Corporate

Govt balances with RBI decline

With the government increasing expenditure on payments to contractors for projects, its balances with RBI fell by Rs 16,346 crore in the week ended January 1. - Forex reserves up $22 million - Government sets up schedule to provide relief to accident victims - Web exclusive: Inclusive growth in the financial sector - Oil regulator seeks infra lending for CGD projs - Uco Bank posts 20.7% business growth in Q3 - ICICI-First Data look at 500,000 PoS terminals by 2015 According to RBI data, the government’s balance with the central bank stood at Rs 37,193 crore as of January 1. In the previous week, strong advance tax and excise duty collections led to a Rs 5,145-crore increase in the balance.

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