India’s latest inflation data has landed like a cool breeze in the sweltering summer of economic uncertainty.
With the MoU coming into play, the entities will cooperate with each other in the areas of mutual interest where they will share relevant intelligence and information, available in their respective databases.
The softening of CPI inflation will boost India’s private final consumption expenditure, the largest component of the GDP, industry leaders said on Tuesday.
India's central bank has once again stepped in with a measured response to the growing economic uncertainty by cutting the repo rate by 25 basis points, bringing it down to 6 per cent.
With the RBI’s 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
The Reserve Bank of India (RBI) on Friday announced the inclusion of auto replenishment facility of FASTag, NCMC and UPI Lite wallet balances under the e-mandate facility.
Reserve Bank of India's (RBI) Governor Shaktikanta Das on Friday said the Monetary Policy Committee (MPC) has decided to keep the policy rate unchanged for the eighth time in a row at 6.5 per cent.
This follows the RBI's announcement, detailed in a Press Release from May 19, 2023, about the withdrawal of these high-value notes from circulation.
There is a section under the Insolvency and Bankruptcy Code (IBC), specifically meant to keep out such promoters, the Deputy Governor said at the conference on governance in ARCs held early this month, the full version of which was published by RBI on Friday.
the balance sheet was Rs 63.44 trillion a year ago. Further, the balance sheet increased to 24.1% of the gross domestic product (GDP) at end-March 2024, from 23.5% at end-March 2023.
