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Death toll rises to six in Muzaffarpur hospital fire tragedy

Muzaffarpur: The toll in the hospital fire tragedy in Bihar's Muzaffarpur rose to six with one of the patients taken out from the smoke-filled ICU breathing his last, an official said Friday. The patient died at another health facility, he said. Muzaffarpur District Magistrate Subrat...

Sanjay Malhotra named new RBI Governor as Shaktikanta Das’ term ends

India’s forex reserves at healthy $682 bn: RBI Governor

Mumbai: Reserve Bank Governor Sanjay Malhotra Friday said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said while announcing the second bi-monthly...

RBI

RBI hikes FY27 inflation outlook to 5.1%

Mumbai: Reserve Bank Friday projected the retail inflation for 2026-27 at 5.1 per cent, higher from its earlier estimate of 4.6 per cent, largely due to mounting input costs, triggered by the pass-through of higher global energy prices to retail rates of petrol and diesel....

RBI hikes equity investment limits for NRIs, OCIs

Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual...

Govt exempts foreign G-sec investments from capital gains tax

New Delhi: In a bid to attract dollar inflow, the government has scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities through an Ordinance issued Friday. The Ordinance has brought changes in the Income Tax Act to provide...

 

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