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ADB says India’s economy to contract by 9 per cent in FY21

India's economic growth will contract by 9 per cent in the current fiscal as the coronavirus pandemic weighs heavily on economic activity and consumer...

RBI remains net purchaser of US dollar in July, buys USD 15.973 billion

The Reserve Bank continued to remain a net buyer of the US currency in July after it purchased USD 15.973 billion on a net...

RBI issues new compliance guidelines for banks

The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers...

Fitch projects Indian economy to contract 10.5 percent this fiscal

Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India's economy in the current financial year. India recorded one of the...

RBI issues revised PSL guidelines to increase credit penetration

The Reserve Bank of India (RBI) on Friday issued revised guidelines for priority sector lending to enable better credit penetration to credit deficient areas...

Prakash Javadekar virtually addresses 60th Annual Convention of Society of Indian Automobile Manufacturers

Information and Broadcasting Minister Prakash Javadekar today virtually addressed the 60th Annual Convention of Society of Indian Automobile Manufacturers, SIAM. Javadekar spoke on reviving...

PM Modi’s donations to public causes from his savings, auction of gifts exceed Rs 103 crore: Sources

Prime Minister Narendra Modi's donations to a number of public causes, ranging from girl child education to the cleaning of Ganga, from his savings...

Banks free to restructure loans, but can’t penalise borrowers availing moratorium benefit, SC told

Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium scheme during...