Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
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Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: Finmin data -Shishir Sinha
-The Hindu Business Line Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman Scheduled commercial banks have recovered just 13 per cent of the total write-off in the last five years, Finance Ministry data presented in the Rajya Sabha on Tuesday showed. In response to two separate questions on the issue, the Ministry presented data on write-off and recovery. “As per inputs received from RBI, SCBs (schedule commercial bank) wrote-off an...
More »SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha
-India Today Attorney General of India R Venkataramani informed the Apex court that nothing was being hidden and the information, if asked by the court, would be provided. The Supreme Court on Monday inquired into the number of members present in the RBI’s Central Board meeting that decided to make the recommendation regarding the demonetisation of 500 and 1000 rupee currency notes in 2016. A 5-judge Constitution Bench orally asked counsel for the...
More »‘Did RBI inform govt of impact on circulation?’: SC asks govt on demonetisation -Abraham Thomas
-Hindustan Times Under the Reserve Bank of India (RBI) Act Section 26(2), a recommendation by the RBI’s Central Board precedes any decision to demonetise any series of currency notes. The Supreme Court on Friday asked the central government if the Reserve Bank of India (RBI) had informed it that demonetisation will result in the withdrawal of over 86% currency in circulation. Making a query to the Centre as part of its consideration of...
More »WPI inflation rises to 14.55% in March, completes one year in double-digit territory
-MoneyControl.com The rise in wholesale inflation in March to a four-month high comes after data released on April 12 showed the more closely-tracked headline retail inflation rate jumped to a 17-month high of 6.95 percent last month India's inflation based on the Wholesale Price Index (WPI) rose to a four-month high of 14.55 percent in March from 13.11 percent in February, according to data released by the commerce ministry on April 18. The...
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