Business Economy

WPI inflation rises to 2.93% in February

Inflation based on wholesale prices rose to 2.93% in February over the previous month due to hardening of prices of primary articles, fuel and power, according to government data released on Thursday. The Wholesale Price Index (WPI) based inflation stood at 2.76% in January, 2019. WPI inflation stood at 2.74% during February 2018. Inflation of […]

Business Economy

RBI to inject liquidity via forex swaps

The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for a three-year tenor on March 26. “In order to meet the durable liquidity needs […]

Business Economy National

RBI board warned of noteban’s short-term impact on economy; no material effect on black money

The Reserve Bank of India board, which included the present Governor Shaktikanta Das as a director, had warned of short-term negative impact of demonetisation on the country’s economic growth and observed that the unprecedented move will not have any material impact on tackling the black money menace. The board, according to minutes of the meeting […]

Business Economy

Tribunal tells IRDAI to renew TPA licence

In a rare instance, the Securities Appellate Tribunal (SAT) has quashed an order issued by the Insurance Regulatory and Development Authority of India (IRDAI) and directed the insurance regulator to renew the licence of an entity that was cancelled by IRDAI in July 2016. While directing IRDAI to renew the licence of Happy Insurance TPA […]