MPC members to get Rs 1.5 lakh per meet,disclose assets every year
The members appointed by the government would "receive a remuneration of Rs 1,50,000 for devoting time and work for each meeting of the committee. Which they attend and other expenses relating to air travel, local transportation and accommodation as may be decided by the central board from time to time," as per the regulations.
Jul 23, 2017, 15:35 PM IST
RBI to lease currency verification systems to weed out fakes
As per the tender document, the currency notes of all denominations received at regional office of the RBI would have to be processed at a minimum speed of 30 notes per second.
Jul 23, 2017, 12:13 PM IST
Government had Rs 105.36 billion outstanding loans from RBI in June 23 week
State governments had 19.30 billion rupees loans from the RBI in the week ended June 23, compared with 15.03 billion rupees in the previous
week, the release showed.
ECB leaves interest rates unchanged and bond buying intact
European Central bank governors on Thursday left key interest rates at historic lows and the ECB`s mass bond-buying programme in place, a spokesman said, in line with observers` expectations.
Apr 27, 2017, 17:37 PM IST
'Merge govt, central bank budgets for better fiscal outcomes'
An American economist has called for consolidating the central bank and government's budgets and balance sheets saying such a move can prevent sovereign default risks and ensure better fiscal and monetary outcomes.
Apr 16, 2017, 11:55 AM IST
Donald Trump 1, free trade 0: G20 nations bow to US pressure
The world's biggest economies have dropped a long-standing public endorsement of free trade at their first meeting with the US President Donald Trump's administration.
Mar 19, 2017, 10:49 AM IST
Mahinda Rajapaksa threatens to sue Central Bank over 'Bond scam'
Former Sri Lankan president Mahinda Rajapaksa on Saturday threatened to sue the Finance Ministry and Central Bank over the alleged Bond scam, saying someone committed a "major fraud" using his name.
Feb 25, 2017, 16:50 PM IST
Central Bank narrows Q3 net loss at Rs 605.70 crore
Public sector Central Bank of India on Saturday reported a net loss of Rs 605.70 crore for the third quarter ended December 31, 2016, on persisting bad loans.
Feb 04, 2017, 18:38 PM IST
Govt respects RBI's autonomy and independence: Finance Ministry
A day after the employee unions of the Reserve Bank of India expressed their resentment against alleged interference of the government in the central bank`s affairs, the Finance Ministry on Saturday said that it fully respects its autonomy.
Jan 14, 2017, 19:44 PM IST
Sri Lanka needs to maintain competitive exchange rate: Central Bank
Sri Lanka needs to maintain a competitive exchange rate that would promote exports and not allow an over-valuation of the rupee that may reduce export competitiveness, the country's Central Bank has said.
Dec 24, 2016, 12:11 PM IST
RBI cautions against fake notifications, instructions on social media
In wake of several notifications and instructions circulated in the name of Reserve Bank of India (RBI) on social media by some unscruplous elements post November 8 demonetisation move, the Central Bank has issued a notice on its website advising people to remain cautious.
Dec 01, 2016, 19:33 PM IST
RBI allows banks to deposit Rs 500, Rs 1,000 notes in district chests
The Reserve Bank of India (RBI) has allowed lenders to park old 500 and 1,000 rupee currency notes in currency chests at the district level in view of mounting deposits due to the ongoing domonetisation drive.
Nov 28, 2016, 12:29 PM IST
Bank of England Governor Mark Carney likely to leave in 2018: Media
Bank of England Governor Mark Carney is unlikely to take up the option of a three-year extension to his term at the central bank, and may announce his decision as soon as Thursday, British newspapers reported at the weekend.
Oct 30, 2016, 15:54 PM IST
Fed keeps rates steady: What's next?
Providing respite to the emerging markets once again, the US Federal Reserve maintained status quo with interest rates on Wednesday. Nevertheless, Fed indicated that the rates can be hiked by the year end if the labour market improves.
Sep 22, 2016, 17:56 PM IST
Moderating retail inflation raises rate cut hopes: Ind-Ra
The sharp fall in retail inflation in August has increased the chances of monetary easing by the central bank, India Ratings and Research (Ind-Ra) said .
Sep 13, 2016, 19:49 PM IST
Change of guard at RBI: Patel's tenure begins
Mumbai: In a low-key affair, Urjit Patel has begun his innings as Reserve Bank's new Governor with a private off-media 'handover' ceremony -- a marked departure from his predecessor Raghuram Rajan announcing big-bang reforms on his first day itself three years ago.
Sep 06, 2016, 13:45 PM IST
There is no free lunch: Rajan on special dividend to govt
Outgoing RBI Governor Raghuram Rajan on Saturday rejected the idea of the government taking a special dividend from the central bank for recapitalisation of public sector lenders, saying 'there is no free lunch'.
Sep 03, 2016, 21:01 PM IST
RBI's ability to say 'no' to govt must be protected: Raghuram Rajan
A day before demitting office, Reserve Bank Governor Raghuram Rajan on Saturday said the RBI's ability to say 'no' to highest echelons of government has to be protected as the country needs a strong and independent central bank.
Sep 03, 2016, 16:57 PM IST
India needs strong and independent RBI: Raghuram Rajan
In his last public speech before demitting office, Reserve Bank Governor Raghuram Rajan on Saturday made a vigorous case for a strong and independent central bank that can say 'no' to highest echelons of the government to ensure macroeconomic stability.
Sep 03, 2016, 14:46 PM IST
Central bank should enjoy autonomy: Kaushik Basu
Stressing upong the fact that a Central bank should enjoy autonomy, World Bank chief economist Kaushik Basu said on Friday that ensuring the same is very important.
Aug 05, 2016, 23:37 PM IST
