New Delhi, Aug 5 (IANS) Industry bodies and economists broadly welcomed the Reserve Bank of India’s decision on Wednesday to keep the benchmark repo rate unchanged, saying the move should bolster business confidence.
New Delhi, Aug 5 (IANS) The Department of Posts in the Delhi Circle has set up special counters at 34 major post offices along with railway stations -- Delhi Railway Station and New Delhi Railway Station -- to facilitate timely delivery of Rakhi consignments, an official statement said on Wednesday.
Mumbai, Aug 5 (IANS) RBI Governor Sanjay Malhotra said on Wednesday there is no proposal to prematurely close the Foreign Currency Non-Resident (Bank), or FCNR (B), deposit incentive scheme.
New Delhi, Aug 5 (IANS) The Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent reflects a balanced approach to managing inflation risks while supporting economic growth amid global uncertainties, industry body PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.
Mumbai, Aug 5 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said the central bank is targeting the introduction of polymer currency notes by FY28 with field trials currently underway to assess their performance before a broader rollout.
New Delhi, Aug 5 (IANS) Artificial intelligence gave a lifeline to developing countries, allowing them to achieve in a decade 'what might otherwise take a century', but only if their governments rapidly close gaps in power, connectivity, skills and institutional quality, a report has said.
New Delhi, Aug 5 (IANS) India's services sector remained in expansion territory in July due to healthy export demand and continued hiring, according to the HSBC India Services PMI data released on Wednesday.
Mumbai, Aug 5 (IANS) The Reserve Bank of India (RBI) on Wednesday announced measures to strengthen the cooperative banking sector and proposed a harmonised regulatory framework for interest rates on advances across all regulated entities to improve transparency in lending rates and enhance consumer protection.
Mumbai, Aug 5 (IANS) The Reserve Bank of India (RBI) on Wednesday projected consumer price inflation at 5 per cent for FY27, while expecting it to rise further in the near term.
New Delhi, Aug 5 (IANS) The Indian economy has remained resilient amid persisting global headwinds, RBI Governor Sanjay Malhotra said on Wednesday, adding that high frequency indicators available so far point towards steady domestic demand in Q1 2026-27.
