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Economy

RBI's decision to keep policy rate unchanged is disappointing for the industry: India Inc

RBI's decision to keep policy rate unchanged…

New Delhi, August 4 (KNN) India Inc expressed disappointment over RBI’s decision to keep policy rate unchanged and said there is a need to give policy…
RBI keeps Repo Rate unchanged at 7.25% and CRR at 4%

RBI keeps Repo Rate unchanged at 7.25%…

Mumbai, August 4 (KNN) As expected, the Reserve Bank of India kept both Repo Rate and Cash Reserve Ratio (CRR) unchanged in its third Monetary Policy Review.
July Manufacturing PMI grows at fastest pace in last six months

July Manufacturing PMI grows at fastest pace…

New  Delhi, Aug 3 (KNN) India’s manufacturing activities rose to a six-month high in July as orders from both domestic and overseas markets shot…
SBH targeting to extend Rs 2,500 cr loans to MSMEs in the next two months

SBH targeting to extend Rs 2,500 cr…

Hyderabad, Aug 3 (KNN) The State Bank of Hyderabad (SBH) is targeting to extend Rs 2,500 crore loans to micro, small and medium enterprises (MSMEs) in the…
Finance Ministry lays out Rs 70000 cr for four year plan

Finance Ministry lays out Rs 70000 cr…

New Delhi, August 1 (KNN) Finance Minister Arun Jaitley on Friday said that the government has laid down Rs 70000 crores long term four year plan for bank…
June core sector growth slows to 3% as compared to 4.4% in May

June core sector growth slows to 3%…

New Delhi, July 31 (KNN) Country's core industries growth slowed to 3 per cent in June as compared to 4.4 per cent in May, while its  cumulative growth…
Financial Inclusion Advisory Committee reconstituted by RBI

Financial Inclusion Advisory Committee reconstituted by RBI

New Delhi, July 31 (KNN) Reserve Bank of India (RBI) has informed that it has reconstituted the Financial Inclusion Advisory Committee (FIAC) to monitor financial…
Early Warning System to Detect NPAs

Early Warning System to Detect NPAs

New Delhi, July 31 (KNN) State Bank of India (SBI) is in the process of putting in place a system of early warning signals to monitor performing of standard…
Impact of Greece Crisis on Indian Economy

Impact of Greece Crisis on Indian Economy

New Delhi, July 31 (KNN) The Greece debt crisis is not likely to have any direct impact on the Indian economy. There could be some indirect effects on trade…
Fin Min nominates Ajay Tyagi to RBI Board in place of Fin Secy

Fin Min nominates Ajay Tyagi to RBI…

New Delhi, July 31 (KNN) The Finance Ministry has nominated Ajay Tyagi, additional secretary (Investment) Department of Economic Affairs Ministry of Finance,…