An Indian policeman walks through the RBI head office in Mumbai. Agence France-Presse
Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”
India’s foreign exchange reserves continued their upward trajectory during the week ended Dec.20 to touch a new record high. The Reserve Bank of India’s reserves rose by $456 million during the week under review, official data showed.
State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. The minimum investment for SBI would be Rs5,500 crore if it picks 26 per cent stake in Yes Bank.
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Group CEO of Adnoc, on Friday met virtually United States (US) Secretary of Energy, Jennifer Granholm,
China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
UK banks and insurers have shifted more than £1.0 trillion to the European Union in response to Brexit, a study published on Friday found. More than 440 firms operating in the UK banking and finance sector have relocated parts of their business,