RBI caps WMA limit for central govt at Rs 35,000cr for 2015 first half

The Reserve Bank of India, RBI has capped the Ways and Means Advances, WMA limit for the central government in the first half of the new financial year 2015 at 35,000 crore rupees. In a notification issued yesterday, the apex bank said that it may trigger fresh flotation of market loans when the gov...

WB doubling lending capacity to boost support for middle-income countries

The World Bank is nearly doubling its lending capacity to boost support for middle-income countries like Brazil, China, Indonesia, India and Mexico, because they can provide insight to poorer countries in solving their problems. World Bank President Jim Yong Kim made the announcement in a speech at ...

ADB agrees to provide additional 30 million dollar loan to Nepal

ADB aggress to provide additional 30 million dollar loan to Nepal

Gazprom announces 40 percent rise in price of gas exports to Ukraine

Russian energy giant Gazprom has announced a more than 40 percent increase in the price of gas exports to Ukraine, scrapping a previous discount amid mounting strains between the two countries. Gazprom chief executive Alexei Miller said in a statement today, the debt currently owed by Ukraine to Gaz...

EC allows RBI to issue licences for setting up new banks

Election Commission has allowed the Reserve Bank to issue licences for setting up new banks in the country.In a letter to RBI Governor Raghuram Rajan, the Commission today gave its nod to the Bank to take necessary action for granting approval in-principle for banking licences.On 12th of last month,...

RBI keeps repo rate unchanged at 8pc

In line with market expectations, the Reserve Bank of India (RBI) today kept the repo rate unchanged at 8 per cent in its first bi-monthly monetary policy statement for the year 2014-15.The GDP growth for 2014-15 is expected at 5 to 6 per cent with downside risks. It has also kept the cash reserve r...

El Nino may have adverse bearing on inflation: RBI

RBI has said further softening of vegetable prices is unlikely and the impact of the El Nino weather phenomenon on the monsoon could have an adverse bearing on inflation. The Reserve Bank of India said in its first bi-monthly monetary policy statement for 2014-15 that excluding food and fuel retail ...

Further softening of vegetable prices unlikely says RBI

RBI has said further softening of vegetable prices is unlikely and the impact of the El Nino weather phenomenon on the monsoon could have an adverse bearing on inflation. The Reserve Bank of India said in its first bi-monthly monetary policy statement for 2014-15 that excluding food and fuel retail ...

Retail inflation for industrial workers eases to 6.73 pc in Feb

Retail inflation for industrial workers has eased to a two year low of 6.73 per cent in February due to softening of prices of food items. A Labour Ministry statement said, the year-on-year inflation measured by monthly Consumer Price Index for Industrial workers (CPI-IW) stood at 6.73 per cent for ...