Economy

Economy News

RBI may wait till August 2024 to hike rates: Report

The report comes after the central bank announced on Friday that it has decided to keep the repo rate unchanged at 6.5%. Reserve Bank of India (RBI) may wait till.

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Monetary policy: Higher becomes longer

RBI SIGNALS RATES TO STAY ON HOLD AMID GROWTH BOOM Towards the end of his media interaction after the monetary policy statement on Friday, RBI governor Shaktikanta Das was asked.

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Economy News

Crucial for govt to identify real beneficiaries of interest subvention scheme: GTRI

Launched on April 1, 2015, the scheme was initially valid for five years up to March 31, 2020. It is crucial for the government to identify real beneficiaries of the.

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Swiss-Indian Chamber of Commerce launches Kolkata chapter to boost trade

The launch is seen as a strategic move to bolster economic development in eastern India. The Swiss-Indian Chamber of Commerce (SICC) inaugurated its Kolkata chapter, the sixth one in India,.

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RBI may cut rates only after Lok Sabha elections: Economists’ poll

MPC to keep repo rate unchanged at 6.50% in the next policy The Reserve Bank of India’s six-member monetary policy committee (RBI MPC) will likely pivot towards repo rate cuts.

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Economists revise FY24 GDP forecasts by up to 0.8% after strong Q2

As many as 10 economists have revised upwards their growth projections for the current fiscal year by 20-80 basis points (bps). In the light of the higher-than-expected GDP growth of.

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Economy News

‘Hasty decisions by a single individual lead to disasters’

India’s growth below official rate: Raghuram Rajan in new book “We must admit the possibility that we haven’t even been growing at the official rate,” write Raghuram Rajan and Rohit.

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India’s services sector PMI declines to one-year low of 56.9 in November 2023 on slow order growth, output

According to S&P Global’s survey data, the increase in Indian services activity extended into November, with cooling price pressures and demand resilience inducing sales growth. India’s services activity growth declined.

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LNG consumption, imports seen rising as prices ease

The surge in imports can be attributed to increased gas consumption in the fertilizer and power sectors. India’s consumption of Liquified Natural Gas (LNG) is expected to rise further in.

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No relaxation in borrowing limits for Kerala, other states: Finance Minister

To a question on whether the Centre proposes to relax the existing borrowing terms considering the financial crisis of Kerala, Sitharaman replied in the negative. Finance Minister Nirmala Sitharaman on.

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