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Highlights of RBI’s monetary policy statement

Following are the highlights of the seventh bi-monthly monetary policy statement for 2019-20 by the RBI amid COVID-19 pandemic: * Monetary Policy Committee (MPC)...

RBI asks lending firms to allow 3-month moratorium on EMI payments

The liquidity measures announced by the RBI will make available a total Rs 3,74,000 crore to the country's financial system. The Reserve Bank of India...

Coronavirus impact: Moody’s cuts India’s growth forecast to 2.5% from 5.3%

This compares to 5 per cent growth in 2019. Moody’s Investors Service on Friday slashed its estimate of India’s GDP growth during 2020 calendar year...

Govt to transfer Rs 2,000 under PM-KISAN scheme to 8.69 crore farmers in April 1st week

To provide relief to farmers affected due to the lockdown, the Centre on Thursday said it will transfer in the first week of April...

Experts peg India’s cost of COVID-19 lockdown at USD 120 billion

Pegging the cost of the COVID-19 lockdown at USD 120 billion (approximately Rs 9 lakh crore) or 4 per cent of the GDP, analysts...

Gold futures rise Rs 292 to Rs 41,671 per 10 gm

Gold prices on Wednesday rose Rs 292 to Rs 41,671 per 10 gram in futures trade as speculators were indulged in creating fresh positions...

Flipkart ceases operations across supply chain amid lockdown The company said it will continue to work with concerned government authorities to ensure on-ground support

Etailer Flipkart on Wednesday said it has temporarily suspended its operations and services – including grocery items — as India enters a 21-day lockdown....

RBI : Fiscal year 2019-20 ends on June 30 instead of March 31

Amidst the havoc created by the COVID-19, the Reserve Bank of India has reportedly declared that the current fiscal year, i.e. 2019-20 will end...