TOP

September 20, 2013 1:18 PM

RBI hikes repo rate by 25 basis points in mid-quarter review

Reserve Bank of India Governor Raghuram Rajan today hiked the key repo rate by 0.25 per cent to 7.5 per cent. The repo rate is the rate at which banks borrow short term money from the RBI. The Central bank's move to hike rates is aimed at reining in the rising inflation.In its mid-quarter revie...

September 20, 2013 12:31 PM

Cabinet nod for HPCL refinery-cum-petrochemical complex in Barmer, Rajasthan

The Union Cabinet today approved setting up of a nine million tonne refinery-cum-petrochemical complex by Hindustan Petroleum Corporation Limited, HPCL's, in Barmer, Rajasthan. Information and Broadcasting Minister Manish Tewari said, the 37,229 crore rupees project will ensure augmenting refin...

September 20, 2013 11:49 AM

RBI hikes repo rate by 25 basis points in mid-quarter review

The Reserve Bank of India has reduced the marginal standing facility (MSF) rate by 75 basis points from 10.25 per cent to 9.5 per cent with immediate effect in its mid-quarter review of monetary policy for 2013-14 announced today. It has also reduced minimum daily maintenance of the Cash Reserve Rat...

September 20, 2013 11:45 AM

RBI hikes key repo rate policy by 25 basis points in mid-quarter review

The Reserve Bank of India has reduced the marginal standing facility (MSF) rate by 75 basis points from 10.25 per cent to 9.5 per cent with immediate effect in its mid-quarter review of monetary policy for 2013-14 announced today. It has also reduced minimum daily maintenance of the Cash Reserve Rat...

September 20, 2013 9:53 AM

Muzaffarnagar violence: SC to monitor probe & rehab work

The Supreme Court yesterday said that it will continue to monitor the probe into the Muzaffarnagar voilence and relief and rehabilitation work in violence-hit areas till the end. The Apex court asked the Uttar Pradesh government to file a report on steps taken by it.A bench headed by Chief Justice P...

September 20, 2013 8:46 AM

RBI allows banks to open branches without its approval

Within days of new RBI Governor Raghuram Rajan making comments to this effect, the central bank has allowed lenders to open branches, including in big cities, without its permission provided they fulfill certain conditions. In a notification yesterday, the Reserve Bank of India said that the general...

September 20, 2013 8:44 AM

Muzaffarnagar violence: SC to monitor probe & rehab work

The Supreme Court yesterday said that it will continue to monitor the probe into the Muzaffarnagar voilence and relief and rehabilitation work in violence-hit areas till the end. The Apex court asked the Uttar Pradesh government to file a report on steps taken by it. A bench headed by Chief Justice ...

Most Read

View All arrow-right

No posts found.