Mumbai: Reserve Bank Governor Shaktikanta Das Friday pitched for the “expeditious completion” of the 16th general review of the quotas at the International Monetary Fund (IMF), pointing out that the same can help the multilateral lender assist distressed countries in a better way. Addressing a G20 seminar on the global economy, organised by the Finance Ministry…
Mumbai: Finance minister Nirmala Sitharaman on Friday called for concerted global efforts led by rich nations to help indebted countries deleverage at a time when multilaterism is the most potent challenge. Addressing online a G20 session, organised by the finance ministry and the Reserve Bank here, ahead of the grouping’s summit next month in New Delhi,…
Mumbai: The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI Governor…
Mumbai: Reserve Bank on Thursday proposed to increase the per transaction payment limit to Rs 500 for UPI Lite in offline mode and announced other measures to further deepen the reach and use of digital payments in the country. Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment…
New Delhi: The commerce ministry on Tuesday said the first trial shipment of fresh pomegranate has been exported to the US through the air route. It was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA). APEDA Chairman Abhishek Dev said the increase in pomegranate exports to the US would result in higher…
Thiruvananthapuram: The Kerala assembly on Tuesday unanimously adopted a resolution urging the BJP-led Central government to refrain from implementing the Uniform Civil Code (UCC) in the country. Kerala Chief Minister Pinarayi Vijayan who moved the resolution in the House against the UCC termed it as a “unilateral and hasty” action on the part of the…
Washington: Former US president Donald Trump has pleaded not guilty before an Indian-American judge to four charges that he plotted a criminal conspiracy to remain in power despite losing the November 2020 election. Trump, 77, entered his plea on Thursday before Magistrate Judge Moxila Upadhyaya at a Washington, D.C., federal courthouse not far from the US…
New Delhi: The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday. The GST Council — the highest…
Tarouba (Trinidad): Less than 48 hours after their ODI series triumph, India will switch to T20 mode, again as overwhelming favourites against the West Indies in a five-match rubber starting here from Thursday, which will provide an ideal platform to the youngsters to express themselves. In the preceding three-match 50-over rubber that had some context in…
Mumbai: The Reserve Bank on Tuesday said 88 per cent of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking system after it announced withdrawal of the high value currency notes from circulation in May. According to the data received from banks, the RBI said the total value of Rs…
