Gangtok/Jalpaiguri: On day three after a flash flood wreaked havoc in Sikkim’s Teesta basin, the number of bodies recovered from the river and mud embankments downstream rose to 22, including seven army men. Of the 23 army personnel who had gone missing from Bardang area, the bodies of seven have been recovered from different areas downstream…
Mumbai: India is poised to become the new growth engine of the world, Reserve Bank of India Governor Shaktikanta Das said on Friday as the central bank retained the country’s GDP growth forecast at 6.5 per cent for 2023-24, notwithstanding the slowing global economy. Invoking Kautilya’s Arthashastra, Das said macroeconomic stability and inclusive growth are the…
Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said 87 per cent of the Rs 2,000 denomination notes being withdrawn have returned as deposits into banks while the rest has been exchanged across counters. Addressing a press conference after the announcement of the bi-monthly monetary policy review, Das said Rs 12,000 crore of the Rs 3.56…
New Delhi: The Enforcement Directorate on Friday summoned two associates of arrested AAP MP Sanjay Singh for questioning in the Delhi excise policy linked money laundering case, officials said. Sarvesh Mishra and Vivek Tyagi are expected to be confronted with the evidence seized by the agency during the investigation and it is understood that they will…
Mumbai: The Reserve Bank of India expectedly left its key interest rate unchanged on Friday as inflation remains a major risk, and signalled it would keep liquidity tight using bond sales to bring prices closer to target. The monetary policy committee, which has three members from the central bank and a similar number of external members,…
New Delhi: Union Home Minister Amit Shah has approved the release of Rs 44.8 crore as an advance amount from the central share of the State Disaster Response Fund (SDRF) to Sikkim to provide relief to flash floods-affected people. Following a directive from Shah, the Ministry of Home Affairs (MHA) has formed an Inter-Ministerial Central Team…
Mumbai: The Reserve Bank on Friday retained the inflation forecast for 2023-24 at 5.4 percent, and vowed to take timely measures to prevent any spillovers of global food and fuel price shocks. Stressing that the Reserve Bank has identified high inflation as a major risk to macroeconomic stability and sustainable growth, Governor Shaktikanta Das said…
Mumbai: The Reserve Bank on Friday said India is poised to become the growth engine of the world as it retained the GDP projection for the current fiscal at 6.5 percent. Unveiling the bi-monthly monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das said the domestic economy exhibits resilience on the back of…
New Delhi: Reserve Bank Governor Shaktikanta Das on Friday said it has been decided to include PM Vishwakarma under the Payments Infrastructure Development Fund (PIDF) Scheme as well as extend the tenure of the scheme by another two years. It is now proposed to extend the PIDF Scheme by a further period of two years,…
Mumbai: Six people, including two minors, were killed and 40 injured after a fire broke out in a residential building in Mumbai’s Goregaon area in the early hours of Friday, civic officials said. The blaze started around 3 am at Jay Bhavani building, a ground-plus-seven structure, in Azad Nagar locality of Goregaon West, said an…
