Jalan panel has THIS suggestion on RBI capital norms

The Bimal Jalan-led panel has recommended a review of the Reserve Banks Economic Capital Framework (ECF) every five years.

US dollar declines amid economic data

The US dollar declined as investors digested a batch of weak economic data.

Indian aviation to have 2,000 planes in near to medium term: Hardeep Puri

Civil Aviation Minister Hardeep Singh Puri on Tuesday said the number of planes will increase to 2,000 in short to medium term from 540 aircraft when Jet Airways discontinued operations.

Cabinet may relax FDI in retail, okay ordinance to roll back FPI surcharge

The Union cabinet in its meeting on Wednesday would take up proposals to relax foreign direct investment (FDI) in various sectors, including single brand retail and digital media, as announced by Finance Minister Nirmala Sitharaman in her maiden Budget last month.

How RBI windfall will help government fight economic slowdown

The Central Board of the Reserve Bank of India had decided on Monday to transfer a sum of Rs 1,76,051 crore to the Government of India.

RBI surplus transfer will only give marginal relief: Kotak Equities

The transfer of Reserve Bank of India (RBI) surplus will only give marginal relief, while risk to the fiscal remains on account of the expected shortfall in Goods and Services Tax (GST) revenues, Kotak Equities said on Tuesday.

Samsung bounces back, smartphone sales up: Gartner

Samsung sold over 75 million smartphones globally in the second quarter (Q2) 2019 and grew its share by 1.1 percentage points (year over year) after witnessing a decline in six consecutive quarters, Gartner said on Tuesday.

Hyundai plans to start rolling out BS6 models early next year

South Korean auto major Hyundai plans to start rolling out upgraded BS6 compliant models, including diesel trims, on a regular basis by early next year, a top company official said.

Microsoft workshops to train govt techies in India

Microsoft India on Tuesday announced the "Digital Governance Tech Tour" programme to skill government IT officials in new-age technologies like Artificial Intelligence (AI) and intelligent cloud computing,

RBI to transfer Rs 1.76 lakh cr to govt

The Central Board of the Reserve Bank of India on Monday decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at the meeting of the Central Board today.

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