-The Times of India NEW DELHI: Retail inflation dipped to a record low in June on the back of sliding food prices, while industrial output growth slowed in May as manufacturing remained sluggish, mounting pressure on the RBI to cut interest rates when it reviews monetary policy on August 2. Data released by the Central Statistics Office (CSO) on Wednesday showed retail inflation, as measured by the consumer price index (CPI), rose...
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Parliamentary panel to question RBI Governor Urjit Patel on demonetisation today
-The Indian Express The panel members have planned to ask Urjit Patel questions regarding RBI's preparedness for digital transition. They will also question about how much money has come back into the system after the November 8 decision to place the existing currency notes of Rs 1000. Reserve Bank of India (RBI) Governor Urjit Patel will appear before the Parliamentary panel on Wednesday to respond to clarifications demanded by the panel on...
More »IRDAI issues new norms for mediclaim policies -Rachel Chitra
-The Times of India CHENNAI: Many customers only realise at the time of making a claim that their health insurance policy does not cover certain medical conditions or ailment. Policy holders usually depend on what has been told to them by their insurance agents, who sometimes overstate the coverage. To prevent such cases, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to group together all policy exclusions...
More »Domestic help beaten: Separate exits, separate lifts, same story in Noida, Gurgaon -Sakshi Dayal & Aditi Vatsa
-The Indian Express “It doesn’t feel good to be forced to use the lift which residents don’t use. What is it about us that makes them not want to see us? But then, that is just the cost of doing the work we do and not being able to afford flats like these,” said Mohammad Shaafi, who works there. Noida/ Gurgaon: From separate elevators to different exits — domestic helps working in...
More »Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh
-The Hindu Business Line Remonetisation taking place at a good pace, RBI Governor tells House panel New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done. Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by...
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