In the last two years, the finance ministry has ushered in a set of public financial management reforms that aim at better cash management and best value realisation for every rupee spent by the government.
SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.
Spot gold fell 0.3% to $1,796.71 per ounce, as of 0247 GMT, after hitting its highest since Aug. 10 at $1,804.46 earlier in the session. US gold futures were down 0.2% at $1,810.70.
The agreement still needs approval from all EU governments in a written procedure by Friday. Poland, which had pushed for the cap to be as low as possible, had as of Thursday evening not confirmed if it would support the deal, an EU diplomat said.
A three-day meeting of the central bank's monetary policy committee is scheduled for December 5-7. Besides its rate move, the meeting will be closely watched for RBI's growth projection, which currently stands at 7% for 2022-23.
Asian shares were flat and Treasuries held onto gains on Friday ahead of the US non-farm payrolls data, the next big test for investors looking for more signs of a shift from the Federal Reserve, while the dollar nursed heavy losses.
Tata Play, in which Tata Sons owns 62.2%, plans to raise Rs 2,500 crore from the primary market in what will be the first IPO from the Tata Group's stable in close to two decades. The last time the group hit the primary market was through TCS in 2004. Tata Play submitted the IPO document to Sebi, BSE and NSE on November 30.
Central audit teams are visiting 1,360 gram panchayats to examine whether the works undertaken were as per MGNREGA guidelines laid down by the Centre, assets created followed set standards and whether there was any connivance at the panchayat level to siphon off central funds.