Trade war to end! China hails agreement with US; Trump says something ‘monumental’ could be announced

China and the U.S. claimed progress in talks to end their trade war, with President Xi Jinping pushing for a rapid conclusion and President Donald Trump talking up prospects for a “monumental” agr

China hails trade agreement with US, but deal not ready yet (Reuters File photo) News

RBI cuts rates, but money to stay costly — Explained

The committee projected retail inflation at 2.4% for the previous quarter from earlier projection of 2.8%, while also substantially lowering the forecast to 2.9-3.0% range for H1FY20 from 3.2-3.4% pre

Economy News

Fitch denies India an upgrade for the 13th year in a row

However, the rating agency added that a robust growth outlook continues to support India's credit profile. Nevertheless, Fitch expects growth to slow down to 6.8% in FY20 from an estimated 6.9% this f

Economy News

Will stick to fiscal discipline if re-elected: Arun Jaitley

The Reserve Bank of India Thursday cut its GDP growth forecast for the current fiscal by 20 basis points to 7.2%.

Economy News

RBI revises norms for LCR to boost liquidity to lenders

Well-functioning securitisation markets can enable better management of credit and liquidity risks on the balance sheets of banks as well as non-bank mortgage originators and, in turn, help lower the

Economy News

RBI postpones linking lending rates with external benchmarks

Currently, banks have advances linked to various internal benchmarks, including the current MCLR and older benchmarks like the Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR) and the bas

Economy News

Why short-term RBI rates can come down further

Investors should look at AAA-rated corporate bond portfolio as long-term rates are likely to pick up. Corporate bond spreads are very attractive and investors should look at short-term bond funds in t

Economy News

What is behind back-to-back RBI rate cuts

Despite an additional cut in policy rates, the transmission in banks’ lending rate will remain incomplete as the incremental build-up in their deposits continues to lag the credit growth and the int

Economy News

Tax filers increased, number of dropped filers declined post note ban, says CBDT

Note Ban: CBDT says note ban had a phenomenal positive impact on the formalisation of Indian economy and widening of tax base.

CBDT, Tax Filers, Dropped Filers, Stopped Filers News

Another rate cut in offing? Here’s what analysts think

Economists at Japanese brokerage Nomura said it expects another rate cut in June with a 40 percent probability, and a higher 60 percent probability for such a move in August.

Reserve Bank, Nomura, GDP, inflation projections, RBI rate cut News

RBI rate cut to spur investment amid “growth concerns”: Industry chambers

The Reserve Bank Thursday lowered the key interest rate by 0.25 percentage points to 6 per cent, the second cut in a row, in an attempt to propel economy ahead of general elections.

RBI rate cut, GDP growth, Ficci President, Sandip Somany, global economy, ficci, inflation, policy rate cut News

New government to announce the proposed industrial policy; key things to know

The ministry has planned to set up an elaborate machinery including a steering committee for effective implementation of the policy.

suresh prabhu, industry policy, FDI in india, India exports, Commerce and Industry Minister News

RBI reserves: Shaktikanta Das says Bimal Jalan panel to submit report shortly

The other key members of the committee include Rakesh Mohan, the former deputy governor of RBI as the vice-chairman, finance secretary Subhash Chandra Garg, RBI deputy governor NS Vishwanathan, and tw

RBI reserves, Shaktikanta Das, Bimal Jalan committee, Subhash Chandra Garg, Urjit Patel, Malegam panel News

Don’t be too happy over constantly falling food prices; here’s what India stands to lose

However, with the inflation forecast based on continued falling food prices in the economy, it may hit a large section of population and worsen rural distress.

Economy News

Trader’s body not happy with Congress’ manifesto; says, ‘just an eyewash’

Even as Congress manifesto proposes to address issues of all sections, a trader’s body has slammed the document saying it fails to prioritise its demands. The manifesto makes several giant promises,

Rahul Gandhi in Wayanad Live, Rahul Gandhi Election Seat Live News

Govt close to meeting fiscal deficit target of 3.4%, says Finance Secy Subhash Garg

The government in the interim Budget in February revised upward the fiscal deficit target to 3.4 per cent from 3.3 per cent of GDP estimated earlier for the financial year ended March 31.

Fiscal deficit, Interim Budget 2019-20, Controller General of Accounts , GDP, tax revenue, news on fiscal defecit News

Fitch raises alarm over India’s high joblessness, rural distress

Fitch Thursday said there has been a rise in unemployment in the country, and attributed GDP growth deceleration to domestic factors like weak manufacturing and dip in farmers' income.

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India seeks Mexican crude to meet its growing energy needs

According to the Indian ambassador to Mexcio, Mukhtesh Pardeshi, “Mexico has become a reliable partner in our energy security.

crude oil, India, Mexican crude, crude oil for India, Mexcio, international prices of crude, Mexican export, crude imports, clean energy News

CEA Subramanian on Feb 12 circular: Govt, RBI can fix issue; don’t think IBC needs changes

Even as Supreme Court struck down RBI’s February 12 circular, Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the issue can be fixed as RBI and government will work on it.

chief economic advisor Krishnamurthy Subramanian, Krishnamurthy Subramanian, economy News

RBI’s move to boost liquidity; tweaks liquidity coverage ratio norms

"While this move will harmonise the liquidity requirements of banks with LCR, it will also release additional liquidity for lending by banks," RBI Governor Shaktikanta Das said

Economy News

For RBI, official data is final word; Shaktikanta says amid GDP row

Shaktikanta Das Thursday said the Reserve Bank goes with the official statistics while making its assessments on the economy and formulation its policy responses.

RBI Monetary Policy 2019: RBI, rbi monetary policy, RBI Gorverner, shaktikant das, RBI Credit Policy, GDP Growth Rate, EMI, What is SLR, what is repo rate, first by monthlu policy for FY20, monetary policy outcome News

Shaktikanta Das unfazed by quashing of 12 Feb circular; says, SC didn’t take away any power

Days after the Supreme Court quashed February 12, 2018, circular, RBI Governor Shaktikanta Das on Thursday said that a revised circular on bad loan resolution would be issued soon.

Economy News

SC order: Revised circular on resolution of bad loans soon, says RBI Governor

The central bank will soon come out with revised circular for effective resolution of stressed assets in the backdrop of the Supreme Court order, says Shaktikanta Das.

Economy News

Arun Jaitley’s new poll promise: Interest rates will fall more if BJP re-elected

Arun Jaitley said if re-elected, the government would continue with fiscal consolidation and pursue policies to enable further reduction in interest rates.

Arun Jaitley, lok sabha, lok sabha elections 2019 News

RBI governor says overall credit growth not broadbased, to MSMEs it’s muted

Addressing the customary press conference after the monetary policy review, Das said credit growth to the critically important micro, small and medium enterprises sector remains "muted".

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Inflation not to pinch pocket for some more time; RBI cuts forecast to 2.9-3%

The inflation path during 2019-20 is likely to be shaped by several factors. First, low food inflation during January-February will have a bearing on the near-term inflation outlook.

Economy News

RBI cuts repo rate to boost sluggish economy before elections

Thursday’s cut reverses the 50 basis points of increases delivered by the Reserve Bank of India last year. It also marks the most aggressive easing by any major emerging market central bank in 201

RBI rate cut, global growth, domestic growth, US Trade growth, global economy, china, europe, US economy, NAFED News
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