RBI Deputy Governor Viral Acharya resigns

Mumbai: Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya has quit six months before the end of his term, sources said on Monday. Acharya has not commented on the matter yet Acharya is the third top official to quit RBI before completing their term. The first being former RBI Governor Raghuram Rajan and second being former Governor Urjit More...

by Indileak Web Desk | Published 2 days ago
By Indileak Web Desk On Friday, June 21st, 2019
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Market in liquidity defict mode in Q4 of FY19, RBI pumped in Rs 1.12 lakh cr: FinMin

New Delhi: Market liquidity was in deficit mode in Q4 of last fiscal and RBI pumped in Rs 1.12 lakh crore in the period to sustain the market, according to the Finance Ministry quarterly data on public debt. Market More...

By Agencies On Wednesday, June 19th, 2019
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Economic Advisory Council refutes Subramanium’s paper

New Delhi: As promised, the PM’s Economic Advisory Council (PMEAC) on Wednesday came out with a “point-to-point rebuttal” of Arvind Subramanian’s research paper that claimed India over-estimated More...

By Indileak Web Desk On Wednesday, June 19th, 2019
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Tripura supplying power to Nepal, Bangladesh

Agartala: After Bangladesh, Tripura is supplying 40 MW of electricity to Nepal, Deputy Chief Minister Jishnu Dev Varma said here on Wednesday. The NERLDC is the apex body to ensure integrated operation of the power More...

By IANS On Monday, June 17th, 2019
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J&K Bank to now come under RTI act, CVC guidelines

Srinagar: The board of directors of Jammu & Kashmir Bank on Saturday decided to bring the bank under the J&K RTI Act, 2009 and the CVC guidelines with effect from Monday. The board decided to implement J&K More...

By Agencies On Friday, June 14th, 2019
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Sreedharan writes to Modi asking to reject Kejriwal’s free metro rides for women

New Delhi: Former Delhi Metro Rail Corporation (DMRC) Chairman E Sreedharan has written a letter to Prime Minister Narendra Modi requesting him not to agree to the Delhi government’s proposal of free rides More...

By Indileak Web Desk On Thursday, June 13th, 2019
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IndiGo launches ATR flights on Buddhist circuit

Mumbai: Budget carrier IndiGo on Thursday announced daily non-stop ATR flight services on the Buddhist circuit, connecting Kolkata, Gaya and Varanasi. Our ATR fleet helps us serve regional operations efficiently Effective More...

By Indileak Web Desk On Tuesday, June 11th, 2019
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All steps to be taken to make steel sector competitive: Goyal

New Delhi: Commerce Minister Piyush Goyal on Tuesday said the government will take all necessary steps to make India’s steel manufacturing sector competitive, an official statement said. The government will More...

By IANS On Friday, June 7th, 2019
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RBI overhauls prudential norms for stressed assets’ resolution

Mumbai: The Reserve Bank of India (RBI) on Friday issued new guidelines for dealing with non-performing assts (NPA) after the Supreme Court quashed its February 12, 2018, circular, which had mandated the lenders More...

By Indileak Web Desk On Wednesday, June 5th, 2019
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Alliance Air starts flights from Jharsuguda airport

Bhubaneswar: Alliance Air, a subsidiary of Air India, on Wednesday commenced two direct flights from Veer Surendra Sai (VSS) Airport in Jharsuguda to Bhubaneswar and Raipur. Another flight operated from Jharsuguda More...