Mumbai: Ahead of the mid-quarter review of monetary policy on Monday, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority. Incidentally, most analysts expect the RBI to hold rates during its mid-quarter monetary policy review.
"If a CRR cut cannot be done due to inflation worries, let the RBI pay us interest on CRR. We will then do the transmission for sure. If the RBI pays me Rs 500 crore on interest on my CRR, I promise to transmit the entire Rs 500 crore to borrowers by reducing my base rate," SBI chairman Pratip Chaudhuri told PTI recently. In 2012 he had triggered off a heated debate by calling for abolition of CRR.
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02:48 AM, Jun 17, 2013
New Delhi: Gold futures prices on Thursday fell by 0.39 per cent to Rs 27,771 per 10 grams as participants indulged in reducing exposures, after the government raised import duty on the metal to 8 per cent amid a weak trend overseas. Analysts said sentiments turned weak after the government on Wednesday night hiked the import duty on the metal to 8 per cent, up by 2 per cent, in...
01:15 PM, Jun 06, 2013
The Supreme Court has ruled that some numbers of Asiatic Lions, till now only limited to the Gir forests in Gujarat, should be relocated to Madhya Pradesh. The court holds that in case of a natural calamity or outbreak of an epidemic, this will give the species a better chance of survival. CNN-IBN's Environment Editor Bahar Dutt joined IBNLive readers for an interaction on the issue. Q. Does this also...
06:25 PM, Apr 16, 2013
Russia wants the BRICS group of major emerging economies to broaden its role and get more involved in geopolitics, President Vladimir Putin said in an interview published on Friday. ...
05:20 AM, Mar 22, 2013
Citigroup Inc has agreed to pay $730 million to settle a class action lawsuit on behalf of investors who said they were misled by the company's disclosures. ...
05:42 AM, Mar 19, 2013
Venezuela has some of the biggest oil and natural gas reserves in the world and it is one of the top energy suppliers internationally. But oil production has plummeted under Hugo Chavez's 14-year rule. ...
07:29 PM, Mar 07, 2013
Venezuelans mourned the death of Hugo Chavez and prepared on Wednesday for his body to lie in state as attention turns to a new election to succeed the socialist leader after 14 years of tumultuous and divisive rule. The 58-year-old president died on Tuesday after a two-year battle with cancer that was first detected in his pelvis. He had suffered multiple complications following his latest operation on December 11 and...
01:15 PM, Mar 06, 2013
Google has paid $11 billion to buy 237 companies besides Motorola Mobility since its IPO. ...
02:20 PM, Mar 01, 2013
Tiger population in India has significantly increased in the wild, thanks to protection of additional habitat of the big cat and stringent anti-poaching patrols, the Wildlife Conservation Society (WCS) said. In southwestern India, where WCS research and conservation efforts began 25 years ago, a major rebound of tigers in the Western Ghats region of Karnataka has taken place. ...
04:59 PM, Dec 27, 2012
New Delhi: The Supreme Court on Tuesday refused to lift its ban on tourism in the core areas of tiger reserves saying that the ban will continue until the National Tiger Conservation comes up with guidelines on tourism-related activities at sanctuaries. The apex court said that it will not pass any orders until the guidelines were framed. The next hearing in the case is on October 16. The Centre had...
02:58 PM, Oct 09, 2012
New Delhi: The Centre is expected to tell the Supreme Court its plans on tiger tourism. The apex court had earlier slammed it for its re-think on the ban on tourism in core tiger areas. The Environmental Ministry may ask for more time. The Centre's affidavit had virtually urged the apex court to review its July 24 interim order banning tourism in the core areas of the wild cats until...
08:58 AM, Aug 29, 2012
New Delhi: Citing concerns expressed by States, the Centre has sought the Supreme Court's permission to review existing guidelines for conservation of tigers in the wake of its order banning tourism in core areas of tiger reserves across the country. The Centre's affidavit virtually urged the apex court to review its July 24 interim order banning tourism in the core areas of the wild cats until final orders. It claimed...
09:36 PM, Aug 21, 2012
New Delhi: Reliance Industries has slashed natural gas reserves in its main production gas fields in the Krishna Godavari basin D6 block by 70 per cent to 3.10 Trillion cubic feet (Tcf) due to "unforeseen geological surprises". Minister of State for Petroleum and Natural Gas RPN Singh told the Lok Sabha in a written reply that RIL had estimated 10.3 Tcf of recoverable reserves in the Dhirubhai-1 and 3 (D1&D3)...
01:37 PM, Aug 09, 2012
Coimbatore/Nilgiris: Acting swiftly on the Supreme Courts order, forest authorities in Tamil Nadu on Wednesday shut down the three tiger reserves in Anamalai (ATR), Mudumalai (MTR) and Kalakkad Mundanthurai (KMTR) for tourists. The Apex Court had on Tuesday banned tourism in core areas of tiger reserves in the country. Holidayers who had visited the tiger reserves were caught unawares when they were asked to leave. Private resorts were in a...
01:20 PM, Jul 26, 2012
Bangalore: Even as the Supreme Court's order to ban tourism in core areas of tiger reserves is being hailed by wildlife conservationists, disconcerting news trickles down from Madumalai and Bandipur tiger reserves that hard-core poachers are still at large in the forests of Tamil Nadu and Karnataka. Close on the heels of ten notorious poachers being arrested from the BR Temple tiger reserve, a poacher was arrested deep inside the...
04:07 PM, Jul 25, 2012
Coimbatore: Tourists have been banned in two major Tiger reserves in Coimbatore and Nilgiris districts, following the ban ordered by Supreme Court on tourism in core areas of tiger reserves across the country. Tourists were thronging major spots like 'Monkey Falls,' 'Top Slip' and Valparai coming under Anamalai Tiger Reserve in the district, as also some places of Panchalingam river and Amaravathi Dam near Udumalpet in Tirupur district. Considering the...
02:08 PM, Jul 25, 2012
New Delhi: In an unprecedented order, the Supreme Court has ruled that no tourism will be allowed in core areas of tiger reserves. The decision means that no tourists will be allowed in Ranthambore, Corbett and Kanha till the Supreme Court gives final order. According to the Supreme Court order, no tourists will be allowed into the parks starting Wednesday. However, Corbett and Ranthambore have already shut down after the...
07:03 PM, Jul 24, 2012
In a big victory for conservationists, the Supreme Court on Tuesday banned tourism in the core areas of tiger reserves. ...
02:58 PM, Jul 24, 2012
New Delhi: In a big victory for conservationists, the Supreme Court on Tuesday banned tourism in the core areas of tiger reserves. The order came in response to a public interest litigation by activists which argued that tourism activities were putting pressure on crucial tiger habitats and that tiger safaris and resorts should be shifted to buffer zones instead. According to the latest tiger census, there are approximately 1700 big...
11:55 AM, Jul 24, 2012
Mumbai: Reserve Bank of India Governor Duvvuri Subbarao is expected to go slow on his over two-year-old anti-inflationary posture and go with the common mood by unveiling a softer interest rate regime on Monday, as more and more dark clouds gather over the economy, though the price index still remains above RBI's comfort zone. Following the shocking latest GDP numbers, which showed that economic expansion had hit a nine-year low...
10:11 AM, Jun 17, 2012
