The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take it to a three-year high of 5.9%, say experts The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take […]
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India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7% from 7.2% earlier, citing higher than expected inflation […]
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Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman In a barely veiled signal to Mint Street, Finance Minister Nirmala Sitharaman said on Thursday that monetary policy tools like interest rate increases deployed by several central banks would not suffice […]
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“If you attribute States’ inflation to the Centre, then we need a way for Centre-States’ co-operation to handle price rise” “If you attribute States’ inflation to the Centre, then we need a way for Centre-States’ co-operation to handle price rise” Emphasising that it was unfair to blame the Centre for some States’ higher price levels, […]
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What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures? What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures? The story so far:India’s economy grew at a slower-than-expected 13.5% in the first quarter of […]
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Retail inflation rate has remained above RBI’s upper tolerance limit for 7 straight months Retail inflation rate has remained above RBI’s upper tolerance limit for 7 straight months India’s strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out […]
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The agency said it expects India’s continued strong economic growth to positively affect companies’ revenues The agency said it expects India’s continued strong economic growth to positively affect companies’ revenues Companies and banks in India could feel the bite of rising rates and inflation, but rated firms are better cushioned to withstand the pressure, S&P […]
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Wholesale Price Inflation moderated to a five-month low of 13.93% in July from 15.18% in June, driven by a lower pace of price rise for primary products, food items, and manufactured products, even though fuel and power inflation resurged from 40.38% in June to 43.75% in July. This is the 16th month in a row […]
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From IC-814 to Pulwama, India-U.S. proposal lists Rauf Asghar role in every JeM terror attack Rauf Asghar, the brother of Jaish-e-Mohammad (JeM) chief Masood Azhar, organised, planned and executed the IC-814 hijacking in December 1999 that finally ended after the Vajpayee government agreed to release his brother Masood Azhar and two other major terrorists, India and […]
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“Inflation is making it difficult for people, especially in rural areas, to save more and allocate to gold,” Somasundaram P. R., regional chief executive officer of WGC’s Indian operations, said. “Inflation is making it difficult for people, especially in rural areas, to save more and allocate to gold,” Somasundaram P. R., regional chief executive officer […]
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