The chairman of Parliament’s Public Accounts Committee, K V Thomas, on Monday said a meeting with finance ministry officials has been deferred to February 10 in view of the Budget preparations but Reserve Bank of India governor Urjit Patel will appear before it as per schedule on January 20 on the demonetisation issue. The PAC had asked Patel and finance ministry officials to appear before the committee on January 20. "The meeting is scheduled for January 20 and RBI governor Urjit Patel ... Rediff.com, 2 months ago
Some questions for Parliament panel to ask RBI guv - Rediff.com, 2 months ago
50 days over, now please answer these 5 questions: Rahul to Modi - Rediff.com, 2 months ago
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The Supreme Court on Tuesday asked the Centre why it chose not to create a separate category for those who couldn’t deposit demonetised notes by December 30, 2016 unlike the NRIs and people who were abroad. A bench headed by Chief Justice J S Khehar said that the prime minister, in his November 8 address, had said that those with valid reasons could deposit the demonetised currency even after December 30, 2016, till March 31, 2017. “Prime Minister in his address had said that ...Rediff.com, 3 days ago
The impact of demonetisation on gross domestic product may be seen in the current quarter in some segments, while the remonetisation exercise should be completed in two-three months, Reserve Bank of India Deputy Governor Viral V Acharya said on Monday. Asked if a spillover of notes ban could extend to January-March quarter, Acharya said the impact could be felt in some segments. “Ultimately, the cash shortage is like the liquidity shock and unless it had led to a substantial wealth ...Rediff.com, 2 weeks ago
Reserve Bank of India Governor Urjit Patel allegedly received a threat mail asking him to quit the job from a 37-year-old man, who has been arrested from Nagpur, police said on Sunday. The RBI Governor received the email on February 23 in which the sender threatened to harm Patel and his family if he did not quit, a police official said. Patel forwarded the email to a senior RBI officer, who in turn approached the cyber cell of Mumbai police and lodged a complaint. During investigation, ...Rediff.com, 2 weeks ago
A 27-year-old man was arrested on Thursday in connection with a case in southeast Delhi’s Sangam Vihar area where a State Bank of India ATM had allegedly dispensed four notes of Rs 2,000 with ‘Children Bank of India’ written on them. Romil Baaniya, deputy commissioner of police (Southeast) said that the cash custodian was arrested on Thursday. “The accused was already identified yesterday (Wednesday) and today (Thursday) we arrested him. He has been identified as ...Rediff.com, 4 weeks ago Fake Rs 2000 notes from 'Children Bank of India' at Delhi ATM Rediff.com, 4 weeks ago
According to bond dealers, the spike in CD issuance could indicate that liquidity won’t remain as comfortable by the end of the financial year (March 31) as it now is. After a demonetisation-induced dip in issuance, banks are returning to the certificates of deposit (CD) market, even as liquidity seems more than adequate. CDs are short-term instruments issued by banks that mature within a year. The most popular form is those doing so in three months. In the fortnight ended ...Rediff.com, 1 month ago
The RBI announced its sixth bi-monthly monetary policy statement where it left key repo and reverse repo rates unchanged. The repo rate was left unchanged at 6.25% and the reverse repo rate at 5.75%. This was against the common view that the central bank ...DNA, 1 month ago Even as FIIs pull out crores, high volatility to rule bonds & rupee Rediff.com, 2 months ago
As far as speeches go, PM Modi’s blitzkrieg attack on the Opposition in Rajya Sabha was more Trump than Lincoln. It was no Gettysburg speech that looked to codify the values of a nation, but more of a bare-knuckled side-alley hack against opponents who ...DNA, 1 month ago
Over a month after the end of 50-day demonetisation period, the Reserve Bank of India on Wednesday said it is reconciling data on junked 500 and 1,000 rupee notes with physical cash and the ‘final numbers’ will be divulged after June 30, the day when all windows for depositing old notes will be closed. Following the shock demonetisation announcement on November 8, the government had asked people to deposit old notes in banks by December 30. Indians who were abroad during November 9 ...Rediff.com, 1 month ago
For the second time in a row, the Reserve Bank on Wednesday opted for a status quo in its key rates but shifted the stance of the monetary policy from ‘accommodative’ to ‘neutral’. “The decision of the Monetary Policy Committee is consistent with a neutral stance of monetary policy in consonance with the objective of achieving consumer price index inflation at 5 per cent by Q4 of 2016-17 and the medium-term target of 4 per cent within a band of +/- 2 per ...Rediff.com, 1 month ago
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