On April 1, 2014 Reserve Bank of India Governor Dr. Raghuram G. Rajan in his First Bi-monthly Monetary Policy Statement for 2014-15 has announced the monetary and liquidity measures based on an assessment of the current and evolving macroeconomic situation. RBI has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent; keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liability (NDTL)
FlashNews:
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Securing India’s New Crown Jewels
Logistics parks, multimodal cargo hubs poised for rapid growth
India is ready to build for the world!
Tag: rate
SCI raises rates for container cargoes
Effective September 1, state-run Shipping Corporation of India (SCI) raised container freight rates on different trade routes including the Europe, Mediterranean, Black Sea and Red Sea. SCI hiked rates considering rise in the fuel costs, insurance premiums and port handling charges. It may be noted that the company, which is suffering operational loss
RBI to use all tools to reduce currency volatility
Reserve Bank of India (RBI) Governor D Subbarao informed reporters that the central bank does not have any target for rupee level but will use all the instruments it has to reduce volatility. The Indian rupee depreciated against the dollar sharply to over Rs 60 recently
World’s leading shipping firms mull alliance
The world's three largest shipping firms - Maersk Line, Mediterranean Shipping Company and CMA CGM – decided to form a grand alliance, named P3 Network, by the second quarter of 2014. However, the alliance is subject to regulatory and government approval.The alliance would pool the vessels of the three companies, equivalent to 15 per cent of glob
Care Ratings expect 25 bps cut in repo rate by RBI
In an analyst note, Care Ratings said it expects Reserve Bank of India (RBI) to reduce repo rate by 0.25 per cent at the mid-term monetary policy review on June 17. In its May policy review, RBI cut the repo rate by 0.25 per cent and maintained that scope to further slash the short-term rate is
RBI to take policy decision based on macroeconomy
The Reserve Bank of India (RBI) Governor Duvvuri Subbarao informed that the central bank would consider macro economic factors and "more importantly" the current account deficit before taking monetary policy stance. He attributed the depreciation of the Indian rupee to high current account deficit. The said deficit rose to a reco
RBI to take policy decision based on macroeconomy
The Reserve Bank of India (RBI) Governor Duvvuri Subbarao informed that the central bank would consider macro economic factors and "more importantly" the current account deficit before taking monetary policy stance. He attributed the depreciation of the Indian rupee to high current account deficit. The said deficit rose to a reco
SCI raises container freight rates
Starting February 2013, Shipping Corporation of India (SCI) decided to raise the freight rate on container cargo by 300 per Twenty Foot Equivalent Unit (TEU). The company raised the rate for ISE Service (Indian Subcontinent to Europe) applicable for the shipments from Indian Sub-continent to Europe, Mediterranean, Black Sea & Red Sea