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Latest Articles in urjit patel

GST To Lower Overall Tax Burden Over Time: RBI Governor

With a four-rate structure, GST will come into force from the midnight of June 30. Except J&K, all the states have passed enabling laws for its implementation.

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No Premature Policy Action; RBI To Wait For More Data: Patel

RBI Governor Urjit Patel had argued for avoiding "premature policy action" and waiting for more inflation data at the meeting of the interest rate setting panel earlier this month

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Punjab To Forgive Over $1.5 Billion In Farm Debts

The South Asian nation is carrying a huge inventory of food grains from last year's record harvest, while exports have been hit by an appreciating rupee, falling global prices and restrictions on overseas shipments.

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RBI May Ease Rates, Hinting Banks To Cut Lending Rates: BofAML

According to Bank of America Merrill Lynch, further delays in RBI rate cuts will likely endanger the much-needed bank lending rate cut before the busy industrial season.

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Expert Views: RBI Keeps Repo Rate On Hold, Cuts Inflation Projections

India's central bank kept its key interest rate unchanged at 6.25 percent on Wednesday, as widely expected, while lowering projections for inflation and striking a somewhat less hawkish tone in a policy statement

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Farm Loan Waivers Risk Fiscal Slippages, Inflation: RBI

The Reserve Bank warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk spurring inflation

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MPC Meet Begins; RBI Likely To Hold Policy Rate

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its 2-day meeting amid experts saying that the central bank is likely to hold key rates even as the government is making a case for a lower interest regime citing low inflation

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FM Makes Case For Rate Cut; Experts Say RBI May Wait For GST

Retail inflation, based on Consumer Price Index (CPI), dropped to multi-year low at 2.99 per cent in April over last year, mainly due to lower cost of food items, including pulses and vegetables.

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Under Governor Urjit Patel, Reserve Bank Zooms In On 4 Per Cent Inflation Target

Under Governor Urjit Patel, the Reserve Bank of India will target inflation of 4 per cent, three officials familiar with its thinking said, adopting a narrower reading of its mandate than markets in a bid to stamp out rampant price rises of the past

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Protectionism In US, Europe A Bit Worrisome: ADB

The Asian Development Bank on Wednesday said the emerging orientation in the US and Europe for protectionism on trade is "worrisome" but not realistic enough to break the global economy

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Public Sector Banks Merger Could Help Banking System, Says RBI Governor Urjit Patel

RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets

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Where Would Apple, IBM Be If Not For Talent From Across Globe, Says RBI Governor Urjit Patel

Cautioning against protectionism, RBI Governor Urjit Patel has said where would giant American corporations like Apple, Cisco and IBM be if they had not sourced the best products and talent from across the world.

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Parliamentary Panel Calls Reserve Bank Governor Urjit Patel Again On Note Ban Issue

RBI Governor Urjit Patel has been asked by a parliamentary panel to appear before it again on May 25 over demonetisation issue after former prime minister Manmohan Singh prevailed over BJP MPs in the panel to call him

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