Page 376 - Economy & Policy News

Last mile journey to 4% inflation target is sticky: RBI Governor Das

Even the high rates of growth are enabling us to catch up with that level. So, no, signs of over- heating. On rate hikes being off the table, nothing is off the table.

Retail inflation for industrial workers declines to 3.87% in April

"Year-on-year inflation for the month of March, 2024 stood at 4.20% as compared to 5.79 % in March, 2023," a labour ministry statement said

Discrepancies in bids: Govt may give two weeks to ACC PLI applicants

The discrepancy in the bids has caused the government to miss its target of completing the bidding process within a month of declaring the technical bidders

Tax origin not suitable measure for budgetary devolution to states: Study

Amongst the major states, an increase in the share of tax devolution over this period was observed in Chhattisgarh, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, and West Bengal

Here's how industry leaders reacted to the RBI's June MPC decisions

The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent

India's medium-term fiscal consolidation may get more challenging: Fitch

"Our expectation is that the government will look to achieve the 4.5% fiscal deficit target by 2025-26," Jeremy Zook, director - Asia-Pacific sovereigns at Fitch told Reuters in an interview

RBI will act only if inflation stays put at 4%, says Governor Das

The RBI is capable of handling the additional fund flows that will come in because of the country's inclusion in the J P Morgan bond indices, Das said

RBI likely to reduce key repo rate when inflation stabilises: India Inc

The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook

Decoded: Why does the RBI keep gold abroad and why has it got some back?

With the transfer of around 100 metric tonnes of gold from the UK last week, India's gold reserves are now evenly distributed, with 400 tonnes each in India and abroad

AAR rules 18% GST on infant food containing milk, other ingredients

Rajasthan authority for advance rulings observed that the primary product manufactured by the company is infant milk formula which includes cereals and protein supplements

RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor

RBI MPC Meeting highlights: RBI Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% for the eight consecutive time and will continue with its stance of 'withdrawal of accommodation.'

RBI brings gold reserve to India; nothing more should be read into it: Das

The quantum of gold stored outside was static for a long time, Reserve Bank of India Governor Das said here

Voices for interest rate cut growing within RBI's rate-setting panel

Reserve Bank's monetary policy committee voted for a status quo in repo rate with four members voting in favour and two against

RBI monetary policy: FY25 growth forecast revised to 7.2%, up from 7%

Monetary Policy Committee keeps repo rate unchanged at 6.50% for an eighth straight policy meeting

Assessing need for more measures to slow unsecured lending: RBI Guv Das

The Reserve Bank of India has warned lenders against "all forms of exuberance" due to worries about the rising risks

Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC

The decision to maintain the repo rate and raise the GDP forecast was made during the Monetary Policy Committee meeting held between June 5 and June 7

Forex reserves hit record high of $651.5 bn as of May 31: RBI Governor

Overall, we remain confident of meeting our external financing requirements comfortably, he says

RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast: Details here

The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent

RBI monetary policy: When and where to watch the governor's announcement?

RBI Monetary Policy Committee meeting LIVE updates: Economists expect the central bank to maintain the repo rate at 6.5 per cent for the eighth consecutive time

CCI draft regulations: Company commitments to be closely watched

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