In wake of prevailing Covid-19 outbreak, Reserve Bank of India RBI cuts Repo rate by 40 bps to 4% from 4.4%.Reverse repo rate reduces by 40 bps to 3.35% from 3.75%. Inflation outlook uncertain. GDP Growth for FY may see a sharp fall even may go negative . A big concern says RBI Guv Shaktikanta […]
Former Prime Minister of India, former RBI Reserve Bank of India and former Finance Minister of India Manmohan Singh said that the GDP growth rate of 4.5% was unacceptable and worrisome, and urged his successor to set aside “deep-rooted suspicion” of society and nurse India back to harmonious, mutually trustworthy society that can help the […]
RBI Reserve Bank of India Deputy Governor Viral Acharya has resigned 6 months ahead of the scheduled end of his term to return to New York University Stern School of Business (NYU stern) in August as CV Starr Professor of Economics. A few weeks ago, Dr Acharya gave a letter to the RBI stating that […]
Today resignation of RBI Reserve Bank of India Governor Urjit Patel comes as a big surprise after a very short span of just over 2 years of holding the post. Urjit is said to have resigned due to personal reasons. His resignation comes just on a previous day of winter session of Parliament. It is […]
RBI Reserve Bank of India (RBI) is ready to launch lavender-coloured Rs 100 currency notes soon. New note will be smaller than in size than currenr Rs 100-rupee note that is in circulation signed by Urijit Patel, RBI Governor. Earlier Rs 100-rupee banknotes in the earlier series will continue to be in market. New Rs […]
