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Why RBI cannot pay Rs 3.6 trillion to the govt

Neither the foreign exchange, nor the gold, and certainly not the revaluation reserve should be available for spending by anyone. he revaluation account is simply not money. It is simply an accounting..
Rediff.com - Published

Crucial RBI board meet today, to iron out differences with government

Financial markets, banks and corporate houses are eagerly waiting for Monday's crucial Reserve Bank of India board meeting. It is likely to set the tone on sensitive issues like easier loan sanctions..
DNA - Published

Govt: Not seeking Rs 3.6 lakh cr from RBI

Centre to stick to fiscal deficit target of 3.3% for FY19
DNA - Published Also reported by •Rediff.comnewKerala.comIndiaTimes

Government-RBI rift: Forcing central bank to give Rs 3.6 lakh cr from cash reserves would jeopardise inflation story

Every year since 2014, the RBI has transferred all the profits it has made to the government
Firstpost - Published

Govt not seeking Rs 3.6 lakh cr from RBI; misinformed speculation in media, says economic affairs secretary, S C Garg

Economic Affairs Secretary Subhash Chandra Garg said the only proposal "under discussion is to fix appropriate economic capital framework of RBI."
Firstpost - Published

Government says not seeking Rs 3.6 lakh crore RBI reserve, dismisses media reports

Economic Affairs Secretary Subhash Chandra Garg in a series of tweets said that government’s fiscal math is completely on track.
Zee News - Published

Congress slams Centre over Rs 3.6 lakh cr RBI loan

Party spokesperson Manish Tewari warns that such a move would have "profound" implications on the macro-economic stability of India
DNA - Published

Government seeking to demolish RBI: Congress

The Congress on Tuesday accused the Modi government of seeking to "demolish" the Reserve Bank of India (RBI) and said if the Centre's reported demand for Rs 3.6 lakh crore from the central bank..
IndiaTimes - Published

Government seeking to demolish RBI, Rs 3.6 lakh crore demand is for doling out pre-poll freebies: Congress

The Congress on Tuesday accused the Modi government of seeking to "demolish" the Reserve Bank of India (RBI) and said if the Centre's reported demand for Rs 3.6 lakh crore from the central bank..
IndiaTimes - Published

Govt wants Rs 3.6 lakh crore cash surplus from RBI: Eating into central bank's reserves is a dangerous idea, will set a bad precedent

As this has not been done before, doing it now will definitely send a signal that all is not well with the government's finances and will hence raise several questions on the running of the Budget.
Firstpost - Published

PM needs Rs 3.6 lakh crore from RBI to fix 'mess' his economic theories created: Rahul Gandhi


IndiaTimes - Published

Govt wants RBI to transfer its surplus of Rs 3.6 lakh crore; central bank believes move will impact macroeconomic stability

RBI is of the view that the use of its reserves will hurt the government's commitment to fiscal prudence.
Firstpost - Published

Modi government asks for Rs 3.6 lakh crore from RBI's reserves, Central bank denies: Report

The government wanted to use these funds for recapatalisation of PSU banks.
DNA - Published

Don't play with India's economic sovereignty: Congress to Modi

The Congress on Tuesday accused the Narendra Modi government of playing with India's economic sovereignty by trying to demolish the Reserve Bank of India (RBI) and seeking transfer of Rs 3.6 lakh crore..
Sify - Published

Reliance Jio offer: Get Rs 100 cashback from Rs 399 plan via PhonePe

Reliance Jio is now offering a cashback of Rs 100 on it’s the Rs 399 plan. The plan will now be priced at Rs 299 who recharge their device via PhonePe. Under this plan, users get 126GB of data for..
DNA - Published

Reliance Jio offer: Get 1GB 4G data free with a Cadbury Dairy Milk chocolate

To celebrate its second anniversary, *Reliance Jio* has partnered with Cadbury, to offer 1GB free additional 4G data to its customers who are having Cadbury Dairy Milk chocolate. The offer is valid..
DNA - Published

In two years of Reliance Jio, telecom turns into a war-ravaged zone

"Bringing people together since 2016", Reliance Jio tweeted last week after the biggest telecom merger between Vodafone India and Idea Cellular got final approval. The tweet is not just bragging...
DNA - Published

Three get death sentence for sensational murder of four-year-old boy in Shimla

A Himachal Pradesh court Wednesday gave the death penalty to three people in the sensational murder case of a four-year-old boy in 2014, whose skeletal remains were found in a water tank more than two..
DNA - Published

70 companies, loans worth Rs 3.6 lakh crore set to come under scanner today

RBI in February introduced new rules and a 180-day timeline for banks to recast loans once payments are missed, scrapping previous methods that could take an indefinite amount of time. Companies that..
IndiaTimes - Published

Bengal Finance Minister Amit Mitra refutes Shah's claim on Centre's sanctions to state

West Bengal Finance Minister Amit Mitra on Thursday refuted BJP president Amit Shah's claim that the Narendra Modi government had given the state Rs 3.6 lakh crore and said on a gross level, the state..
DNA - Published

Maharashtra plastic ban: 72 fined, Rs 3.6 lakh collected in Nashik on first day

A sum of Rs 3.6 lakh collected from them in Nashik on the first day of the plastic ban that came into effect across Maharashtra today
DNA - Published

