Monetary policy committee under "active" discussion: RBI deputy

Last Updated: Wednesday, September 9, 2015, 20:25

The RBI is holding "active" discussions with the government on the formation of a monetary policy committee that would decide interest rates, a deputy governor of the bank, S.S. Mundra, said on Wednesday.

EPFO panel approves raising insurance cover to Rs 5.5 lakh

Last Updated: Wednesday, September 9, 2015, 19:22

Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.

PAC to submit its report on 2G scam

Last Updated: Monday, September 7, 2015, 19:36

The 2G radiowave allocation scam is set to hog the limelight again as Public Accounts Committee has decided to submit its report on the controversial issue to Parliament based on the "in depth" discussions held by the panel then headed by Murli Manohar Joshi.

Govt, RBI reach consensus on monetary policy committee: Jayant Sinha

Last Updated: Thursday, August 27, 2015, 21:41

"As far as MPC is concerned, we have reached a consensus with RBI. On that, a (Cabinet) note has been prepared. We will have to see when it gets to the Cabinet," he said here.

Rajan sets inflation fight, bank books clean-up as priorities

Last Updated: Thursday, August 27, 2015, 19:19

Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.

Developers allowed to divest 100% equity in road projects

Last Updated: Wednesday, August 26, 2015, 22:47

The government Wednesday allowed developers to divest 100 percent equity in projects two years after the completion of such schemes, a move that can unlock investments worth about Rs 4,500 crore in the sector.

Majority wanted rate cut, but Rajan vetoed in August review

Last Updated: Tuesday, August 25, 2015, 19:07

The RBI held consultation with external Members of the TAC between July 22-28 in the run up to the Third Bi-monthly Monetary Policy Review, 2015-16 on August 4, 2015.

Consensus between govt, RBI on monetary policy panel: FinMin

Last Updated: Tuesday, August 18, 2015, 17:58

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

GST: Session not prorogued, govt options open

Last Updated: Thursday, August 13, 2015, 18:36

Government on Thursday appeared to be keeping its options open on convening a special session of Parliament for enacting the GST law on which Finance Minister Arun Jaitley declared that it was determined to stick to the rollout deadline of April 1, 2016.

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.

CCEA approves proposal for strengthening drug regulatory system

Last Updated: Thursday, August 13, 2015, 00:03

To facilitate domestic manufacture of quality medical products, the Cabinet Committee on Economic Affairs (CCEA) Wednesday approved a proposal for strengthening and upgrading the drug regulatory system both at the Central and state level.

GST watered down, can still add 0.6% to GDP growth: HSBC

Last Updated: Wednesday, August 12, 2015, 13:30

Terming GST as one of the most promising reforms on anvil, global giant HSBC on Wednesday said the bill has been "watered down" but can still add a "sizeable" 60 basis points to India's GDP growth rate.