Page 89 - Reserve Bank Of India

Centre, states need to come together on big reforms in labour, land: CII

The Centre and states need to come together to pursue big-ticket reforms in labour and land sectors to accelerate growth, CII President R Dinesh said on Thursday. A survey by CII, he further said, expects the Reserve Bank of India to cut benchmark interest growth in the second quarter (July-September). The RBI has been holding the repo rate at 6.5 per cent since February 2023. In an interview with PTI, the CII President shared the industry body's perspective on reforms needed to realise India's growth potential to the fullest. "From CII's side when we look at accelerating the rate of growth or making sure we are able to seize the opportunities we are being presented today, broadly we are speaking about 3-4 areas, first you look at big-ticket reforms that are land, labour and to a certain extent agriculture," Dinesh said. He highlighted the importance of building a consensus across all states. Towards this, he said, CII has suggested, a structure which can make the Centre and the .

Govt focus on infra to nurture sustained revival in investment: RBI report

The government's focus on infrastructure development, coupled with buoyant business optimism, could nurture a sustained revival in the investment cycle, according to a Reserve Bank report. According to the RBI's Monetary Policy Report- April 2024, domestic economic activity, backed by strong fundamentals, remained robust in the first half of 2023-24, weathering challenges from muted global demand. The report further said that while the fixed investment and the lower drag from net external demand propelled real GDP growth, private consumption received support from steady urban demand. On the supply side, it added, manufacturing activity strengthened further, benefiting from lower input costs and the improvement in global supply chains. Construction activity remained firm on the back of buoyant housing demand and the government's thrust on infrastructure. "Going ahead, private consumption will get support from improved prospects for rural demand and rising consumer confidence. "The

Red Sea crisis: RBI, Irdai called in to help limit impact on Indian exports

The Ministry of Finance urged these entities to monitor disruptions that could potentially drive up India's export expenses

Consumer price inflation likely eased to 5-month low of 4.91% in March

RBI Governor Shaktikanta Das said last week that food price volatility remains a concern

RBI's status quo on repo rate to impact retail auto sales, says Fada

Manish Raj Singhania, prez of FADA, said that favourable govt policies along with government spending, and the expected good monsoons, are likely to fuel demand, particularly in rural areas this year

India's consumer price inflation likely eased to 4.91% in Mar: Reuters poll

Inflation was expected to return to the RBI's target next quarter but be above it in subsequent quarters, according to a separate Reuters survey on the longer-term outlook

RBI imposes curbs on Shirpur Coop Bank over declining financial position

The Reserve Bank of India (RBI) on Monday imposed several restrictions on Maharashtra-based Shirpur Merchants' Co-operative Bank, including withdrawal of funds by customers, in the wake of the lender's deteriorating financial position. In a statement, the RBI said from the close of business on Monday, the bank will not grant or renew any loans and advances, make any investment, incur any liability, transfer or otherwise dispose of any of its properties or assets, without prior approval of the central bank in writing. "Considering the bank's present liquidity position, no amount from the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but are allowed to set off loans against deposits subject to the conditions stated in the above RBI directions," the central bank said. The RBI further said the eligible depositors would be entitled to receive deposit insurance claim amount of his/her deposits up Rs 5 lakh fr

Overnight swaps suggest RBI likely to hold interest rates through 2024

OIS markets reflect interest rate expectations, with higher rates indicating elevated interest rates for a longer period

All the RBI's men

As the Reserve Bank celebrates its 90th birthday, the concluding part of a two-column series offers a peek into the lives and works of its governors over the past three decades

Audit Panel of board at UCBs must improve oversight, risk management: RBI

Flags internal auditor's task for early detection of irregularities

Would like inflation elephant to return to forest, stay there: RBI Guv Das

RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts

RBI imposes monetary penalty on IDFC First Bank, LIC Housing Finance

Reserve Bank of India has imposed monetary penalty of Rs 1 crore on private sector lender IDFC First Bank for non-compliance with certain directions issued by regulator on Loans and Advances

A wholesome policy

Domestically, however the economy continues on a strong footing

RBI wants inflation elephant in the forest. Can pricier oil bring it back?

After witnessing sustained moderation, cost push pressures faced by firms, the RBI said, are showing upward bias

Monetary policy review: RBI rejigs quarterly GDP growth forecasts for FY25

Rural demand catching up, consumption expected to support economic growth in FY25, says RBI governor

India's forex kitty jumps $2.9 billion to new high of $645.6 billion

Das says confident of meeting external financing requirements

Consumer confidence in India at more than four-year high, RBI survey shows

The 'future expectations index', which judges consumer sentiment for the upcoming 12 months, also improved to its highest since mid-2019, the survey showed

RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das

RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here

RBI MPC: Here are the major announcements made by Governor Shaktikanta Das

The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent

RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady

Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das