News Digest: RBI cuts growth forecast, Modi slams UPA over GDP, and more
From Govt keeping oil excise hike option open to investment by foreign telcos going up, BS brings you up to date with latest news
 "News Digest: RBI cuts growth forecast, Modi slams UPA over GDP, and more")
premium
RBI cuts growth forecast
The Reserve Bank of India (RBI) kept its policy rates unchanged on Wednesday, revised its inflation forecast for the second half of the fiscal year, and lowered the growth forecast sharply, while asking the government not to be too ambitious with its fiscal stimulus package. Read more
Economy on right track: PM Modi
Also Read
Prime Minister Narendra Modi on Wednesday lambasted the critics of his government’s economic policies and expressed commitment to carrying out further reforms to reverse the trend of declining GDP (gross domestic product) growth. Read more
Loan pricing via external benchmark likely soon
The Reserve Bank of India pulled up lenders for keeping interest rates on loans at a higher level and said it would make another system to fix rates for such loans. Read more
Govt keeps oil excise hike option open
A day after the Union government cut the excise duty on petrol and diesel by Rs 2 a litre, a senior finance ministry official hinted on Wednesday that the levy could be hiked to the previous level once global crude oil prices cool down. Read more
Investment by foreign telcos goes up in smoke
Russia’s Sistema invested Rs 22,767.5 cr, but the value of its 10 per cent stake in RCom, with which it has merged, is just over Rs 400 crore. Read more
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%