GDP to decelerate in 2025, RBI to cut rates soon: Goldman Sachs
It forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.
It forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.
A survey of agri-tech startups shows that they benefit from government’s funding support, research and development and state support in the form of digital infrastructure.
The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year).
As the Winter Session of the Parliament will convene on Monday, Union Finance Minister Nirmala Sitharaman will move several Bills, including The Banking Laws (Amendment) Bill which aims to amend the Reserve Bank of India Act, 1934, in addition with the Banking Regulation Act, the State Bank of India Act.
The Consumer Price Index (CPI) inflation for October is recorded at 6.21 per cent on year-on-year basis. Corresponding inflation rates for rural and urban are 6.68 per cent and 5.62 per cent, respectively, Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.
The index for March 2021 stands at 270.59 as against 207.84 for March 2020, announced while launching the index on January 1, 2021.
Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem.
In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.
The issuance of new cards through another payment gateway would take 2-3 months because it involves technology integration and other modalities.
"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," it said.
