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Sitharaman, Goyal hail RBI's measures to boost liquidity
Finance Minister Nirmala Sitharaman and Commerce Ministry Piyush Goyal applauded the Reserve Bank of India's (RBI) fresh slew of measures to ease liquidity and regulatory norms. ....
Revenue Dept staff told to donate 1-day salary every month for a year to PM-CARES Fund
The Department of Revenue under the Union Ministry of Finance has asked its staff to donate a days salary every month till March 2021 to the PM-CARES Fund. ....
RBI unleashes more firepower; cuts reverse repo rate, initiates TLTRO 2.0
To mitigate the impact of economic fallout on financial liquidity due to Covid-19 pandemic, the Reserve Bank of India on Friday announced a set of new measures including a reduction in reverse repo rate. ....
SIDBI, NABARD, NHB get Rs 50,000 crore refinancing support from RBI
The Reserve Bank of India has turned its attention to meeting the funding requirements of NBFCs, MFIs and housing finance by providing special refinance facilities of Rs 50,000 crore to All India Financial Institutions (AIFIs) such as the NABARD and the SIDBI. ....
RBI unveils new measures
The RBI Governor on Friday announced a new set of measures in response to the current growth and financial market stress. These measures are mostly aimed at easing some pressures on the lower rated / smaller participants of the financial markets. ....
Stock Market: Sensex off highs, 450 points up post RBI's fresh measures
The Indian stock market lost most of its initial gains despite the announcement of fresh liquidity measures by the Reserve Bank of India (RBI). ....
RBI hints at further cut in interest rate to counter corona risks
The Reserve Bank of India has hinted at further cuts in interest rates to maintain adequate liquidity in the system and counter the intensification of risks to growth and financial stability brought on by COVID-19. ....
Rupee hits new record low of 76.82/$
The Indian currency continued to tumble on Thursday as it touched a fresh all-time low of 76.82 per dollar. ....
FM attends 2nd G20 Finance Ministers & Central Bank Governors meet
Finance & Corporate Affairs Minister Nirmala Sitharaman participated in the virtual session of the 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting on Wednesday under the Saudi Arabian Presidency, to discuss the global economic outlook amid evolving Covid-19 pandemic crisis. ....
States mount pressure on Centre for early release of GST dues
States have started demanding early release of GST compensation for FY20 in view of the Covid-19 crisis putting the already stretched financial position of the Centre under further stress. ....
What binds the two most talked about nations - India and Pakistan together? What makes the
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