RESERVES

  • No disconnect between RBI and government, says Arun Jaitley 6 days ago

    New Delhi: Scotching murmurs of differences between the government and the Reserve Bank of India over regulation of money market, Finance Minister Arun Jaitley on Sunday said there is no 'disconnect' between the two and hoped banks would follow the central bank in reducing interest rates. Jaitley, who addressed the RBI...
  • Uttarakhand: Bill on job reservation for statehood agitationists withdrawn 6 days ago

    Dehradun: Uttarakhand Assembly on Saturday withdrew a bill seeking to grant 10 per cent reservation in government jobs to statehood agitationists, who went to jail or sustained injuries during the struggle for creation of the state, on the plea that the scope of the legislation needed to be expanded. The bill...
  • India ready to deal with any foreign fund outflows: RBI Governor Raghuram Rajan March 19, 2015

    US Federal Reserve had signalled that it is not averse to a rate hike if there is improvement in the US job market and inflation. The Federal Reserve has kept its key short-term rate near zero since late 2008 to bolster the economy. Meanwhile, RBI Governor Raghuram Rajan has said...
  • Election Commission notice to AAP, 5 others for de-recognition March 18, 2015

    New Delhi: The Election Commission (EC) on Wednesday issued showcause notices threatening de-recognition of six political parties, including the Aam Aadmi Party (AAP), for failing to file their expenditure statements for the last Lok Sabha polls. Issuing a stern warning to these parties, the poll-panel has invoked the provisions of section...
  • India has historic chance to grow, don't obstruct: Arun Jaitley to opposition March 17, 2015

    New Delhi: With a number of key reforms bills stuck, government on Tuesday appealed to the opposition not to play "obstructionist" as the country has the "historic opportunity" to grow and the GDP is expected to go beyond 8 per cent next year, overtaking China. Finance Minister Arun Jaitley also rejected...
  • SC sets aside Centre's notification to extend benefit of reservations to Jats March 17, 2015

    New Delhi: In a major verdict, the Supreme Court on Tuesday set aside Centre's notification to extend the benefit of reservations to the Jat community. The previous Congress-led United Progressive Alliance government had announced reservation for Jats just before the 2014 Lok Sabha elections. While setting aside the reservation, the court...
  • India better prepared for external financial shocks: IMF March 16, 2015

    New Delhi: India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the US Federal Reserve. The Fed is expected to signal an increase in its...
  • Maharashtra: Would respect court verdict on Muslim reservation says Devendra Fadnavis March 5, 2015

    Maharashtra: Maharashtra Chief Minister Devendra Fadnavis on Thursday said in Latur that his government would respect the verdict of the court on the Muslim reservation issue. He was in Latur for the inauguration of Vivekananad Cancer Hospital. Fadnavis, while speaking to reporters about the ordinance on Muslim reservation in jobs issued...
  • Will corner Fadnavis government over Muslim quota: Congress March 5, 2015

    Mumbai: Congress on Thursday said that it will corner the Devendra Fadnavis-led Maharashtra government over the issue of Muslim reservations during the ensuing Budget session of the state legislature. "We will corner the government and demand that it scrap its decision to cancel the five per cent quota for Muslims announced...
  • Maharashtra government does away with 5 per cent job quota for Muslims March 4, 2015

    Mumbai: Muslims will not get the five per cent reservations in Maharashtra government jobs as announced by the erstwhile Congress-NCP government just before Assembly polls last year, it was officially announced on Wednesday. "An ordinance to this effect (providing a five per cent job quota) lapsed on December 23 last...
  • Sensex falls 644 from top after hitting 30,000 on RBI rate cut March 4, 2015

    Mumbai: Benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut. The 30-share BSE Sensex shed 213 points to close at 29380.73, after hitting a new high of 30024.74 intraday. The 50-share...
  • RBI cuts repo rate by 25 basis points to 7.5%, home loans may be cheaper March 4, 2015

    Mumbai: In a surprise move, the Reserve Bank of India on Wednesday cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. This is the second rate cut in the past two months. The cut in repo rate is likely to make home...
  • Union Budget 2015: India to inject $1.3 billion to shore up state banks March 1, 2015

    Mumbai: India will inject 79.4 billion rupees ($1.3 billion) into state-owned banks in the next fiscal year to bolster their capital reserves, a smaller-than-expected sum which means the sector's heavyweights may have to turn to the market or curb lending. Successive governments have poured billions into India's bad-debt burdened state banks,...
  • Maharashtra minister threatens to quit if reservation quota is scrapped February 27, 2015

    Mumbai: Maharashtra Social Justice Minister Rajkumar Badole on Friday said that he would quit if reservation quotas in government job recruitments and promotions were scrapped. "There is a year's time to appeal against the order. The government is positive on the issue. I will quit if quota is scrapped," Badole said...
  • Budget: Chanakya's opinion poll on public demands, ways to improve railways February 26, 2015

