Editorial: Chinese currency
China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly controlled yuan more flexible and market-oriented. Continue Reading
central bank
RBI imposes Rs 2.5 crore penalty on Bajaj Finance
The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.50 crore on Bajaj Finance for violation of codes governing the methods employed to recover dues amongst others. Continue Reading
RBI ready to take measures to contain corona virus challenges: Das
Reserve Bank governor Shaktikanta Das today assured that the central bank will take every measure needed to secure the economy against the challenges arising from the corona virus epidemic. Continue Reading
Centre announces steps to boost housing projects
The government today announced a Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT. Continue Reading