With India targeting a fiscal deficit of 5.1 per cent of GDP in FY25, a strong showing from the central bank could allow the finance ministry to stick to its fiscal glide path while continuing to p…
EMIs for current clients will drop as a result of this move, and prospective borrowers will soon find personal, vehicle, and house loans more reasonableread moreOn Wednesday, Governor Sanjay Malhot…
The Monetary Policy Committe (MPC) of Reserve Bank of India (RBI) is set to conclude its two-day meeting on Friday (February 7).
Economists and market-watchers alike expect Governor Sanjay Malhotra,…
The global economy is likely to face significant headwinds in 2025, with most chief economists predicting weaker conditions, according to a new report released Thursday (January 16) by the World…
India’s wholesale inflation (INWPI=ECI) accelerated in December to 2.37% year-on-year, from 1.89% in November, government data showed on Tuesday, but in line with market expectations.
The wholesale…
Retail inflation eased to a four-month low of 5.22 per cent in December, as compared to 5.48 per cent in November, according to government data released on Monday (January 14).
This ease in inflation…
India’s economic growth is expected to fall to nearly four-year low of 6.4 per cent in financial year 2024-25, according to the economy’s advance estimates.
The advance estimates released on Tuesday…
India’s central bank – the Reserve Bank of India (RBI) – received a bomb threat, targeting its head office in commercial capital Mumbai. The threat email, written in Russian language and sent on the…
Sanjay Malhotra took charge as the 26th Governor of the Reserve Bank of India (RBI) on Wednesday, December 11. He succeeds Shaktikanta Das whose tenure ended on Tuesday.
A seasoned bureaucrat,…
The Union government has appointed Revenue Secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI), according to CNBC-TV18.
Malhotra succeeds Shaktikanta Das as the Governor…
Following the Monetary Policy Committee’s (MPC) meeting, Reserve Bank of India Governor Shaktikanta Das on Friday announced that the repo rate would remain unchanged at 6.5 per cent.
Das also…
Finance Minister Nirmala Sitharaman has acknowledged a social media user’s appeal for relief for the middle class, emphasising the government’s commitment to addressing citizens’ concerns. The appeal…
On this Dhanteras, which marks the beginning of Diwali festivities with people buying gold and silver, the Reserve Bank of India (RBI) revealed that it has shifted another 102 tonnes of gold from the…
India is set to celebrate Dhanteras on Tuesday, October 29. However, In such a situation, will all bank branches remain closed on Tuesday, October 29? Therefore, to answer this, Banks across the…
Indian shares rose to record highs on Friday, as an outsized interest rate reduction by the U.S. Federal Reserve and the anticipation of a soft landing for the world’s largest economy boosted risk…
The Reserve Bank of India data showed on Friday that foreign exchange reserves rose for a third straight week, hitting a lifetime high of $670.86 billion as of July 19. The reserves climbed by $4…
The Reserve Bank of India Governor announced Friday the setting up of a dedicated digital payments intelligence platform to tackle the growing challenges of digital payment fraud in India.
“It is…
The Reserve Bank of India (RBI) has added as many as 24 tonnes of gold to its stock of reserves in just four months from January to April this year. This is almost 1.5 times the volume added…
Mumbai: India is likely to grow by 7.5 per cent in the first quarter of the current financial year, driven by rising aggregate demand and non-food spending in the rural economy, according to an…
Exporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to buy India-made defence equipment and armaments, among other imports and Indian…
RBI Governor Shaktikanta Das. PTI
The linkage of the India’s Unified Payments Interface and the fast payment systems of a few …
India’s foreign exchange reserves declined by USD 2.795 billion to USD 616.143 billion in the week that ended on January 19, 2023, the latest data released by the Reserve Bank of India showed.
During…
Fake news is one of the biggest problems these days. Many people fall prey to misinformation. A few weeks ago, one such news was circulated on social media, including WhatsApp, regarding Rs 500…