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, 1 month ago
Some questions for Parliament panel to ask RBI guv - Rediff.com, 1 month ago
50 days over, now please answer these 5 questions: Rahul to Modi - Rediff.com, 1 month ago
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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, 1 day ago RBI seeks details of Rs 500/1,000 deposits from banks Rediff.com, 1 month ago Why note ban may lead to huge drop in economy Rediff.com, 2 months ago RBI to issue new Rs 20, Rs 50 notes soon Rediff.com, 2 months 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, 3 days 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, 2 weeks ago Three reasons RBI may not cut interest rates on Wednesday DNA, 2 weeks ago Even as FIIs pull out crores, high volatility to rule bonds & rupee Rediff.com, 1 month ago Why Urjit Patel did not cut interest rates on Dec 7 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, 2 weeks 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, 2 weeks 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, 2 weeks ago
The cell was formed after attacks on the Bangladesh central bank by international hacker groups siphoned off millions of dollars. The Reserve Bank of India is strengthening its information technology and cyber security cell. It is in the process of hiring specialists for roles in cyber security, systems audit, research and innovation, project management and administration -- the four divisions of the new unit. On Wednesday, it offered the jobs through an advertisement on its website.Rediff.com, 1 month ago
Strongly condemning Prime Minister Narendra Modi’s demonetisation move and its effects, Congress president Sonia Gandhi’s son-in-law and businessman Robert Vadra on Monday said the government has reached a level of desperation to overcome the blunder of the drive. “The government seems to have reached its levels of desperation to overcome the initial blunder it created, through the unplanned and unthought process of demonetisation,” Vadra said in his Facebook post. ...Rediff.com, 1 month ago 'PM Modi's demonetisation move is despotic' Rediff.com, 2 months ago Note-ban not a yagna but a forest fire, alleges Congress Rediff.com, 1 month ago
Amid fears of a decline in the country’s gross domestic product, former prime minister Manmohan Singh cautioned the people on Wednesday that the worst was yet to come in the wake of demonetisation which he termed as a ‘disaster’. In his address at the 'Jan Vedna' conclave, Singh termed demonetisation as a ‘disaster’ and said things have gone from bad to worse and that the worst was yet to come. He dismissed as 'hollow claim' and (Prime Minister Narendra) 'Modi's ...Rediff.com, 1 month ago
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