Maharashtra plastic ban: Nashik authorities fine 72 people, collect Rs 3.6 lakh penalty from violators

Seventy-two people were fined and a sum of Rs 3.6 lakh collected from them in Nashik on the first day of the plastic ban in Maharashtra.
Firstpost - Published

After dipping sales, ticket prices of luxury trains slashed by 10-15%

Owing to dipping sales, the price of tickets for luxury trains have been slashed by over 10-15%, said tourism minister Alphons Kannanthanam. Officials in the tourism ministry had written to..
DNA - Published

CBI books ex-CMD of United Bank of India Archana Bhargava for amassing DA worth Rs 3.6cr

The CBI has booked former Chairman and Managing Director of United Bank of India Archana Bhargava for amassing assets worth over Rs 3.6 crore allegedly disproportionate to her known sources of income.
DNA - Published Also reported by •Deccan Herald

CBI files FIR against United Bank of India chairman over disproportionate assets

The UBI chairman, according to news agency ANI, has been charged with acquiring disproportionate assets worth Rs 3.6 crore.
Zee News - Published

Items worth Rs 3.6 crore seized from Adani Wilmar agency in Raipur


newKerala.com - Published

Watch: Here's why KXIP paid Rs 4 crore to 16-year-old Afghan mystery spinner Mujeeb Zadran

16-year-old Mujeeb Zadran from Afghanistan will have a lot to celebrate even after his brilliant bowling performance in the U-19 World Cup that brought his side to the semifinals. Mujeeb, from what..
DNA - Published

IPL Auction 2018 | Sunday shocker: Shaun Marsh, Eoin Morgan go unsold

Reputation count for little, it was evident on day one of the IPL auction with heavyweights such as Chris Gayle going unsold alongside England captain Joe Root while Yuvraj Singh and Harbhajan Singh..
DNA - Published

IPL auctions 2018:: SRH build strong line-up with stellar picks

Sunrisers Hyderabad in its few years in IPL history has shown great penchant for prudent and quality buys, who deliver the good. True to their reputation, SRH showed its auction form on Saturday. In..
DNA - Published

Infosys shifts its CFO back to India after 6 months

In what could be a clear sign of departure from former CEO Vishal Sikkas US-centric policies, Infosys has shifted its Chief Financial Officer M D Ranganath back to India. The new development comes..
Deccan Herald - Published

Karnataka to dole out Rs 20 cr to 87 startups under Elevate 100

In the first government funding of the startups, Karnataka government will be giving away grants worth Rs 20.03 crore to 87 startups under Elevate 100 programme. After a two-month-long contest,..
Deccan Herald - Published

2 held with 12 kg gold sent to 14-day judicial remand

Nainital (Uttarakhand), Aug 23 (ANI): Two people, including a Bhutanese woman, who were arrested with 12 kg of unaccounted gold in Kathgodam near Haldwani, were sent on 14-day judicial remand. Giving..
ANI News - Published

Coal India Ltd posts 23% decline in consolidated profit in Q1

State-owned Coal India Ltd (CIL) today posted 23 per cent decline in consolidated profit at Rs 2,351.2 crore for the quarter ended June 30, 2017, due to higher expenses. The company had posted a..
DNA - Published

Infosys CFO MD Ranganath to move to the US

IT services major Infosys will relocate its Chief Financial Officer M D Ranganath to the US - its largest market - and has also revised his compensation package. "The company has asked, for business..
Deccan Herald - Published

Special court sentences 23 persons for defrauding investors

A special court here today sentenced 23 persons to five years in jail each for duping investors of of Rs 3.6 crore.
DNA - Published

Reliance Nippon Life plans to go public in FY18

Reliance Nippon Life Asset Management (RNAM) has got approval from its board to list the equity shares of the company, subject to necessary regulatory and corporate approvals. It could be the first..
Deccan Herald - Published

Chief Minister's Initiatives Set the Stage for Rapid Industrialization; Odisha Approves Fresh Investments Worth Rs 1.10 Lakh Crore

chief minister's initiatives set the stage for rapid industrialization; odisha approves fresh investments worth rs 1.10 lakh crore
*Business Wire India* · Our policy and business ecosystem are among the best in the country: Chief Minister of Odisha, Naveen Patnaik · 10 proposals approved by the High Level Clearance Authority..
Business Wire India - Published

HDFC Bank net up 18.3% to Rs 3,990 cr

HDFC Bank reported a 18.3% increase in standalone net profit for the quarter ended March 31, 2017, at Rs 3,990.1 crore compared with Rs 3,374 crore in the same quarter previous fiscal. Provisions..
Deccan Herald - Published

Fire breaks out opposite school in Dharavi

A major fire occurred at 90 feet road, opposite Kamraz school, in Dharavi, Mumbai. Eight fire tenders rushed to the..
Mid-Day - Published

India's tallest tricolour standing 360 feet tall hoisted at Attari border

Amritsar (Punjab), March 06 (ANI): It is a proud moment for every citizen of India as the country’s tallest tricolour was hoisted at Attari border on Sunday. Made with a budget of a whopping Rs. 3.6..
ANI News - Published

DRI seizes 11.98 kg gold bars in Ramanathapuram district

Gold bars worth Rs 3.6 crore, being allegedly smuggled to Tiruchirapalli, were seized from a car at Keeranur near here today and two persons detained in this connection, police said.
DNA - Published

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