RBI MPC Meet Highlights: RBI Governor Shaktikanta Das-led Monetary Committee maintained the status quo for the seventh time in a row, keeping the lending rates steady
According to Ministry of Civil Aviation, even footfalls across 97 Indian airports between January 2021 and July 2021 saw a decline of 40 per cent.
Centre informed Parliament that Adani Group has been given three-months extension to take over airports of Jaipur, Guwahati and Thiruvananthapuram.
Six years after the Smart Cities Mission was launched by the Centre, only 46 per cent out of the 6,000-odd projects tendered, have been completed.
The aim behind RBI's move was to stop the practice where companies normally take loans from public banks but ran current accounts with private banks.
The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation.
RBI Monetary Policy August 2021: In a recent poll by news agency Reuters, all 61 economists who took part in the survey see no change in the repo rate which has been steady at four per cent since May last year.
RBI has advised people to remain cautious and not to fall prey to elements using the name of RBI to extract money through fraudulent offers.
Aiming to help financially stressed telecom companies, the Centre is learnt to be mulling offering a moratorium to them on spectrum payments.
RBI Monetary Policy: Global commodity prices, easing of lockdowns in states are some of the factors that could impact committee's views on key rates.
Nursing an economy recovering after deadly second coronavirus wave, the RBI is expected to leave interest rates at record lows on Friday.
Government has sanctioned loans amounting Rs 15.5 lakh crore under its flagship Pradhan Mantri Mudra Yojana ever since its inception in April 2015.
Indian Railways has achieved highest ever incremental freight loading of 17,54 million tonnes in July 2021.
Cairn Energy Arbitration: Centre has said it has not received any formal proposal from British oil major to resolve the tax dispute.