Photo used for representational purpose only. S&P expected the Reserve Bank of India to raise its already high policy rate further following a recent upside surprise to inflation. File | Photo Credit: Sushil Kumar Verma S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6% in the fiscal year starting […]
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Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2023-24, in Jaipur on February 20, 2023. | Photo Credit: PTI The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the Finance […]
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Multiple headwinds at varied points of time impacted the Indian economy’s thorough economic revival in the calendar year 2022. The year started with the threat emanating from the Omicron variant which settled towards the later end of the succeeding month. This was followed by the Russian actions in Ukraine and the ensuing disturbances in global […]
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Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Winter Session of the Parliament, in New Delhi, on December 21, 2022. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on December 21 said the government is keeping an eye on inflation which is purely “extraneous” nowadays because of the fuel and fertilizer prices. […]
Continue ReadingImage used for representational purposes only. | Photo Credit: AFP India played a major role in the four-day Asia Pacific Regional Meeting of the International Labour Organisation (APRM of ILO), which concluded here on Friday, by intervening in various discussions on the report by ILO Director-General Gilbert F. Houngbo. Union Labour Secretary and Vice Chairperson […]
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The Reserve Bank of India (RBI) on Wednesday raised the policy repo rate by 35 basis points (bps) to 6.25%, downshifting gears from consecutive increases of 50 bps, and scaled down GDP growth hopes for the year to 6.8% from 7%, even as Governor Shaktikanta Das exuded confidence about the economy being resilient and asserted […]
Continue ReadingFormer Niti Aayog vice-chairman Rajiv Kumar. File | Photo Credit: Sandeep Saxena India will still grow at 6%-7% in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Mr. Kumar further said […]
Continue ReadingFormer Niti Aayog vice-chairman Rajiv Kumar. File | Photo Credit: Sandeep Saxena India will still grow at 6%-7% in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Mr. Kumar further said […]
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Tobias Adrian said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target Tobias Adrian said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target The International Monetary Fund (IMF) on Tuesday praised the […]
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India’s inflation is at a manageable level and the Reserve Bank of India’s latest monetary policy which included a 50 basis points hike in interest rates, have sent a “very positive message in the market”, Finance Minister Nirmala Sitharaman said on Saturday. Over 70% of the foreign portfolio investors (FPIs) who had left the Indian […]
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