NEW DELHI: The government of India on Saturday appointed former Reserve Bank of India (RBI) Governor Shaktikanta Das as Principal Secretary-2 to Prime Minister Narendra Modi, according to an official order.His tenure will be “co-terminus” with the term of the PM or until further orders, whichever comes first.“The Appointments Committee of the Cabinet has approved…
Are banks open on March 31, 2025? March 2025 bank holidays: RBI has directed all agency banks handling government transactions to remain operational on March 31, 2025 (Monday), despite it being a holiday in several states. This measure ensures accurate financial reporting for FY 2024-25 by recording all transactions within the same period.According to an…
NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index…
Kolkata: Gold crossed the ₹85,000 mark for the first time on Monday in the physical market as safe-haven demand for the metal surged on fears of a global trade war after US President Donald Trump announced new tariff plans. The precious metal was trading at ₹85,665 per 10 gm, up from ₹84, 699 per 10…
MUMBAI: Reserve Bank of India‘s (RBI) decision to introduce exclusive domains for banks will make it easier to identify genuine banking websites and avoid phishing scams. Customers can verify a bank’s authenticity by checking if its website has the ‘bank.in’ extension before making transactions.RBI governor Sanjay Malhotra said rising fraud in digital payments is a…
NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday outlined India’s economic trajectory, fiscal policies, and key government initiatives after she presented the 8th consecutive union budget a day earlier.Sitharaman reaffirmed the Centre’s commitment to fiscal consolidation while ensuring economic growth, infrastructure expansion, and sectoral support. Addressing global economic challenges, she detailed strategies to navigate…
Bank Holidays: RBI issues a comprehensive state and region-specific holiday calendar annually. Bank holidays January 2025: Banks across India observe closures during national and regional holidays, with variations by state. While many bank customers prefer conducting banking activities on Saturdays, it is important to note that banks remain closed on second and fourth Saturdays, alongside…
NEW DELHI: Reserve Bank of India on Thursday flagged its concern over several states announcing farm loan waivers, free power to agriculture and households, free transport and cash transfers to women and youth, cautioning that these spends will lower the funds available to undertake expenditure on building social and physical infrastructure as well as research…
MUMBAI: RBI governor Sanjay Malhotra on Monday asked colleagues to “strive for perfection” and support the realisation of the Viksit Bharat vision. The career bureaucrat appointed to lead the central bank “reassured” staffers that RBI, an “august institution”, is his “family” now. “I exhort you to strive for perfection in performing our critical roles as…
RBI receives bomb threat. (Reuters pic) NEW DELHI: The Reserve Bank of India (RBI) on Friday received a bomb threat, which is being investigated by Mumbai police. The threat was delivered via email in Russian to the bank’s official website. A case has been filed against an unknown individual at the Mata Ramabai Marg (MRA…
