Sources in the ministry of finance told Firstpost that Section 7 of the RBI Act has not been invoked. However, two letters were sent to RBI last month in which “Section 7 was quoted”, highlighting the existence of powers under the Act that allows the government to issue directions to the central bank on “matters of public interest”.
IndusInd Bank Share Price 1400, Big Downfall Expected – Buy Karna Mana Hai
IndusInd Bank’s promoter, IndusInd International Holdings Limited (IIHL), and Invesco Limited have completed the formation of their joint venture for the asset management company (AMC) as of 2 November. IIHL and Invesco Limited will now serve as the sponsors of Invesco Asset Management Company India.
Supreme court dismisses Star India’s pleas: TRAI Tariff Order
The Supreme Court dismissed the plea challenging the Telecom Regulatory Authority of India’s March, 2017 regulations and tariff order relating to fixation of charges for free …
Government Initiates Consultations With RBI Under Rare Provision
The government has issued “several” letters to the Reserve Bank of India initiating consultations under Section 7 of the RBI Act, said a person familiar with the matter. While consultations have been initiated under this provision, no directions have been given, said this person.
Why Gold Prices Are Rising
Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the US economy may tumble back into recession.
Breaking News – China Reports Lower Than Expected Manufacturing Growth in October
China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues.
Wall St Jumps on Donald Trump’s ‘Great Deal’ with China Claim, Aussie Dollar lifts Above US71c
Reuters-polled economists are predicting the cost of living to rise by 0.4 per cent rise in the September quarter — which brings annual inflation to 1.9 per cent.