The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) begins its three-day meeting today. The six-member panel, led by Governor Shaktikanta Das, will review the economic conditions and decide on the repo rate, the rate at which the RBI lends money to commercial banks. The decisions will be announced on December 6 at 10 … Read more
Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any kind of spillovers from global events. The country’s external sector is also strong and our current account deficit has remained within manageable limits and stood at 1.1 per cent. “Today, … Read more
The cost of homecooked vegetarian thali showed a significant decline in the month August after prices for key ingredients, such as tomatoes, vegetable oil, and spices, reduced as compared to previous months this year. According to Crisil’s Roti Rice Rate index, the price of vegetarian (veg) thalis dropped by 8 per cent year-on-year (Y-o-Y), while … Read more
Digital lending apps: A recent survey has found that the Reserve Bank of India’s (RBI) steps against loans being offered by unauthorised digital platforms and mobile applications had a positive impact on users. In 2020, the central bank released a cautionary message directed towards small businesses and individuals regarding the risks associated with obtaining loans … Read more
Several banks have floated new fixed deposit schemes and revised the earlier rates ahead of the Reserve Bank of India’s Monetary Policy Meeting to be held next week. The RBI’s MPC will start on June 5, just a day after the Lok Sabha election results would be announced. The experts’ committee of six members responsible … Read more
NEW DELHI: Stagflation is a double-edged sword and it’s here, at least this is what the RBI’s recent survey on households suggests. Nomura India, however, says it may be transitory. It believes supply-chain disruptions during the pandemic are largely to blame for the outcome. Stagflation occurs when economic output stagnates but inflation keeps rising. It … Read more
New Delhi: Prime Minister Narendra Modi on Thursday held a brainstorming session with financial sector regulators and discussed various measures to revive the economy hit hard by COVID-19 crisis. According to sources, the meeting discussed various steps that regulators, especially the Reserve Bank of India, can take to push economic growth staring at the risk … Read more