Need to protect autonomy of Central Bank: RBI
The RBI governor Urjit Patel strongly stressed on the need to protect the autonomy of the central bank before a parliamentary panel.
Economy faces several risks to fiscal health: RBI
Several risks to the Indian economy has been highlighted by RBI, in its submission to the Standing Committee on Finance.
RBI can transfer Rs 1 trillion of excess reserves to government : Report
As per a report, the Reserve Bank has “more than adequate” reserves and that it can transfer over Rs 1 trillion to the government after a specially constituted panel identifies the excess capital.
Oil import highest in seven years
According to data from Petroleum Planning and Analysis, India’s crude oil import surged 10.5% to 21 million tonnes (MT) in October 2018.
Capital deadline extension credit negative: Moody’s
As per the Moody’s investor services, RBI board’s decision to extend the timeline for banks to implement Basel 3 guidelines is “credit negative” for public sector lenders.
Q2 GDP growth to slow to 7.2%: ICRA
In a recently released ICRA report(20th Nov), Higher fuel prices and the weak rupee were pointed out as the primary factors dragging the industrial growth.
Outcomes of RBI board meeting
The very crucial RBI board meeting concluded with detailed and deliberate talks.
‘NSE goBID’ App
The National Stock Exchange (NSE) has launched an app and web-based platform, ‘NSE goBID’, for retail investors to buy government securities.
Doing Business and Corruption
According to the latest edition of the U.K. India Business Council’s Ease of Doing Business report, corruption is no longer among top 3 hurdles in doing business in India.
FPIs investment in November
Foreign investors have pumped in nearly Rs 8,285 crore into the Indian capital markets so far this month(November).