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Friday, June 24, 2022

India’s Forex reserves down by USD 306 mn at USD 601.057 bn: RBI

June 12, 2022 6:37:18 am

In the previous week, the reserves had increased by USD 3.854 billion to USD 601.363 billion. It had risen by USD 4.23 billion to USD 597.509 billion in the week ended May 20.

Nirmala Sitharaman, disinvestment, government’s disinvestment programme, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Divestment not for shutting CPSEs, but for efficiency: FM

June 11, 2022 4:02:08 am

Highlighting that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards, the Minister said these companies have only improved.

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CERT-In may float portal for cybersecurity incidents

June 11, 2022 6:47:00 am

The meeting took place after CERT-In’s cybersecurity norms were met with pushback by stakeholders

Industrial production growth at 8-month high of 7.1% in April

June 11, 2022 1:08:06 am

On a sequential basis, industrial production recorded a decline of 9.2 per cent, with a contraction of 8.8 per cent in manufacturing output and 19.7 per cent contraction in mining output, the data showed.

After 2 years, Fitch raises India outlook to ‘stable’

June 11, 2022 12:27:32 am

Fitch Ratings kept the rating unchanged at 'BBB-'.

Cryptocurrency, Decentralised Finance, Chief Economic Advisor

More decentralisation would mean a ‘world of Caribbean pirates’, says Chief Economic Advisor Nageswaran

June 9, 2022 4:46:37 pm

When monetary policy becomes restrictive and higher interest rates are available from traditional instruments, it is not clear whether the innovations such as decentralised finance or cryptocurrencies will continue to thrive or not, says Chief Economic Advisor V Anantha Nageswaran

RBI doubles home loan limits of co-op banks

June 9, 2022 3:50:45 am

The RBI allowed urban cooperative banks to provide doorstep banking services to meet the needs of customers, especially senior citizens and differently abled persons.

RBI, RBI Governor Shaktikanta Das

As inflation pressure builds, RBI raises key rate by 50 bps, signals more hikes

June 9, 2022 5:38:04 am

The central bank has now raised the Repo rate by 90 basis points to 4.90 per cent in a matter of five weeks, with the hikes set to raise the lending rates in the banking system and impact the demand in the economy.

At over 7%, price rise likely to keep pinching till Sept: RBI

June 9, 2022 4:51:49 am

Reserve Bank of India Governor Shaktikanta Das bats for fuel VAT cut by states.

‘Fundamentals solid … enabling policies helped deal with Covid’

June 9, 2022 6:02:34 am

Speaking at Wednesday’s ‘India’s Economic Journey@75’ event, Finance Minister Nirmala Sitharaman said India, with its strong fundamentals, has periodically faced challenges and emerged from it.

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RBI hikes repo rate by 50 bps: Here’s how market analysts, economists, experts reacted

June 8, 2022 5:16:04 pm

The hike in RBI's key interest rates was largely anticipated and was mostly factored in the domestic stock market where the S&P BSE Sensex fell by a modest 214.85 points (0.39 per cent) to end at 54,892.49 while the Nifty 50 slipped to 60.10 points (2.29 per cent) to settle at 16,356.25. Here's how various market analysts, economists and experts reacted to RBI's rate hike.

RBI Monetary Policy Meet Live Updates: Repo rate hiked by 50 bps to 4.90%

June 8, 2022 11:13:06 am

RBI policy announcement today live updates: The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das hiked the repo rate by 50 bps to 4.90 per cent. Here's what the Indian central bank chief announced.

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Rate hike looms, bond yields spike to 3-year high

June 7, 2022 3:57:57 am

With Monday’s rise, 10-year bond yield has risen 147 basis points in the last one year. The rupee inched up 2 paise to close at 77.64 against the US dollar on Monday, tracking a weak American currency in the overseas market.

India’s economic slowdown pronounced, BJP has no answers: Rahul

June 6, 2022 4:53:22 pm

"Indian families are suffering from the onslaught of inflation and job loss and earning less per capita than they were two years ago," Gandhi said in a Facebook post.

Divestment: CPSEs to execute sale of Cabinet-cleared units

June 6, 2022 4:46:44 am

However, those transactions for which expression of interest (EoI) have been issued will continue to be handled by the Department of Investment and Public Asset Management (DIPAM), it added.

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Eye on return to pre-Covid rates: Markets brace for ‘no-brainer’ hike

June 6, 2022 7:47:24 am

RBI MPC likely to raise repo rate by up to 50 bps at upcoming meet

S&P Global India Services Purchasing Managers’ Index, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Demand offsets price rise, services PMI at 11-year high

June 4, 2022 5:56:58 am

The growth was led by substantial pick-up in new business growth amid demand recovering following the reopening of the economy after the Covid lockdowns.

Easing global food prices and promise of good monsoon give RBI elbow room ahead of MPC meeting

June 4, 2022 9:36:20 am

The UN Food and Agriculture Organisation's (FAO) food price index has fallen for a second consecutive month to 157.4 points in May.

Services activity expands at strongest rate in over 11 years in May amid mounting price pressures

June 3, 2022 4:53:07 pm

The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 58.9 in May, up from 57.9 in April, amid better underlying demand and strong inflows of new work.

Trillions at stake in India as women disappear from workforce

June 2, 2022 5:30:24 pm

According to research compiled by the World Bank between 2010 and 2020, the number of working women in India dropped from 26% to 19%.

SBI revises up FY23 economic growth forecast to 7.5%

June 2, 2022 2:00:39 pm

As per official data, the economy grew by 8.7 percent in FY22, net adding Rs 11.8 lakh crore in the year to Rs 147 lakh crore, the report said, adding this was however only 1.5 percent higher than the pre-pandemic year of FY20.

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GST revenues at nearly Rs 1.41 lakh crore in May

June 1, 2022 2:43:32 pm

Bucking the month-on-month increasing trend of the last two months, the Goods and Services Tax (GST) revenues came in lower than the record high collection in April at Rs 1.68 lakh crore.

Omicron hurts Q4, GDP grows 8.7% in FY22

June 1, 2022 2:15:33 am

India’s GDP grew at 8.7 per cent in the financial year 2021-22, while the GDP for the January-March quarter (Q4 of FY22) rose 4.1 per cent, data released by the National Statistical Office (NSO) showed.

Fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate: CGA

May 31, 2022 4:45:29 pm

The revenue deficit at the end of 2021-22 was 4.37 per cent.

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Govt, RBI steps to push down inflation: DEA

May 31, 2022 3:34:31 am

Retail inflation rate had surged to a eight-year high of 7.79 per cent in April and has remained above the central bank’s inflation target for four months.