The dimensions of the Reserve Financial institution’s steadiness sheet elevated by 2.5 per cent for the yr ended on March 31 to about Rs 63.45 lakh crore on greater revenue, as per the central financial institution’s annual report launched on ...
When it comes to money, ignorance is bliss. For the second time in recent years, India seems to have disregarded this maxim. In November 2016, Prime Minister Narendra Modi shocked the world by outlawing the 500 ($6) and 1,000 rupee ...
Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data.The annual decline ...
Reserve Bank Governor Shaktikanta Das on Wednesday said the growth for 2022-23 is expected to be more than the advance estimate of 7 per cent on the back of economic momentum maintained in the third and fourth quarters of the ...
India’s economic activity picked up pace in April on record tax collections and a booming services sector though rising unemployment and weaker trade metrics could sap some sentiment. The needle on a dial measuring the so-called Animal Spirits swung to ...
Reserve Bank Governor Shaktikanta Das on Wednesday said that RBI is monitoring the situation regularly with regard to the withdrawal of Rs 2,000 currency notes and expressed confidence that the entire exercise will be completed in a non-disruptive manner. The ...
After the Reserve Bank of India (RBI) decided to keep the repo rate unchanged in April at 6.5 per cent, the central bank governor Shaktikanta Das on Wednesday said that pausing the interest rate hike is not in his hands ...
India’s growth in the April-June quarter is expected to be driven by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing, a Reserve Bank article said on Monday. The global economy is transfixed in the cross-currents of ...