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Government Expects Increased Dividend From RBI

BE/RBI/29/2017 It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year. The Finance Ministry official said that the matter is under discussion with RBI. RBI

Government Expects Increased Dividend From RBI

BE/RBI/29/2017 It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year. The Finance Ministry official said that the matter is under discussion with RBI. RBI

Increase In Retail Inflation Reduces Chances Of Further Rate Cut

BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

Increase In Retail Inflation Reduces Chances Of Further Rate Cut

BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

RBI Cuts Repo Rates

BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor

RBI Cuts Repo Rates

BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor

RBI To Print New Rs. 200 Currency Notes.

BE/RBI/26/2017 RBI to release Rs. 200 notes: Rs. 2000 notes printing stopped. Since five months, RBI has not printed the Rs. 2000 notes and has now moved to print Rs. 200 notes, from its Mysuru Printing press, and these are expected to hit the market by next month.   Along with printing of other notes,

RBI To Print New Rs. 200 Currency Notes.

BE/RBI/26/2017 RBI to release Rs. 200 notes: Rs. 2000 notes printing stopped. Since five months, RBI has not printed the Rs. 2000 notes and has now moved to print Rs. 200 notes, from its Mysuru Printing press, and these are expected to hit the market by next month.   Along with printing of other notes,

COUNTING OF DEMONITIZED NOTES

BE/RBI/25/2017 DATA ON OLD NOTES DEPOSITED The Parliamentary committee met here and have been given to understand that the old notes deposited are still under counting. Mr. Urjit Patel, RBI Governor, who attended the meeting was not able to give an exact figure of how much had returned to the system as on date.  The

COUNTING OF DEMONITIZED NOTES

BE/RBI/25/2017 DATA ON OLD NOTES DEPOSITED The Parliamentary committee met here and have been given to understand that the old notes deposited are still under counting. Mr. Urjit Patel, RBI Governor, who attended the meeting was not able to give an exact figure of how much had returned to the system as on date.  The

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