Economic And Financial Committee
- All
- News
- Videos
-
RBI Monetary Policy: RBI Set To Raise Rates; Outlook On Growth, Inflation In Focus
RBI Monetary Policy: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday.
-
RBI Governor-Headed Committee Reviews Global, Domestic Economic Developments
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.
-
After RBI's Repo Rate Hike, Uday Kotak Had This To Say
Rising food prices and the ongoing war between Russia and Ukraine have led to a global spike in inflation
-
RBI Monetary Policy Committee Unanimous On Controlling Inflation: Top Quotes
RBI Governor: Circumstances warrant prioritising inflation and anchoring of inflation expectations in the sequence of objectives to safeguard financial stability
-
European Union to Vote on Proposal That Could Make Things Difficult for Non-Custodial Wallets
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.
-
RBI Cuts Rates, Allows 3-Month Pause On EMIs To Offset Coronavirus Impact
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...
-
Government Okays Rs 1,340 Crore Recap Of Regional Rural Banks
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...
-
Budget Done, Over To RBI. What To Expect From Decade's First Policy: 10 Things To Know
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...
-
RBI Keeps Repo Rate Unchanged In Surprise Move, Sharply Lowers GDP Forecast: 10 Points
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...
-
Government Gives Telecom Firms Option To Defer Spectrum Payments: 10 Things To Know
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...
-
MTNL, BSNL To Be Merged; Government Says Making Them Competitive
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...
-
Rs 1.76 Lakh Crore RBI Transfer Positive For Economy: Soumya Kanti Ghosh
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.
-
Finance Ministry Told To Make Reports On Black Money Public
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...
-
Cabinet Approves New Solar Energy Scheme For Farmers
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.
-
Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points
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: RBI Set To Raise Rates; Outlook On Growth, Inflation In Focus
RBI Monetary Policy: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday.
-
RBI Governor-Headed Committee Reviews Global, Domestic Economic Developments
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.
-
After RBI's Repo Rate Hike, Uday Kotak Had This To Say
Rising food prices and the ongoing war between Russia and Ukraine have led to a global spike in inflation
-
RBI Monetary Policy Committee Unanimous On Controlling Inflation: Top Quotes
RBI Governor: Circumstances warrant prioritising inflation and anchoring of inflation expectations in the sequence of objectives to safeguard financial stability
-
European Union to Vote on Proposal That Could Make Things Difficult for Non-Custodial Wallets
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.
-
RBI Cuts Rates, Allows 3-Month Pause On EMIs To Offset Coronavirus Impact
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...
-
Government Okays Rs 1,340 Crore Recap Of Regional Rural Banks
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...
-
Budget Done, Over To RBI. What To Expect From Decade's First Policy: 10 Things To Know
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...
-
RBI Keeps Repo Rate Unchanged In Surprise Move, Sharply Lowers GDP Forecast: 10 Points
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...
-
Government Gives Telecom Firms Option To Defer Spectrum Payments: 10 Things To Know
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...
-
MTNL, BSNL To Be Merged; Government Says Making Them Competitive
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...
-
Rs 1.76 Lakh Crore RBI Transfer Positive For Economy: Soumya Kanti Ghosh
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.
-
Finance Ministry Told To Make Reports On Black Money Public
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...
-
Cabinet Approves New Solar Energy Scheme For Farmers
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.
-
Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points
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...
