by Reserve Bank of India (RBI) Governor Raghuram Rajan and respects his decision to return to work in academics at the end of his term in September, Commerce Minister Nirmala Sitharaman said on Monday.


PM knows everything, does not need experts like Rajan: Rahul

Sat, 06/18/2016 - 21:56

New Delhi, June 18 (IANS) Congress vice president Rahul Gandhi on Saturday hit out at Prime Minister Narendra Modi over RBI Governor Raghuram Rajan decision to forego a second term, saying the PM has no need for such experts.


Not surprised at Rajan's decision to quit: Chidambaram

Sat, 06/18/2016 - 19:42

New Delhi, June 18 (IANS) Congress leader P. Chidambaram on Saturday accused the NDA government of a planned campaign of insinuations and baseless allegations against RBI Governor Raghuram Rajan and said he was disappointed but not surprised by the economist's decision to leave the bank after completion of his term.


RBI hikes Yes Bank's foreign holding limit to 74%

Fri, 06/10/2016 - 23:40

Mumbai, June 10 (IANS) Reserve Bank of India (RBI) on Friday increased private sector Yes Bank's foreign holding limit to 74 per cent of the paid-up capital, under the portfolio investment scheme.