Thu, Apr 27, 2017 | updated 03:03 AM IST

DBS backs appointment of new RBI Gov, says India has 'voted for policy continuity'

Updated: Aug 22, 2016 14:34 IST      
DBS backs appointment of new RBI Gov, says India has 'voted for policy continuity'

New Delhi, Aug. 22 (ANI): The Development Bank of Singapore (DBS) today said that the Indian Government has voted for status quo, policy continuity and macro-stability with the appointment of Urjit Patel as the successor to RBI Governor Raghuram Rajan.

"This is the second instance after the decision to retain the inflation target of four percent (+/-2 percent range), where the government has demonstrated that inflation will remain a policy priority," reported DBS.

In 2014, Patel was the chief architect of a report on the monetary policy framework in January. Therein he recommended a shift to flexible inflation-targeting, move to a medium-term target of four percent (+/-2 percent range) within 12-24 months and the need to maintain positive real rates, said DBS in its daily regional market commentary.

Patel, the media-shy Deputy Governor of the RBI, is all set to take over as the Governor at the 81-year-old institution on September 4. (ANI)

New Delhi [India], Apr 26 (ANI): Emaar India, the iconic brand and leading global property developer, has received the Occupancy Certificate for its LEED-certified Integrated IT Park Complex Digital Greens, located in Sector 61, Gurgaon.

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Yahoo India homepage gets brand new look

Updated: Apr 26, 2017 15:59 IST     

New Delhi [India], Apr 26 (ANI-BusinessWireIndia): We're excited to announce the new Yahoo Homepage, along with updates to Yahoo Finance, Yahoo Cricket and Yahoo Lifestylefor users in India.

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New Delhi [India], Apr 26 (ANI): Expanding its horizons, Capillary Technologies announces the initiation of its first technology team overseas, with Tony Wang as its newly appointed Director of Technology.

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New Delhi [India], Apr 26 (ANI-BusinessWireIndia): CSS Corp, a leading IT Services and Technology Support company, today announced the opening of its new global delivery centre in International Tech Park (ITPB), Bangalore to house the company's expanding Infrastructure Management and Tech Support Business.

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New Delhi [India], Apr 26 (ANI): India's leading Bitcoin and Blockchain company Unocoin on Wednesday announced taking a step closer towards a frictionless experience in buying Bitcoin for Indians.

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No plans to impose tax on agriculture income: Jaitley

Updated: Apr 26, 2017 13:52 IST     

New Delhi [India], Apr 26 (ANI): Union Finance Minister Arun Jaitley on Wednesday asserted that that the Centre has no plans to impose any tax on agriculture income, while acknowledging that as per the Constitutional Allocation of Powers, the central government has no jurisdiction to impose tax on agricultural income.

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New Delhi [India], Apr 26 (ANI-NewsVoir): UCWeb, part of Alibaba Mobile Business Group, has outlined detailed guidelines for writers and content creators to join the 'Super 1000' Program launched in March 2017.

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New Delhi [India], Apr 26 (ANI): The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.

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New Delhi [India], Apr 26 (ANI-NewsVoir): Delhi has another reason to rejoice as this year, the prestigious Dada Saheb Falke Excellence Award has been bestowed for best Video album of the year to Rajeev Kapur and Sweety Kapur starrer Sath Mere - Love Never ends.

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New Delhi [India], Apr 26 (ANI): The market on Wednesday witnessed a surge in the Indian rupee in its initial gains and breached the 64 mark against the US dollar.

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e-SOT, e-PRAN cards launched for Atal Pension Yojana users

Updated: Apr 25, 2017 18:16 IST     

New Delhi [India], Apr 25 (ANI): To benefit and digitally empower over 45 lacs Atal Pension Yojana (APY) subscribers, the facility of online viewing of the statement of transaction (e-SOT) and e-PRAN cards were launched on Tuesday.

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New Delhi [India], Apr 25 (ANI-NewsVoir): CFA Society India, one of the 147 CFA Institute member societies, jointly hosted its annual Putting Investors First event 'Rethinking Financial Services for Millennials' in association with the Institute of Chartered Accountants of India (ICAI) and National Securities Depository Limited (NSDL).

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New Delhi [India], Apr 25 (ANI-NewsVoir): India's largest financial marketplace for loans and credit cards Paisabazaar.com on Tuesday announced a first of its kind strategic partnership with YES BANK, India's fifth largest private sector bank.

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New Delhi [India], Apr 25 (ANI-NewsVoir): Delhi NCR residents can look forward to more bespoke travel experiences with Wanderers' Footprints Travel Boutique opening its first office in the Indirapuram area.

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