West Bengal Chief Minister Mamata Banerjee on Friday allocated portfolios to her newly sworn-in council of ministers, keeping to herself nine departments, including Home, Land and Land Reforms.......
Dr Homi Nusserwanji Sethna will be remembered as doyen of the Indian nuclear programme and the force behind the country's first nuclear test. Sethna, a tough taskmaster, took over as chairman of......
An expert in international and development economics has been appointed president of the prestigious California-based Monterey Institute of International Studies. As president of the institute,......
Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary......
Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said. Illustration: Uttam Ghosh/Rediff.com Welcoming the 25 basis points......
The RBI panel has also recommended a government-sponsored ‘fund of funds’ of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector. A......
Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate. Illustration: Uttam......
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4% The Reserve Bank of India (RBI) on Wednesday......