Finance Post

Finance Ministry

Economic growth may have slowed in 2018-19: FinMin

May 3, 2019

New Delhi: The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment and muted exports, a finance ministry report has said. The Central Statistics Office (CSO), which released the national account data for the third quarter, had in February revised downwards the growth estimate for 2018-19 fiscal to 7% from […]

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Share market updates (30-Apr-19)

April 30, 2019

Mumbai: Share market update Nifty 50 (NSE)— 11,748.15 Points Down by (0.055%) SenSex (BSE)— 39,031.55 Points Down by (0.092%) Most Active Shares (NSE) 1- Yes Bank — Price (168₹) 2- Reliance — Price (1392₹) 3- Tata Steel — Price (557.20₹) 4- Infosys — Price (751.35₹) 5- HDFC — Price (1995.05₹) Most Active Share (BSE) 1- […]

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Shaktikanta Das

Monetary economics in emerging markets needs a rethink: RBI

April 13, 2019

Washington: Observing that the global financial crisis has exposed several limitations of conventional and unconventional monetary policy tools, Reserve Bank of India Governor Shaktikanta Das on Friday said monetary economics in emerging markets needs a rethink. This includes challenging the conventional wisdom of modern central banks to hike or reduce their interest rates by 25 basis points or multiples thereof, Das said in […]

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Arun Jaitley

Jaitley discusses India’s economic reforms with investors in US

April 11, 2019

New York: Finance Minister Arun Jaitley has discussed India’s economic reforms and outlook for the future as he addressed investors here. India’s Consulate General in New York tweeted Wednesday that since his arrival in the city, Jaitley “held a series of roundtables with the investors community of New York on India’s economic reforms and vision […]

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Mock security drill at RBI headquarters in Mumbai

April 11, 2019

Mumbai: Security agencies on Thursday carried out a mock drill at the Reserve Bank of India’s (RBI) headquarters in south Mumbai which also involved use of helicopters. As part of the drill, a chopper landed on top of the 25-storey headquarters of the RBI in the high security area, taking everyone by surprise. Onlookers said choppers […]

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World Bank

India GDP to grow 7.5% this year: World Bank

April 8, 2019

Washington: India’s GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption, the World Bank has said. The real GDP growth is estimated at 7.2% in FY18/19, the World Bank said in its latest report on South Asia on Sunday ahead of the spring meeting of the World Bank and the International Monetary Fund. Data […]

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Rupee falls 10 paise to 68.98 against US $ in early trade

March 28, 2019

Mumbai: Rupee fell 10 paise to 68.98 against the US $ in early trade Thursday on increased demand for the greenback from importers & banks. At the interbank forex market, the rupee opened lower at 69.04 & weakened further to 69.06. However, it recovered partially to quote 10 paise down at 68.98 against the $ […]

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Rupee slips 12 paise to 68.98 against US dollar in early trade

March 27, 2019

Mumbai: Rupee depreciated by 12 paise to 68.98 against the US $ in early trade Wednesday on increased demand for the US currency from importers and rising crude prices. However, a higher opening in domestic equities and sustained foreign fun inflows helped in restricting the slide in the Indian unit to some extent, forex traders […]

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RBI imposes Rs 2-cr penalty on PNB bank

March 26, 2019

New Delhi: The RBI has slapped a penalty of Rs 2 crore on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said Tuesday. SWIFT is a global messaging software used for transactions by financial entities. The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the […]

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