Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Last Updated: Thursday, August 13, 2015, 16:26

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

Retail inflation hits multi-year low of 3.78% in July

Last Updated: Wednesday, August 12, 2015, 19:15

Retail inflation fell to multi-year low of 3.78 percent in July on account of cheaper food prices, including of vegetables, fruits and cereals.

Inflation cools to 3.78% in July

Last Updated: Wednesday, August 12, 2015, 17:46

India's retail inflation cooled to 3.78 percent in July as food price rises stayed in check.

First onus on food recall lies with business operator

Last Updated: Tuesday, August 11, 2015, 21:00

The first responsibility for recall of food has been cast upon the food business operator, parliament was told on Tuesday.

Rangarajan favours RBI majority in Monetary Policy Committee

Last Updated: Sunday, August 9, 2015, 11:10

Joining the debate over the powers of RBI Governor in setting policy rate, bank's former head C Rangarajan on Sunday said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank.

No differences between RBI, govt on MPC: RBI

Last Updated: Saturday, August 8, 2015, 18:00

He also said that RBI would like to see, among other things, as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut.

'Firms export 6,101 tonne sugar to EU; 8,071 tonne to US'

Last Updated: Friday, August 7, 2015, 15:09

Sugar Companies exported 6,101 tonnes of the sweetener to the EU and 8,071 tonnes to the US till July 21 under the preferential quota system, Parliament was informed on Friday.

RBI relaxes branch authorisation policy

Last Updated: Thursday, August 6, 2015, 23:31

Giving greater operational freedom to banks, the Reserve Bank Wednesday allowed lenders to shift, merge or close branches, except in rural areas, at their "discretion".

Bank of England holds interest rate at 0.50%

Last Updated: Thursday, August 6, 2015, 19:06

The MPC "voted by a majority of 8-1 to maintain Bank Rate at 0.5 percent", the BoE said.

Microsoft boosts parental leave, on heels of Netflix

Last Updated: Thursday, August 6, 2015, 02:56

Microsoft on Wednesday announced an expanded parental leave policy for its US-based employees, a day after a similar move by streaming television giant Netflix.

RBI can cut rate if inflation stays below 6%: Rajan

Last Updated: Wednesday, August 5, 2015, 15:32

RBI expects retail inflation to be around 6.1 percent in January-March, 2016.

Government hopes RBI will cut interest rate in September

Last Updated: Tuesday, August 4, 2015, 21:26

With inflation under control, the government hopes that RBI, which has maintained status quo in Tuesday's monetary policy review, will cut interest rate next month to boost much-needed investments and growth.