May 13, 2022 08:40 AM ISTThe higher-than-expected inflation is likely to result in another hike in the policy rate at the MPC’s next meeting on 6th-8th June
May 13, 2022 06:32 AM IST This is the city's highest-ever GST collection for April, they said.
May 12, 2022 09:43 PM IST The vote on Powell comes the day after the upper house of Congress approved the nomination of Philip Jefferson of Davidson College, marking the first time the Fed board has had more than one Black governor.
May 12, 2022 08:28 PM IST The central bank's rate-setting panel announced a surprise 40-basis-point repo rate hike on May 4 in anticipation of a high inflation number for April. But the figure has exceeded economists' expectations.
May 12, 2022 07:45 PM IST The ministry's comments come days after Reserve Bank of India Governor Shaktikanta Das said sustained high inflation has "pronounced adverse effects on the poorer segments of the population by eroding their purchasing power".
May 12, 2022 05:41 PM IST In FY22, industrial output grew by 11.3 percent as against a contraction of 8.4 percent in FY21.
May 12, 2022 05:37 PM IST The CPI inflation print for April is above the consensus, with a Moneycontrol poll showing economists saw inflation rising to 7.5 percent
May 12, 2022 05:30 PM IST Government plans to push wheat exports, even as domestic prices reach decadal highs, raising retail prices of Atta as well.
May 12, 2022 12:59 PM IST The economy grew 0.8 percent in the January-March period compared with expansion of 1.3 percent in the fourth quarter of last year, the Office for National Statistics said in a statement.
May 12, 2022 12:50 PM IST Despite the intensifying economic pain, few expect Xi to relax his zero-COVID campaign before securing an unprecedented third term
May 12, 2022 12:13 PM IST Union Agriculture Minister Narendra Singh Tomar, who was in Israel on a four-day official visit from May 8, met his Israeli counterpart Oded Forer at the Knesset (Israel's Parliament) on Wednesday.
May 12, 2022 10:54 AM IST The RBI's repo rate hike on May 4 caught everyone by surprise. But the central bank had started talks about convening its rate-setting panel right after its April 8 meeting
May 12, 2022 10:02 AM IST The RBI has used its 'formidable' foreign exchange reserves to prevent the rupee from weakening sharply in recent days. However, mounting a defence against what a person aware of developments called 'a global tide' is seen as being futile
May 12, 2022 09:11 AM IST Successive governments made up their revenue shortfalls by borrowing abroad hand over fist. The much-acclaimed Sri Lankan model had feet of clay
May 12, 2022 09:00 AM IST Limited intervention space would see RBI targeting the long end of the rising sovereign curve
May 12, 2022 07:12 AM IST The MPC, headed by the RBI Governor, is scheduled to meet between June 6 and June 8. It has been mandated to keep retail inflation in the range of 2-6 per cent.
May 11, 2022 08:38 PM IST Around 7,600 megawatts of imported coal based-plants are not running as they would incur losses at the current levels of coal price.
May 11, 2022 08:21 PM IST The central bank's surprise May 4 repo rate hike has sparked concerns that the next couple of meetings of its rate-setting panel will definitely see further increases in the policy rate.
May 11, 2022 08:01 PM IST The Indian central bank welcomes monetary policy accountability but is cautious of what taking remedial measures to return inflation rapidly to acceptable levels would entail, according to a person familiar with developments.
May 11, 2022 06:58 PM IST At present, Tamil Nadu’s share on the export front stood at $ 26 billion and this should be increased to $ 100 billion by 2030, M K Stalin said after presenting the FIEO Southern Region Export Excellence Awards.
May 11, 2022 06:19 PM IST Inflation works to the government’s overall fiscal advantage but is politically devastating as the vast majority of people suffer. RBI will do well to focus on inflation only for now.
May 11, 2022 06:12 PM IST The annual increase peaked in March at 8.5 percent, but prices continued to rise last month for a range of goods, including housing, food, airline fares and new vehicles, the Labor Department reported.
May 11, 2022 05:48 PM IST Gross domestic product growth will be 7.6% for fiscal 2023 and 6.7% for fiscal 2024, 30 basis points lower than the previous estimates, the brokerage said in a note dated Tuesday.
May 11, 2022 05:30 PM IST There seems to be no end in sight to the Russia-Ukraine war which has been raging for over two months. EU’s latest sanction exacerbates inflationary pressures. Will OPEC+ infuse more oil to heal the wounds sustained by the global economy?
May 11, 2022 05:08 PM IST The call follows days of political violence, with clashes between pro- and anti-government groups pushing the prime minister to resign and dissolving his cabinet.
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