Articles

  • 4 days ago | rediff.com | Harsh Kumar |Asit Ranjan Mishra

    The revised ceiling will be within the Rs 10 lakh mark. IMAGE: Account holders queue outside a branch of the New India Co-operative Bank in Mumbai after the Reserve Bank barred it from offering new loans or accepting deposits, making it unable for customers to withdraw funds. The government is actively considering a hike in the deposit insurance limit for bank deposits from the present level of Rs 5 lakh within the next six months, a senior finance ministry official told Business Standard.

  • Feb 1, 2025 | rediff.com | Ruchika Chitravanshi |MONIKA YADAV |Harsh Kumar

    'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.''We expect all that money will come back into the economy in either savings, consumption, or investments.'IMAGE: People watch the live telecast of Union Budget 2025 at a showroom in Patna, February 1, 2025.

  • Jan 30, 2025 | rediff.com | Ruchika Chitravanshi |Harsh Kumar |MONIKA YADAV

    This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year. IMAGE: Finance Minister Nirmala Sitharaman. On February 1, Union Finance Minister Nirmala Sitharaman will present the 14th Budget of the Narendra Modi government since it took office in 2014.

  • Dec 11, 2024 | rediff.com | Harsh Kumar

    A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. “Let me first go, join, understand the turf … Here it is a different role,” Malhotra said, speaking to reporters in front of North Block.

  • Dec 9, 2024 | rediff.com | Harsh Kumar |Asit Ranjan Mishra

    As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street. IMAGE: The Appointments Committee of the Cabinet appointed Revenue Secretary Sanjay Malhotra as the Governor of the Reserve Bank of India for a three-year term beginning Wednesday, December 11, 2024.

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