The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development.Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. Read More
Countering Yes Bank promoter Rana Kapoor's allegation against the senior party leader, Congress Party on Sunday accused Bharatiya Janata Party (BJP) of keeping the pot boiling without any basis. ...
Yes Bank promoter Rana Kapoor informed the Enforcement Directorate (ED) that he was 'forced' by a then Congress Union Minister to buy an MF Hussain painting from Priyanka Gandhi Vadra for Rs 2 crores. ...
Amidst load shedding issues in Maharashtra, state Deputy Chief Minister Ajit Pawar on Friday said that the state government has decided to import coal from outside the country and also said that efforts are underway to get one coal mine in Chhattisga ...
The Bank of Canada raised its benchmark interest rate for the most in 20 years, saying that it has added half a percentage point to bring rates to 1 per cent in a bid to rein in inflation. ...
Blue Blocks, a K-12 school in Hyderabad, inaugurated a first-of-its-kind Biomimicry Lab within the school premises to encourage primary school children to understand, experiment, and learn using nature as inspiration. Children are born nature lovers. ...
Russian President Vladimir Putin discussed gas payment issues and Russia-Ukraine talks during a telephone call with German Chancellor Olaf Scholz on Wednesday. ...
