Page 1209 - Economy & Policy News

All equipment to power 5G rollout being procured from trusted sources: Govt

All equipment, components and systems to power India's 5G rollout have been procured from "trusted sources", Union Minister for Communications Ashwini Vaishnaw told Lok Sabha on Wednesday

Recovering economy not immune to global spillovers: RBI Governor

Reserve Bank's Governor Shaktikanta Das on Wednesday said that India's economy is on the path of recovery.

Low interest rate regime on home loans to continue: Realtors on RBI policy

Realtors welcomed the Reserve Bank's decision to keep key policy rates unchanged

RBI to soon float paper on reasonableness of charges on digital payments

UPI is the single largest retail payment system in the country in terms of volume of transactions

RBI Policy: Subtle shift in growth-inflation balance

We foresee hikes of 25 bps each in the repo and reverse repo rates each in the April 2022 and June 2022 reviews

Mobile industry vital for India to be $5 trn economy by 2025: K M Birla

The mobile industry will play a "vital" role in India's vision to be a $5 trillion economy by 2025, of which $1 trillion will be the contribution from digital economy, Aditya Birla Group Chairman said

RBI Monetary policy highlights: Lending rates unchanged amid Omicron scare

RBI Monetary policy LIVE updates: RBI announcement comes amid the threat surrounding Omicron coronavirus variant. Stay tuned for all the LIVE updates

Omicron impact concern forces RBI to keep reverse repo rate unchanged

Variable rate reverse repo auction seems to be the central bank's mode to fine tune excess liquidity.

Banks can infuse capital in overseas branches without RBI approval

RBI said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval

Reserve Bank retains GDP growth forecast for current fiscal year at 9.5%

RBI retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough

Retail inflation expected to be around 5.3% during FY22: Reserve Bank

The Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.

RBI leaves key rates on hold amid Omicron risks; analysts weigh in

The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%

RBI leaves rates unchanged, says economy better prepared to deal with Covid

Central bank maintains FY22 GDP forecast at 9.5 per cent and projected retail inflation to be at 5.3 per cent.

Solar-based lift irrigation to be implemented across Jharkhand: Agri secy

Renewable energy based lift irrigation schemes will prove to be a game-changer for the agriculture sector in Jharkhand

Fitch cuts India GDP forecast for FY22 to 8.4% in Nov from 8.7% in Oct

However, Fitch raised GDP growth projection for the next financial year to 10.3 per cent

Union Budget should create enabling environment to sustain growth: CII

Sharing its recommendations for the forthcoming Union Budget 2022-23, the CII urged the Centre to continue its investment focus and enhance capital expenditure to promote growth in the economy

Digital banking push turned into pull factor: Former SBI Chairman

Digitisation of banking services in India, which started as a "push", has now turned into a "pull" factor, State Bank of India's ex-Chairman Rajnish Kumar said

Revenue of road construction to grow by 15% in FY22: Crisil Ratings

Strong order execution will swell the revenue of road engineering, procurement and construction (EPC) companies by 15 per cent this fiscal, said Crisil Ratings.

India 'poor and very unequal' with affluent elite: World Inequality Report

Fruits of economic reforms monopolised by the elite: World Inequality Report

RBI retains three-member Advisory Committee of Reliance Capital

A day after NCLT admitted RBI's petition for insolvency resolution of Reliance Capital, the central bank on Tuesday said it has retained the three-member Advisory Committee to assist the newly appointed administrator of the crisis-ridden NBFC.