Economic And Financial Committee

RBI Monetary Policy: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday.

Reserve Bank of India Governor Shaktikanta Das chaired a meeting of the subcommittee of the Financial Stability and Development Council, in which major developments in the global and domestic economy were reviewed.

Rising food prices and the ongoing war between Russia and Ukraine have led to a global spike in inflation

RBI Governor: Circumstances warrant prioritising inflation and anchoring of inflation expectations in the sequence of objectives to safeguard financial stability

The European Parliament Committee on Economic and Monetary Affairs will vote on an Anti-Money Laundering (AML) regulatory package soon. The package seeks to revise the current 'Transfer of Funds Regulation' (TFR) in a way that requires financial institutions to attach information of transacting parties when dealing in crypto assets.

Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the fast-spreading coronavirus pandemic. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was origi...

The Cabinet Committee on Economic Affairs on Wednesday approved the recapitalisation of regional rural banks with total outlay of Rs 1,340 crore, to improve their capital adequacy during the coronavirus crisis. Briefing the media after the cabinet meeting, Information and Broadcasting Minister Prakash Javadekar said that out of the total approved R...

The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The six-member Committee headed by RBI Governor Shaktikanta Das is widely expected to maintain the status quo on key lending rates, amid economic slowdown and co...

The Reserve Bank of India (RBI) kept its key lending rate unchanged in a shock decision on Thursday and sharply revised its forecast for the economy to project the weakest growth in seven years. The RBI's monetary policy committee led by its Governor Shaktikanta Das voted to hold the repo rate at 5.15 per cent. The central bank lowered its GDP grow...

The government on Wednesday cleared a proposal to give telecom operators the option to defer payment of spectrum-related installments for next two financial years. In an official statement, the Cabinet Committee on Economic Affairs said the move was aimed at easing the cash outflow of the telecom service providers facing financial stress. Companies...

The Cabinet Committee on Economic Affairs on Wednesday gave an in-principle nod to a proposed merger of Mahanagar Telephone Nigam Limited (MTNL) with Bharat Sanchar Nigam Limited (BSNL) in a bid to revive debt-ridden state-run telecom operators. "The government is neither closing nor divesting stake in MTNL and BSNL," Union Minister Ravi Shankar Pr...

The transfer of surplus and excess dividend is in line with the recommendations of the Bimal Jalan Committee, which was tasked to review the Economic Capital Framework of the RBI.

The Parliamentary Standing Committee on Economic Affairs has directed the Union Finance Ministry to make separate reports on black money filed by three research institutes -- the National Institute of Public Finance and Policy, National Institute of Financial Management and the National Council of Applied Economic Research -- available to the publi...

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved the launch of Kisan Urja Suraksha evam Utthaan Mahabhiyan with the objective of providing financial and water security to farmers.

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector. The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende...

RBI Monetary Policy: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday.

Reserve Bank of India Governor Shaktikanta Das chaired a meeting of the subcommittee of the Financial Stability and Development Council, in which major developments in the global and domestic economy were reviewed.

Rising food prices and the ongoing war between Russia and Ukraine have led to a global spike in inflation

RBI Governor: Circumstances warrant prioritising inflation and anchoring of inflation expectations in the sequence of objectives to safeguard financial stability

The European Parliament Committee on Economic and Monetary Affairs will vote on an Anti-Money Laundering (AML) regulatory package soon. The package seeks to revise the current 'Transfer of Funds Regulation' (TFR) in a way that requires financial institutions to attach information of transacting parties when dealing in crypto assets.

Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the fast-spreading coronavirus pandemic. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was origi...

The Cabinet Committee on Economic Affairs on Wednesday approved the recapitalisation of regional rural banks with total outlay of Rs 1,340 crore, to improve their capital adequacy during the coronavirus crisis. Briefing the media after the cabinet meeting, Information and Broadcasting Minister Prakash Javadekar said that out of the total approved R...

The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The six-member Committee headed by RBI Governor Shaktikanta Das is widely expected to maintain the status quo on key lending rates, amid economic slowdown and co...

The Reserve Bank of India (RBI) kept its key lending rate unchanged in a shock decision on Thursday and sharply revised its forecast for the economy to project the weakest growth in seven years. The RBI's monetary policy committee led by its Governor Shaktikanta Das voted to hold the repo rate at 5.15 per cent. The central bank lowered its GDP grow...

The government on Wednesday cleared a proposal to give telecom operators the option to defer payment of spectrum-related installments for next two financial years. In an official statement, the Cabinet Committee on Economic Affairs said the move was aimed at easing the cash outflow of the telecom service providers facing financial stress. Companies...

The Cabinet Committee on Economic Affairs on Wednesday gave an in-principle nod to a proposed merger of Mahanagar Telephone Nigam Limited (MTNL) with Bharat Sanchar Nigam Limited (BSNL) in a bid to revive debt-ridden state-run telecom operators. "The government is neither closing nor divesting stake in MTNL and BSNL," Union Minister Ravi Shankar Pr...

The transfer of surplus and excess dividend is in line with the recommendations of the Bimal Jalan Committee, which was tasked to review the Economic Capital Framework of the RBI.

The Parliamentary Standing Committee on Economic Affairs has directed the Union Finance Ministry to make separate reports on black money filed by three research institutes -- the National Institute of Public Finance and Policy, National Institute of Financial Management and the National Council of Applied Economic Research -- available to the publi...

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved the launch of Kisan Urja Suraksha evam Utthaan Mahabhiyan with the objective of providing financial and water security to farmers.

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector. The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende...