The Congress on Monday cited a set of Reserve Bank of India (RBI) data to argue that the central government must acknowledge the “acute slowdown” and asked to put the “economic mess” in order. Addressing a press conference, newly appointed spokesperson Supriya Shrinate said RBI’s data clearly showed that commercial credit declined by around 88%. […]
The Centre’s imposition of stock limits in a bid to control the soaring prices of onions over the last few months actually increased price volatility, according to the Economic Survey 2019-20 tabled in Parliament on Friday. The finding came in a hard-hitting attack in the report against the Essential Commodities Act (ECA) and other “anachronistic […]
Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations, but to no avail as as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. However, customers said they were able to withdraw the stipulated amount of ₹50,000 through cheques at various Yes […]
