Page 1264 - Economy & Policy News

Air India deal: Tatas back in the cockpit after decades of resistance

The group has been battling fierce opposition from other airlines and politicians since the 1990s

Nitin Gadkari emphasises on reducing logistics costs below 10%

The road transport and highways minister said it has been planned to construct 25,000 km of national highways within the next two years.

India will be among top 5 bio-manufacturing hubs by 2025: Jitendra Singh

He was speaking here after releasing the Genetic Version of Indian rice and chickpea (DNA panArray) developed by National Institute of Plant Genome Research (NIPGR).

Auction process for 40 new coal mines to begin next week: Govt

The government on Friday said it will begin next week the next round of auction process for 40 new blocks for the sale of coal

K V Subramanian steps down as govt's chief economic adviser

He took over from Arvind Subramanian who had left due to personal reasons in June 2018

Economists, analysts see clear tapering signals in RBI moves

Economists and analysts are unanimous that the Reserve Bank has embarked on the long road to policy normalisation

Tata Sons makes winning bid of Rs 18,000 cr for Air India: Govt

The bid got approved by a group of ministers headed by Home Minister Amit Shah on October 4, said DIPAM Secretary

India expected to grow by 8.3% in 2021-22: World Bank

South Asia's average annual growth is forecast to be 3.4 per cent over 2020-23

Jharkhand, Bihar, Rajasthan suffer most power cuts as coal stocks shrink

Energy supplies are under strain globally as prices surge and demand and supply chains are strained by the recovery of consumption

RBI to manage liquidity in non-disruptive manner: RBI Governor

As part of the liquidity management, Das said the need for undertaking further G-Sec Acquisition Programme (G-SAP) operations at this juncture does not arise

India becoming $5 trn economy by 2025 'impossible' due to Covid: Rangarajan

The country needs to grow at nine per cent per annum for the next five years in order to achieve the feat, former Reserve Bank Governor C Rangarajan said

Reserve Bank retains economic growth forecast at 9.5% for FY '22

RBI retained the GDP forecast for the current financial year at 9.5 per cent and flagged semiconductor shortages, elevated commodity prices and potential global market volatility as downside risks

Shaktikanta Das continues to sound dovish, but hints at normalisation

The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn

Select NBFCs to now have internal ombudsman on lines of banks: RBI Guv Das

With the objective of upping customer experience, the Reserve Bank on Friday announced an internal ombudsman scheme (IOS) to redress grievances at select non-banking finance companies (NBFCs)

RBI keeps rates on hold to support recovery, 'sail towards normal times'

Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%

India's central bank keeps rates on hold to support economic recovery

RBI's key lending rate or the repo rate was held steady at 4% while the reverse repo rate or the borrowing rate also stayed unchanged at 3.35%

RBI has just about started a gradual liquidity reversal process

There will not be any shock to the market, with the calendar being drawn out.

RBI governor says no need for further bond-buying, signals policy taper

RBI bought 2.2 trillion rupees of bonds through Government Securities Acquisition Programme, or GSAP, in previous two quarters.

For Indian junk bonds, it's love in the time of China's Evergrande crisis

For investors wary of China, looking at India makes sense but the extra dollars arrive with a cost.

Fitch cuts GDP growth projections to 8.7% for FY22 from 10% earlier

A day ahead of policy review, it expects RBI to hold policy rates during FY22