Tag: Reserve Bank of India

Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twist

Economy
The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed...

Dalal Street Week Ahead: Nifty’s bear trap? Why this dip could be a buying opportunity

Stocks
After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling...

Outgoing RBI governor Shaktikanta Das leaves a lasting legacy

Business
Asked if he plans to return to public office after stepping down from the RBI, Das said: “I will think about it.”...

New RBI Governor: 3 potential changes to track under Finance Ministry insider Sanjay Malhotra

Stocks
As yet another Finance Ministry insider and revenue secretary Sanjay Malhotra takes charge of the Reserve Bank of India (RBI) from Wednesday, market...

Revenue secretary Sanjay Malhotra to be next RBI governor

Business
Revenue secretary Sanjay Malhotra (File photo) NEW DELHI: Government on Monday sprung a surprise by naming revenue secretary Sanjay Malhotra, 56, as...

RBI Monetary Policy: CRR cut to free up Rs 1.16 lakh crore

Economy
Mumbai: The Reserve Bank of India's monetary policy committee delivered a cut in the cash reserve ratio (CRR) by 50 basis points to...

Govt appoints Vaibhav Chaturvedi as RBI representative on IBBI board

Economy
The government has appointed Vaibhav Chaturvedi as the ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI), according to an official...

India’s forex reserves rise to $658.09 billion ending consecutive weeks of decline | India Business News

Business
India's forex reserves rise to $658.09 billion NEW DELHI: India's foreign exchange reserves increased by $1.51 billion to $658.09 billion in the...

RBI provides relief to small farmers in latest MPC meet, collateral free agricultural loan limit increased to Rs 2 lakh

Economy
Reserve Bank of India Governor Shaktikanta Das on Friday said that it has been decided to increase the limit for collateral free agricultural...

Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate

Business
ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank...

RBI on tricky terrain of high inflation and slowing growth

Economy
Mumbai: December 11, 10 am. The person in the 18th floor corner room of the central bank's Mint Street Tower would have to...

Is India’s food inflation being measured correctly? EAC-PM member Nilesh Shah weighs in

Economy
Nilesh Shah, managing director and CEO of Kotak Mutual Fund, shared his views on the complexities surrounding food inflation and its role in...

Centre decides to shift GDP base year to 2022-23 from 2011-12, forms panel: Why it matters

Business
NEW DELHI: A panel with representatives from the Reserve Bank of India (RBI), central and state governments, and academia has been...

Bank Holidays December 2024: On what days will banks be closed in December? Check state-wise holiday list

Business
In December 2024, banks will be closed for various occasions apart from every Sunday and second and fourth Saturdays. Bank Holidays December...
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