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reserve bank of india rbi

Now, RBI puts CRR and bond sale into play

Inflation has stayed above the Reserve Bank of India’s (RBI) target of 4% for the past three months (Photo: Reuters). MUMBAI: RBI has tightened daily cash reserve requirements for banks, impounding an additional Rs 1 lakh crore, and has announced a Rs 25,000 crore bond sale, moves that will drain liquidity from the banking system...
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Bank earnings, ASML and TSMC

CNBC’s Jim Cramer on Friday said the start of earnings season next week will give investors a clearer picture of corporate performance and the strength of the artificial intelligence trade. “No more guesswork,” the “Mad Money” host said. “We’re about to go into the wide world of earnings season, so we don’t need to hang...
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Chemists, wholesalers may need government nod to advertise prescription drugs | India News

NEW DELHI: Chemists, wholesalers and drug distributors may soon have to seek Centre’s approval before advertising certain prescription medicines, with health ministry proposing to extend existing curbs on advertisements of Schedule H, H1 and X drugs to those involved in their sale and distribution.The proposal assumes significance as regulators have raised concerns over promotion of...
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Forex reserves fall by $13bn to $734.6bn

MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The...
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States to assess GDP through spending method

NEW DELHI: For decades, a state’s growth was measured by relying only on the production approach, or by gauging what factories, farms, and services within its borders produced. That model is now set for an overhaul, as the statistics ministry unveiled a new manual to compute state GDP via expenditure approach — by tracking household...
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NEET cancellation exposed NTA gaps: Parliamentary panel | India News

NEW DELHI: Seeking a sweeping overhaul of NTA after the NEET-UG 2026 question paper was leaked despite biometric checks, jammers and AI-monitored CCTVs, a Parliamentary panel has recommended making the medical entrance exam computer-based, creation of secure question banks and investment of NTA’s accumulated surplus in govt-run test centres.The parliamentary standing committee on education, chaired...
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Bank credit up 20% year-on-year in end September

MUMBAI: Banks concluded the first half of FY27 with an acceleration in balance-sheet expansion, as year-on-year credit growth climbed to 19.4% and aggregate deposit growth reached 17.8%, leaving the credit-to-deposit ratio at 81%.Total bank credit stood at over Rs 229.9 lakh crore as of Sept 30, while aggregate deposits reached about Rs 284 lakh crore....
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