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.
Stating that he wanted to transform Visakhapatnam as an IT hub and tourism center besides promoting the city as financial capital after building Amaravathi as the capital of the State, the Naidu said that now CM Jagan is playing a game with these cities.
Notably, the wholesale price index (WPI)-based inflation had been in double digits for 18 months in a row till September.
India's foreign exchange reserves rose by $7.196 billion to $595.976 billion during the week ended May 5, data released by the Reserve Bank of India (RBI) said on Friday.
ED should provide details of recoveries, properties of Congress leaders: CM Baghel
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 on The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the contravention of certain rules under Credit Information Companies Rules, 2006 (CIC Rules).
