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December 17, 2015 8:55 PM
Finance Ministry today said India is well prepared to deal with the impact of the US Federal Reserve interest rate hike. Economic Affairs Secretary Shaktikanta Das tweeted that the end of uncertainties will actually help policy makers in emerging economies. He said the rate hike and reference to gra...
December 17, 2015 8:43 PM
Responding to the decision of the Federal Reserve, Finance Ministry said, it marks the beginning of gradual withdrawal of the accommodative monetary policy stand adopted since 2006. It said, going forward, the actions of the US Federal Reserve are expected to be cautious and data driven. In a Statem...
December 17, 2015 8:10 PM
The RBI today said all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds. In a press release issued today The Reserve Bank said that apart from helping borrowers reap the benefit of lower rates, the step will also im...
December 17, 2015 7:45 PM
Responding to the decision of the Federal Reserve, Finance Ministry said, it marks the beginning of gradual withdrawal of the accommodative monetary policy stand adopted since 2006. It said, going forward, the actions of the US Federal Reserve are expected to be cautious and data driven. In a Statem...
December 17, 2015 7:43 PM
The RBI today said all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds. The Reserve Bank said that apart from helping borrowers reap the benefit of lower rates, the step will also improve transparency in the method...
December 17, 2015 2:01 PM
Secretary in the Department of Industrial Policy and Promotion Amitabh Kant has said that Make in India initiative has had a tremendous impact on the investment climate. Talking to reporters in New Delhi today, Mr Kant said, the initiative have got substantial investment in various sectors. He said,...
December 17, 2015 1:39 PM
The US Federal Reserve has raised interest rates by 0.25 percent, its first increase since 2006. This was announced yesterday after a two-day policy meeting between officials with stocks rallying in early trading in Europe and the US. The rate, which stands at 0.5 percent after the increase, was kep...
December 17, 2015 1:24 PM
India has raised concerns over massive subsidization of farm sectors by developed countries. Addressing the 10th Ministerial Conference of the WTO in Nairobi, Minister for Commerce and Industry Nirmala Sitharaman pulled up rich countries for failing to reduce massive agricultural subsidisation. She ...
December 17, 2015 12:53 PM
The Supreme Court has held that RBI should take rigid action against those banks and financial institutions which have been indulging in disreputable business practices. A bench comprising Justices MY Eqbal and C Nagappan said, the central bank cannot withhold information on defaulters and other iss...
December 17, 2015 12:23 PM
Petroleum and Natural Gas Minister Dharmendra Pradhan has said, it is wrong to say that the consumers have not benefited from fall in international oil prices. Talking to reporters in New Delhi, Mr Pradhan said in the past one and a half years, petrol price has been reduced 20 times and diesel 16 ti...
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