Wed, Feb 27, 2019
Rs 100 was also among banknotes like new Rs 50, Rs 10 and Rs 500 which has seen a makeover in India’s currency chest since demonetisation drive.
Tue, Jan 01, 2019
In an interview with ANI on the first day of the New Year, PM Narendra Modi spoke on a range of topics—from the Ram Mandir issue to Pakistan, surgical strikes and 2019 Lok Sabha elections.
Prime Minister Narendra Modi on Wednesday said that the demonetisation drive announced by him on November 8, 2016 was not a shock as the government had warned people having black money a year ago. Responding to criticism over surprise resignation of Urjit Patel as RBI Governor, PM Modi said that the former requested to resign on personal reasons, adding that there was no political pressure on him.
Prime Minister Narendra Modi in an interview with ANI on Tuesday evening revealed for the first time why ex-Reserve Bank of India (RBI) governor Urjit Patel resigned from his post last year.
Wed, Dec 26, 2018
New year 2019 may bring a big relief to loan seekers as the time is now ripe for the Reserve Bank of India (RBI) to announce the much-awaited key policy rate.
Thu, Dec 20, 2018
Former RBI Governor Urjit Patel had favoured status quo on monetary policy earlier this month because of uncertainties clouding the medium-term inflation outlook
Wed, Dec 19, 2018
Days after Reserve Bank governor Urjit Patel's resignation, finance minister Arun Jaitely Tuesday said while enjoying functional autonomy, a regulator cannot be "isolationist" and has to consult all stakeholders.
Wed, Dec 12, 2018
Former finance secretary and current member of the finance commission Shaktikanta Das has been appointed as the Governor of the Reserve Bank of India (RBI).
Tue, Dec 11, 2018
While expectations were mostly for a Black Tuesday, in an intriguing revelation, experts indicated that the activity in markets had more to do with Urjit Patel's surprise exit from RBI on Monday night than the assembly result in 5 states.
The markets reversed trend after BJP managed to inch ahead of Congress in Madhya Pradesh - the counting is still on and the winner is expected to announced soon.
Government will have to take stock of current legal position now, in appointing the new head of RBI, whether interim or a full-time Governor, will be clear today, said Finance Secretary AN Jha.
Impact of RBI Governor resignation: The Indian forex and equity markets are likely to witness a deep cut and high volatility due to the impact of RBI Governor Urjit Patel's resignation.
RBI Governor Urjit Patel unexpectedly resigned Monday, bringing into prominence the role played by the central bank in the country's economy. Following is an explainer on the functions and responsibilities of the RBI:-
The benchmark Sensex plummeted 714 points as investors panicked over exit polls suggesting the Congress is giving a tough fight to the ruling BJP in state elections. The bruised rupee and weak global cues also further dampened sentiment.
Reserve Bank of India (RBI) Governor Urjit Patel resigned on Monday with immediate effect, citing "personal reasons", setting of a major crisis in India's politico-economic sphere.
Former RBI Governor Urjit Patel, 55, from being considered a government man on the Mint Street, after supporting demonetisation move of PM Narendra Modi, has in less than two-years emerged from the shadows to find his own voice on issues that mattered the most -- autonomy and independence of the
The Financial Sector Regulatory Appointment Search Committee (FSRASC) is headed by Cabinet Secretary P K Sinha. Apart from him, the panel includes Additional Principal Secretary to the Prime Minister P K Mishra, who is a permanent government nominee, and three other experts, among others.
India Inc Monday said it hopes for a smooth transition and "an approach acceptable to all" after RBI Governor Urjit Patel's resignation, citing liquidity and credit offtake issues in the financial sector.
The friction between the RBI and the Finance Ministry was attributed to the recalcitrance of Patel, who appeared keen to be seen as a defiant, independent-minded governor of high credibility by resisting the government's call for increased transparency on the central bank's reserves (just how much is necessary for stability operations) and for enhanced liquidity so that credit can be eased to money-strapped sectors especially MSMEs.
Brokerage firm HDFC Securities' VK Sharma said the resignation can "knock off" 200 points from the Nifty, which corrected by 1.92 percent to close at 10,488.45 points on Monday primarily due to fears of the ruling BJP getting trounced in the state elections Tuesday.
Mon, Dec 10, 2018
Industrialist Rahul Bajaj has a history of not mincing his words. Just last month, at the peak of a very ugly public spat between the RBI and the Centre, he commended RBI Governor Urjit Patel for showing the "spine".
Former prime minister Manmohan Singh Monday termed RBI Governor Urjit Patel's resignation as "very unfortunate" and said it was a "severe blow" to the country's economy.
N S Vishwanathan, senior most deputy governor, may be made interim head of the RBI following the unexpected resignation of Urjit Patel, according to sources.
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