Shaktikanta Das's appointment will be "co-terminus" with the term of the prime minister or until further orders, said a government release.

Ex-CEO of New India Co-Op Bank arrested in ₹122 crore embezzlement case

India’s central bank RBI did not accept any bids for 91 and 182-day treasury bills in an auction Thursday amid a cash squeeze in the nation’s banking system.

Sitharaman had announced an income tax reform, allowing zero income tax for those earning up to ₹12 lakh. The RBI then announced a 25 bps repo rate cut

The huge transfer of funds will help the government to narrow its fiscal deficit to 4.4 per cent of the GDP.