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RBI Governor Raghuram Rajan on Tuesday said, it is open to the merger of banks and wants them to decide where more value can be added.

SG Mohan Parasaran has in an opinion submitted to the Union government told, the AAP government in Delhi had no power to file an FIR alleging collusion between officials of the Central government and Reliance Industries Limited. However, Solicitor General Mohan Parasaran suggests the Union government move court to quash it instead of leaving the issue to Delhi's lieutenant governor to deal with it.

RBI repo rate - On Tuesday, The Reserve Bank of India left its policy interest rate unchanged as expected, and said it doesn't expect further near-term policy tightening if headline inflation continues to ease towards the bank's targeted level.