RBI Act: News

17 Nov 2022

India

Demonetization enforced after extensive talks with RBI: Centre tells SC

The Union government has informed the Supreme Court (SC) that the 2016 demonetization was a "well-considered" move and part of a bigger process to fight the menace of tax evasion, fake money, black money, and terror financing.

04 May 2022

Shaktikanta Das

RBI hikes repo rate by 40 bps to 4.4%

In its first rate hike since August 2018, the Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 40 basis points to 4.4%.

11 Dec 2018

Narendra Modi

Shaktikanta Das becomes the new RBI governor

On Tuesday, Shaktikanta Das was made the Governor of Reserve Bank of India after Urjit Patel resigned on Monday. He will join office immediately.

Urjit Patel first RBI Governor to officially resign since 1957

Reserve Bank of India (RBI) Governor Urjit Patel's resignation from his post has made him the third RBI Governor to officially resign.

Urjit Patel resigns as Governor of Reserve Bank of India

Reserve Bank of India Governor, Urjit Patel, has stepped down from the position with immediate effect amid rift with the government on various issues.

31 Oct 2018

Narendra Modi

RBI vs Modi government: All about the spat, Section 7

The ongoing spat between the Reserve Bank of India (RBI) and the Modi government is public knowledge by now.

14 Jun 2017

India

RBI: 12 mega defaulters, accounting for 25% of NPA, identified

The Reserve Bank of India (RBI) said, its internal advisory committee (IAC) has rounded up 12 accounts, responsible for almost 25% of the non-performing assets (NPAs) problem plaguing the banking system.

30 Mar 2017

Lok Sabha

Lok Sabha passes Finance Bill, rejects RS amendments

The Lok Sabha passed the Finance Bill, without accepting any of the 5 amendments suggested by the Rajya Sabha.

30 Mar 2017

Lok Sabha

Opposition forces 5 amendments to Finance Bill in RS

The opposition forced 5 amendments to the Finance Bill to be adopted by the Rajya Sabha, in what is seen as a setback to the Centre.

22 Mar 2017

Lok Sabha

2017 Finance bill to undergo major reforms

Arun Jaitley suggested a major overhaul in finance bill to bring about electoral reforms.

03 Feb 2017

Tamil Nadu

TN Congress lambasts Budget

The Tamil Nadu Congress has criticized the General Budget for not including Tamil Nadu in the list of states for an AIIMS hospital. Jharkhand and Gujarat have been selected instead.

02 Feb 2017

Tamil Nadu

Kerala Finance Minister, RSS affiliates dissatisfied with Budget

Finance Minister of Kerala, Thomas Issac on Wednesday said that the Union Budget was a "big letdown" and that Union Finance Minister Arun Jaitley "played a game with statistics to draw a wrong picture."

01 Feb 2017

Tamil Nadu

Budget 2017: Congress disappointed but supports clean political funding

A range of reactions by various political parties, including the Opposition, poured in following Budget 2017-18 today.