Economy

GST compensation: Jharkhand joins GST borrowing scheme

All 28 states and 3 UTs have now come on board
State to receive Rs 1,689 crore this fiscal in compensation dues

Effective IP regime is foundational to achieving India’s goal of USD 1 trn digital economy: Nisha Desai Biswal

Biswal was speaking at the third annual India-US IP Dialogue on Friday organised by the US Chamber of Commerce's Global Innovation Policy Center (GIPC) and USIBC, in partnership with the Federation of

US Chamber of Commerce's Global Innovation Policy Center, US-India Business Council Nisha Desai Biswal , 1 trillion economy, FICCI, MoU on Intellectual Property

RBI rate cut cycle seems to be over; projects positive growth for next two quarters

Though some recent expectations had built up for some liquidity action in order to align short-term rates closer to the reverse repo rate, the RBI kept liquidity policy unchanged

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‘Size of real estate market will reach $1 trillion by 2030’ | INTERVIEW

"Problem of housing for common people is as acute as the other problems the country has been facing since Independence."

real estate, hoiusing, investment in real estate, national housing policy, GDP growth, Ketan Sengupta, Bengal Peerless Housing Develooment

RBI holds repo rate to boost growth, ignores inflation

The reassurance that liquidity would remain easy for the rest of the year and into 2021-22 brought cheer to the bond markets which had bracing for a slight change of stance.

The RBI revised its growth forecast to a negative 7.5% for FY21 from a negative 9.5% earlier with growth at 0.1% in Q3FY21 and 0.7% in Q4FY21.

RBI stays pat on rates, allows liquidity glut to persist for now

What confounded the markets was the absence of any measure to suck out excess liquidity at a time when some companies are able to borrow below the reverse repo rate.

The MPC projected consumer price index (CPI) inflation at 6.8% for Q3FY21, 5.8% for Q4FY21, and 4.6-5.2% in H1FY22, with risks broadly balanced.

World sees India as a trustworthy and promising partner: PM Modi at IIT 2020 Global Summit

PM Modi said in these testing times of COVID-19, India has got record investment and much of this investment has come in the technology sector.

Not just pent up demand that is reviving economy: FM Nirmala Sitharaman

The RBI earlier in the day said retail inflation is likely to remain elevated at around 6.8 per cent in the third quarter of the current fiscal.

Nirmala Sitharaman urges DRI, customs to ensure every economic offender is taken to task

Finance Secretary Ajay Bhushan Pandey said DRI has contributed to the economy by actively bringing to light some significant cases of commercial frauds and cross-border smuggling. 

Farm reforms not done in a jiffy: Finance Minister Nirmala Sitharaman

Sitharaman said that the agriculture ministry has gone through the process of talking to stakeholders and these are the things that have been in discussions for very long time.

India economy likely to contract by 10% in FY21: Former Planning Commission’s Abhijit Sen

Abhijit Sen, also an expert on issues related to agriculture, further said that the government would not be able to double farmers' income by 2022.

India, economy, Indian economy, planning commission, farmers income, slowdown

Forex reserves down $469 million to $574.82 billion

Expressed in dollar terms, FCA includes the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

The country's reserve position with IMF decreased by USD 1 million to USD 4.679 billion.

ADB approves $190 million loan for upgradation of Bengaluru power distribution system

"ADB has approved a combined sovereign and non-sovereign loan of USD 190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India," ADB said in

RBI ensures benign rate of interest, ample liquidity to support growth amid high inflation: Experts

The RBI's decision to keep the key policy rate unchanged ensures a lower interest rate regime and availability of liquidity to support growth under the current economic situation, even as high inflati

rbi news

RBI MPC leaves policy rates unchanged at 4%, stance accommodative for 3rd consecutive time

Reserve Bank of India (RBI) held its policy rate at 4%. That has been the case now in three consecutive policies. High inflation constrains the central bank from reducing policy rate any further, unli

RBI MPC, monetary policy committee, MPC meeting, repo rate, policy rate,

Budget 2021 to be prudent; growth oriented, says RBI Governor Shaktikanta Das

With the Budget-making exercise in full swing, RBI Governor Shaktikanta Das on Friday said Budget 2021-22 is expected to be prudent and growth oriented.

EU 27 must all approve any UK trade deal, top official says

European Council President Charles Michel said the next few days will show what comes next and the 27 leaders meeting remotely on Dec. 10-11 will take a position on the latest developments.

EU, European Council President Charles Michel , trade deal with Britain, ambitious social, labour and environment production standards

Industry, experts say RBI’s status quo on policy rates to aid economic recovery

India Inc and experts on Friday said the RBI's decision to hold interest rates will support economic recovery in the aftermath of the COVID-19 pandemic and that they expect the central bank to maintai

rbi issued 14 banking license till date in three phase know here all the details

Large NBFCs to come under tighter RBI scrutiny

With both systemic importance of NBFCs as also their failures increasing, the Reserve Bank on Friday announced a slew of measures to keep them resilient by reining them in by improving their governanc

Reserve Bank of India, RBI, RBI news, RBI latest, RBI updates, PNB, Punjab National Bank, PNB news, Bhutan

US jobs report will show how much coronavirus pandemic is squeezing hiring

Two enhanced unemployment benefit programs are set to expire at the end of this month just as virus cases accelerate and colder weather shuts down outdoor dining and public events

US Job report, unemplyment in US, covid-19 pandemic, hiring in US, US Labour Department, FactSet, unemployment rate

RBI expects positive growth in second half of 2020-21

RBI Governor Shaktikanta Das said the GDP is expected to turn positive in the third quarter and expand at 0.1 per cent.

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RBI’s monetary policy statement: Here are the key highlights

Fiscal stimulus moving beyond being supportive of consumption and liquidity to supporting growth-generating investment.

The MPC projected consumer price index (CPI) inflation at 6.8% for Q3FY21, 5.8% for Q4FY21, and 4.6-5.2% in H1FY22, with risks broadly balanced.

RBI projects 6.8 pc retail inflation in December quarter

CPI inflation rose sharply to 7.3 per cent in September and further to 7.6 per cent in October, RBI Governor Shaktikanta Das

Reserve Bank of India, Shaktikanta Das, RBI Governor, CPI, Consumer price Inflation, retail inflation, Monetary Policy committee

US expected to report slowest job growth in six months

Infections, hospitalizations and death rates have sky-rocketed, leading some economists to anticipate a drop in employment in December or January

US economy, US recession, US unemploymnet, covid 19 pandemic, US freeze in firing, long tern unemplyment
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