The Supreme Court on Thursday commenced final arguments on a batch of pleas challenging a Reserve Bank of India circular prohibiting banks and financial institutions from providing services in relation to cryptocurrencies.
Majority of apparel workers across the country have received festival allowances and wages for the month of July ahead of Eid-ul-Azha, one of the biggest religious festivals of Muslims, to be celebrated on August 12.
Exporters hail reduction of repo rate by 35 basis points by Reserve Bank of India - 08th August 2019
Tirupur Exporters' Association (TEA) on Wednesday hailed the reduction of policy Repo rate by 0.35 per cent from 5.75 per cent to 5.4 per cent announced by the Reserve Bank of India in the third bi-monthly monetary policy for 2019-20.
MUMBAI: Interest rates on loans are set to fall further with Reserve Bank of India governor Shaktikanta Das announcing a reduction in repo rate by an unconventional 35 basis points (100bps = 1 percentage point) to spur economic activity that has slowed down in recent months, while inflation has remained under check.
Mumbai: Banks have passed on only a little more than a third of the benefits they have accrued so far from the past three successive rates reductions of 75 bps by the Reserve Bank to the borrowers, governor Shaktikanta Das Wednesday said, urging them to do more.
Coimbatore : Tirupur Exporters’ Association (TEA) on Wednesday hailed the reduction of repo rate by 0.35 basis points to 5.4 announced by RBI in its monetary policy.