The sudden and sharp fall in the global price of crude oil has thrown up a set of decisions for Indian policymakers. On the one hand, a reduction in the price of oil is always a benefit for India, which imports over 80 per cent
Time was when the Reserve Bank of India (RBI) board meetings were tucked away somewhere in an inside page of newspapers. It was mostly reported as a matter of record, with no major significance attached to the meeting’s content,
The IMF has said it was monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to any move that compromises the independence of central banks anywhere in the world.
Is it too early still to call time on the almost year-long slump in India’s bond market? Consumer prices grew slower-than-expected in September, according to data late Friday, supporting a surprise decision by the central bank to hold rates
After crude oil and electronics, coal has emerged as the latest headache for Indian policy makers battling with unfavourable balance of payments, prompting the Reserve Bank of India (RBI) to flag its concern over the rising dry fuel import, perhaps for the first time.
The fourth monetary policy committee (MPC) meeting of the Reserve Bank of India (RBI) has begun today amid concerns over falling rupee and widening current account deficit (CAD), with top economists predicting a 25 basis points hik
Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.
Investment by Indian companies in their overseas ventures fell by more than 36 per cent to $1.39 billion in July this year, the Reserve Bank data showed. India companies had invested $2.17 billion in their overseas subsidiaries and joint ventures in the form of loan
Banks may have to take a haircut of as much as 60% from the close to Rs 1.8 lakh crore of loans to the power sector after the Allahabad High Court denied power companies interim relief from Reserve Bank of India’s tightened NPA regulations
The government is considering its options in the wake of the Allahabad High Court’s refusal to entertain the power producers’ petition challenging the RBI deadline for starting bankruptcy proceedings against banks’ NPAs, or bad loan accounts, a senior official said on Tuesday.