RBI likely to maintain status quo on interest rate

The Reserve Bank of India is likely to maintain a status quo on benchmark interest rate in its next monetary policy meet outcome to be announced on February 5, four days after the presentation of the Union Budget 2021-22. Continue Reading

RBI raises credit limits

The Reserve Bank of India (RBI) on Friday released its revised priority  sector lending guidelines wherein the credit limits have been raised for farmer  producer organisations, renewable energy and for health infrastructure. Continue Reading

Nobel laureate Banerjee speaks on economic crisis in India

Nobel laureate Abhijit Banerjee said the government’s stringent commitment to low inflation has resulted in farm distress by adversely impacting support price for agricultural produce. Striking a note of caution, he said Prime Minister Narendra Modi has more faith incorporates than him. Continue Reading

Nirmala Sitharaman hits back at Manmohan Singh on economic crisis

Recalling when and what went wrong during a certain period is absolutely necessary, Union Finance Minister Nirmala Sitharaman has said, targeting former Prime minister Manmohan Singh for accusing the NDA government of always trying to put the blame on its rivals. Continue Reading

NT compiles a list of major financial crimes that shocked India

Ever since Punjab and Maharashtra Cooperative Bank (PMC Bank) crisis unfolded, citizens across India are worried by the mounting financial stumbles that have plagued our nation as our economy continues to stumble downward. In this article, News Today compiles a list of major white-collar crimes that rocked our country. Continue Reading

Low inflation, falling growth leave more room for rate cut: RBI governor

The government has limited fiscal space to support growth, but low inflation can help the monetary authority ease policy rates further and help boost the economy that has badly lost its momentum, RBI governor Shaktikanta Das said yesterday. Continue Reading

Mr Clean’s dirty linen

It’s just two weeks since the trust vote and the N-deal is almost a done deal from the Indian point of view. The ball is now in the US court, but the godspeed with which it has landed there speaks volumes of the PM’s determination that has powered it, whatever his motives or predicaments. Continue Reading