Reserve Bank of India (RBI) Governor Shaktikanta Das attributed Q1 dip to a temporary reduction in government spending due to the Lok Sabha elections
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The apex bank decided to withdraw the Rs 2000 denomination banknotes on 19 May 2023, when the total value of such banknotes was Rs 3.56 lakh at the close of business on that date
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As per the data from the Reserve Bank of India, the aggregate sales growth of the listed private non-financial companies stood at 6.9 per cent YoY during the quarter
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At the beginning of the month, on 2 August 2024, the banking liquidity was at Rs 2.56 lakh crore which has reduced to Rs 1.55 lakh crore on 16th August and now at Rs 0.95 lakh crore on 28 August
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The Reserve Bank of India (RBI) Governor states that Digital Public Infrastructure (DPI) has enabled India to achieve in less than a decade levels of financial inclusion that would have otherwise taken several decades or even more
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This is a significant improvement over the previous system where there was a delay of one or two working days for the funds to be transferred
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Since half of the MPC members retire after this meeting, a couple after the next. The markets would look for a proactive announcement of the incoming members, much before their term starts, writes the author
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The repo rate, which has been maintained at 6.5 per cent since it was last increased in February 2023, is widely expected by experts to remain unchanged for the ninth consecutive bi-monthly policy review
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Ind-Ra’s growth estimate is higher than the Reserve Bank of India’s forecast of 7.2 per cent. The economic survey of the Finance Ministry also expects the GDP to grow at 6.5 to 7 per cent for the year
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Prolonged high rates are likely to weigh on the gross domestic product (GDP) growth this fiscal, according to the report
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