    This is the first time in many years that a government with full majority will present its railway budget. Today's Chanakya carried out an opinion poll on the public's demands and ways to improve our railways right from tatkal reservations to cleanliness and safety. ...
  • FIIs pour Rs 10,000 crore in Indian capital markets in two weeks February 15, 2015

    New Delhi: Overseas investors have pumped in over Rs 10,000 crore in Indian capital markets in the first two weeks of this month on hopes of a pro-growth budget and rising expectations the government will accelerate reforms. The fund inflow this month takes the investment to above Rs 43,000 crore (USD...
  • RBI surprises by cutting repo rate by 25 basis points, hints lowering rates further January 15, 2015

    New Delhi: The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit. The...
  • Muslims deserve reservations, says Asaduddin Owaisi January 7, 2015

    Beed: The former Congress-NCP government in Maharashtra kept the Muslim community backward and it deserves reservations, MIM leader Asaduddin Owaisi has said. The Sachar committee and other similar panels had recommended reservations for the Muslim community, he pointed out. "The Congress-NCP government kept the community backward and denied it benefit...
  • Basin Reserve showed fluctuating nature of Test cricket January 7, 2015

    Wellington: The fluctuating nature of Test cricket was never more evident than the last five days at Wellington's Basin Reserve as New Zealand somehow managed to fight back to record an 193-run win in the second Test over Sri Lanka and seal a 2-0 series victory. Fortunes ebbed and flowed, individual...
  • Sensex rises 380 points to 3-week high; banking stocks in limelight January 2, 2015

    Mumbai: Rising for the sixth day in a row, the benchmark Sensex on Friday surged 380.36 points to end at over three-week high of 27,887.9 on encouraging manufacturing data and gains in banking stocks on hopes of sectoral reforms. The NSE barometer Nifty also soared over 111 points to close at...
  • Finance Minister Arun Jaitley denies pressuring RBI to cut rates December 30, 2014

    Mumbai/ New Delhi: Finance Minister Arun Jaitley denied on Tuesday that he was pressuring the Reserve Bank of India (RBI) into cutting interest rates, after his comment that the high cost of capital was stifling investment sent markets into a tizzy. Jaitley, in a speech in Delhi on Monday, said "costly...
  • SC refuses to interfere with Bombay HC order that stays Maratha reservation December 18, 2014

    Mumbai: The Supreme Court has refused to interfere with the order of the Bombay High Court which stayed the move to grant 16 per cent reservation to Marathas in public service and educational institutions in Maharashtra. "It is just an interim order, let the Bombay High Court decide it," a bench...
  • RBI slaps penalty of Rs 50 lakh on ICICI Bank, Rs 25 lakh on Bank of Baroda December 18, 2014

    New Delhi: The Reserve Bank of India (RBI) on Wednesday imposed a penalty of Rs 50 lakh on ICICI Bank and Rs 25 lakh on Bank of Baroda for violation of KYC norms, a statement issued by the apex bank said. "The Reserve Bank of India has imposed monetary penalty on...
  • Oil drops below $59 for first time since 2009 December 16, 2014

    London: Oil fell below $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month sell off as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand. International benchmark Brent crude has almost halved since reaching a 2014 high of $115 a barrel...
  • Full statement: RBI keeps key rates unchanged in its bi-monthly monetary policy December 2, 2014

    Mumbai: On the basis of an assessment of the current and evolving macroeconomic situation, RBI has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent. Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been...
  • RBI expected to hold rates, sound dovish to soothe government December 2, 2014

    Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government's call for help to revive economic growth. Forty-one of 45 economists saw the RBI keeping the repo rate at 8.00...
  • Seven tiger cubs spotted in Satpura tiger reserve November 23, 2014

    Bhopal: Seven tiger cubs have been spotted for the first time in Satpura Tiger Reserve which comprises parts of Madhya Pradesh's Hoshnagabad, Betul and Chhindwara districts. "Yes, seven new guests have arrived in our park," Tiger Reserve Field Director RP Singh told PTI. He said while one tigress has given birth...
  • Rate cut by RBI will give a good fillip to the economy: Arun Jaitley November 18, 2014

    Pushing for a rate cut by the Reserve Bank of India, Finance Minister Arun Jaitley said that the measure would give a good fillip to the economy. Jaitley's comments came on the back of a slide in crude oil prices and inflation moderating. "I am quite clear in my mind...
  • Maharashtra: Bombay HC upholds Muslim quota in educational institutions, Maratha quota stayed November 14, 2014

    Mumbai: The Bombay High Court has stayed Maharashtra government's decision to give 16 per cent reservation to Marathas in public service and educational institutions. The High court has also stayed the state government's decision to provide 5 per cent reservation to Muslims in public service but allowed them reservation in...
  • Watch: IIP up by 2.5 per cent against 0.4 per cent in August November 13, 2014

    With consumer price inflation dipping and factory output growing slightly, all eyes are now on the Reserve Bank of India. Will it or will it not cut rates at its next meeting is the question. ...