Commercial banks are yet to transmit the repo rate cuts by the Reserve Bank of India, a report said.
The Reserve Bank of India has come up with draft guidelines on “Enabling Framework for Regulatory Sandbox” for the financial sector. The sandbox approach is currently the most favoured mechanism globally to promote and facilitate fintech innovation.
The rupee appreciated by 13 paise to 69.24 against the US dollar in opening trade Friday, driven by easing crude oil prices and higher opening in domestic equities.
India's economy slowed down slightly in the last fiscal and dull export is one of the factors the contributed to the slowdown, says the Finance Ministry's monthly report.
The output growth of India's manufacturing sector remained weak in April as softer increase in new orders restricted production, employment, input buying and business sentiment, said a news report.
NEW DELHI: Despite the glitches in the implementation of GST and the disruption caused by demonetisation more than two years back, the trading community in Delhi’s Chandni Chowk parliamentary constituency doesn’t seem to be too unhappy with the current BJP government.