Finance Minister Nirmala Sitharaman last week announced various measures to spur growth, including hastening the capital infusion into state-run lenders.
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A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the government has not yet decided on how the funds from the central bank will be utilised.
The rupee climbed by 54 paise against the US dollar to settle at 71.48 on Tuesday, recovering from a more than nine-month closing low registered in the previous session. With today's jump, the rupee posted its biggest single-day gain in more than five months against the dollar. The gain in the home unit came after the Reserve Bank of India decided ...
Moody's has cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent. For calendar year 2020, it reduced the estimate to 6.7 per cent.
The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sector...
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
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