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Updated: 2 hours 11 min ago

Non-essential spending by households to shrink further in 2021: RBI survey

2 hours 39 min ago
More families expect general price rise in next one year

Govt procures 33 mn tonnes kharif paddy so far at MSP for Rs 62,278 cr

3 hours 4 min ago
Paddy procurement in the ongoing kharif marketing season at MSP has so far increased by 20 per cent to nearly 330 lakh tonnes, valued at Rs 62,278.61 crore. In the ongoing kharif marketing season (KMS) 2020-21, the government continues to procure kharif 2020-21 crops at its MSP (minimum support price) from farmers, an official statement said on Friday. The marketing season starts from October. Paddy procurement for kharif 2020-21 is continuing smoothly in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Maharashtra and Bihar. The Food Corporation of India and state agencies have purchased 329.86 lakh tonnes of paddy up to December 3 as against purchase of 275.98 lakh tonnes in the corresponding period last year. "About 31.78 lakh farmers have already been benefitted from the ongoing KMS procurement operations with MSP value of Rs 62,278.61 crore," the statement said. Out of th

E-commerce order volume grew 56%, GMV by 50% this festive season: Report

5 hours 9 min ago
The Tier II and beyond cities have witnessed a growth of about 99 per cent as compared to last year's festive season, says a new report by Unicommerce

Inflation outlook adverse, but economic contraction is over: RBI

7 hours 54 min ago
The MPC now expects consumer price index-based inflation to average at 6.8% in the current quarter, and at 5.8% in January-March 2021

India's e-commerce industry sees 56% growth in festive orders: Report

8 hours 21 min ago
The report said that not just marketplaces but brand websites also reported huge growth in consumer demand his festive season.

RBI's status quo on policy rates to aid economic recovery: Experts

8 hours 29 min ago
India Inc and experts on Friday said the RBI's decision to hold interest rates will support economic recovery in the aftermath of the Covid-19 pandemic.

Indian aviation industry to report a net loss of Rs 21,000 cr in FY21: Icra

9 hours 56 min ago
Indian aviation industry is expected to report a net loss of Rs 21,000 crore in the current financial year against a net loss of Rs 12,700 crore in FY20 due to lower revenues and high fixed costs

RBI proposes liquidity enhancing measures for RRBs, directions to come soon

10 hours 9 min ago
After banks and NBFCs, the Reserve Bank of India (RBI) has now decided to facilitate a more efficient liquidity management in Regional Rural Banks

Australia reports record-breaking online shopping boom amid the pandemic

10 hours 11 min ago
Australia has witnessed an unprecedented online shopping boom amid the Covid-19 pandemic.

Growth prospects have brightened with vaccine progress: RBI Governor Das

10 hours 15 min ago
Reserve Bank Governor on Friday said growth rate is likely to turn positive in the second half of the current financial year.

RBI to introduce digital payment security control directions: Governor Das

10 hours 21 min ago
RBI Governor Shaktikanta Das said the central bank will be introducing digital payment security control directions for regulated entities

RBI asks banks to retain profit, not make any dividend payment for FY20

10 hours 21 min ago
In view of the economic shock caused by Covid-19, the Reserve Bank of India asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020

RBI holds rates over inflation, assures ample liquity for stressed sectors

10 hours 30 min ago
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based

RBI strengthens grievance redress framework of banks for better service

10 hours 57 min ago
RBI has decided to put in place a comprehensive framework to strengthen and improve the efficacy of the internal grievance redress mechanism of the banks and to provide better customer service

Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI

11 hours 18 min ago
The Reserve Bank of India revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent

RTGS to be made available 24X7 in next few days: RBI Governor

11 hours 23 min ago
RBI said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days

RBI pegs retail inflation at 6.8 percent for the December quarter

11 hours 39 min ago
The Reserve Bank of India said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the third quarter of the current fiscal

RBI policy: Clearly more sanguine on growth, but cautious on inflation

12 hours 19 min ago
The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy

RBI's move to keep key interest rates steady was expected, experts say

12 hours 25 min ago
The Reserve Bank of India kept key interest rates steady as widely expected amid persistently high inflation, and after a better-than-expected reading on economic growth

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

Thu, 12/03/2020 - 23:36
The RBI MPC voted unanimously to keep the key policy rate unchanged