Centre, RBI sign agreement to keep inflation below 6%

OERC revokes licences of 3 Reliance distribution companies

Odisha Electricity Regulatory Commission, OERC has revoked licences of three power distribution companies controlled by Anil Ambani-led Reliance Energy. The OERC also appointed state-owned Grid Corporation of Odisha, Gridco's Chairman-cum-Managing Director as administrator of the three disc...

RBI cuts repo rate by 25 basis points to 7.5 per cent

The Reserve Bank of India today cut repo rate by 25 basis points to 7.5 percent, signaling that it was convinced by the fiscal consolidation measures announced in the Budget. The RBI has kept the cash reserve ratio (CRR) unchanged at 4 percent.Reasoning behind the rate cut, the RBI said in its state...

Spectrum auction begins; Govt expects Rs 80,000 cr revenue

The auction of 2G and 3G spectrum began today, where 8 companies are bidding to acquire airwaves in four bands. The auction is the biggest ever sale of airwaves which may fetch the government over Rs 82,000 crore. The government is selling 380.75 MHz of 2G spectrum in three bands - the premium 900 M...

CII, FICCI, Bankers hail surprise rate cut by RBI

Commenting on the surprise rate cut by the RBI, Director General, Confederation of Indian Industry, CII, Chandrajeet Bannerjee said the unexpected cut in headline interest rate by the RBI sends a huge positive signal that the Central bank and the government are working in tandem to provide a robust ...

India Inc hails surprise rate cut by RBI

Cheering the surprise RBI rate cut, the corporate bodies said, the move sends a positive signal to investors and will help boost growth by lowering the cost of capital. Confederation of Indian Industry, CII Director General Chandrajit Banerjee said, coming on the back of a growth-oriented Budget, th...

RBI cuts repo rate by 25 basis points to 7.5 per cent

The Reserve Bank of India today cut repo rate by 25 basis points to 7.5 percent, signaling that it was convinced by the fiscal consolidation measures announced in the Budget. The RBI has kept the cash reserve ratio (CRR) unchanged at 4 percent.Reasoning behind the rate cut, the RBI said in its state...

RBI cuts repo rate by 25 basis points to 7.5 per cent

Counsel youth on good credit behaviour: RBI to banks, CICs

RBI Deputy Governor, R Gandhi has asked the Credit Information Companies - CICs and banks to 'counsel' the youth on good credit behaviour. Addressing a seminar in Mumbai yesterday, Mr. Gandhi said the young borrowers are oblivious of consequences of non-repayment on their credit tr...

Centre, RBI sign agreement to keep inflation below 6% and provide price stability with growth