Delhi L-G okays 11 officials suspension for lapses in excise policy: Report

Lieutenant Governor V K Saxena has approved the suspension of 11 officials over “serious lapses” in the implementation of the Excise Policy 2021-22, sources said on Saturday. The suspended officials include then Delhi excise commissioner Arava Gopi Krishna and deputy excise commissioner Anand Kumar Tiwari, they said. Krishna, a 2012 batch … Read more

RBI Monetary Policy 2022: RBI MPC, Key points, changes and Repo Rate history

The Reserve Bank of India announced renewed rate hikes in the August 2022 Monetary Policy committee review. The repo rate was hiked by 50 bps to 5.40 per cent. The RBI Governor Shaktikanta Das stated that inflation is a primary concern, and stressed that in the near term will be observing a … Read more

Top Headlines: RBI policy review today, Sebi orders audit of FRL, and more

On August 5, the Reserve Bank of India (RBI) is expected to announce another rate hike as it plays catch up with other central banks to contain inflation and protect against further rupee depreciation. Ahead of the RBI MPC’s statement on Friday, while market participants are certain about a rate hike, there are also … Read more

Companies raise funds via CP to lock in lower rates ahead of RBI policy

Ahead of the Reserve Bank of India’s (RBI) monetary policy, most companies are rushing to short-term debt market to raise funds through commercial papers to lock-in lower rates because after policy announcement they expect rates on these instruments to rise further. According to the data compiled from market sources, … Read more

No proposal to withdraw flexi fare policy, says Railway Minister Vaishnaw

Railway Minister Ashwini Vaishnav on Wednesday said that no changes will be made in the flexi fare policy in the coming times. The flexi fare system was introduced in Rajdhani, Duronto and Shatabdi trains with effect from September 9, 2016. Under this system, the basic fare increases by 10 per cent for every 10 … Read more

Gurugram liquor shops see hike in sales amid excise policy row in Delhi

Liquor vends in Gurugram reported 2-3 per cent rise in sales as Delhi faced a “dry day” like situation with all private liquor shops and bars remaining closed on Monday. Despite the one-month extension announced by the Delhi government, the liquor vends kept shutters down and no alcohol could be served in … Read more

Wells Fargo reinstates diverse slate hiring policy following June pause

(Reuters) — Wells Fargo & Co. reinstated a hiring policy that requires recruiters to interview a diverse pool of candidates nearly two months after its suspension in June, the bank said on Monday. The U.S. bank had paused the hiring policy in June after the New York Times reported such interviews were often fake and … Read more

RBI Policy: How has inflation fared since the last monetary policy meeting?

The Reserve Bank of India (RBI) will hold its Monetary Policy Committee (MPC) meeting from August 3 to 5. The policy decisions will most likely be announced on Friday, August 5, by the RBI governor, Shaktikanta Das. According to experts, as quoted in a Business Standard report, the RBI might hike the … Read more

Delhiites likely to face liquor shortage as govt withdraws excise policy

Delhi is staring at a major liquor shortage in the coming days with private wine and beer stores going to shut shop from August 1 after Kejriwal government’s decision to withdraw it’s new Excise policy 20221-22. The 468 private liquor shops operating in the city will be shut from August 1 as … Read more