NEW DELHI: The dynamic economic upheaval unleashed by Covid-19 pandemic might hinder the Reserve Bank of India (RBI) from giving a pin-pointed growth as well as inflation forecast in the upcoming monetary policy report, experts opined. The existing legislations mandate the RBI to come out with a growth and inflation forecast twice in an interval … Read more
Global rating agency S&P affirmed India’s long term foreign and local currency sovereign credit rating at BBB- with a stable outlook and maintained its short-term rating at A-3, in a report on Friday. “The stable outlook reflects our view that India’s contraction in fiscal 2021 will be followed by a significant recovery, which will stabilize … Read more
Kolkata: Lakshmi Vilas Bank said it “substantially completed” the due diligence for its proposed merger with the Clix Group, even as the extended deadline for the completion of the process ended Tuesday, and said that the two parties would continue to discuss the future course of action. This leaves doubts on whether the fate of … Read more
New Delhi: A number of states, particularly opposition-ruled ones, are set to reject the two borrowing options proposed by the Centre to meet the deficit in the goods and services tax (GST) compensation fund. State finance ministers from opposition states will meet on Monday to finalise a joint strategy to approach the Centre again as … Read more
New Delhi: Kerala is set to reject both borrowing options put on the table by the Centre to meet the GST compensation shortfall for FY21, even as other states questioned the tinkering of loan limits prescribed in the Fiscal Responsibility and Budget Management (FRBM) Act. Bihar, on the other hand, may go for the borrowing … Read more
MUMBAI: The Reserve Bank of India on Tuesday said the contraction in economic activity was likely to continue in the second quarter of the current fiscal as upticks witnessed in May and June appears to have lost strength ifollowing re-imposition of lockdowns to contain the coronavirus pandemic. The government imposed a nation-wide lockdown on March … Read more
MUMBAI: The Reserve Bank of India (RBI) on Thursday came out with a ‘5-Core Actions’ approach for promoting financial education, which among other things include development of relevant content for school children and adults, community participation and collaboration among various stakeholders. The ‘National Strategy for Financial Education 2020-2025’ (NSFE), released by the RBI, has suggested … Read more
By Kartik Goyal A conspicuous silence from the Reserve Bank of India regarding support for the nation’s bonds has left traders wondering whether the recent gains in yields is a new normal. The central bank may be trying to increase the attraction of sovereign debt by letting yields rise, according to PNB Gilts Ltd. The … Read more
Media often captures the sentiments correctly ahead of monetary policy announcements by the central bank, says a study by the Reserve Bank of India officials. Several media organizations, based on experts’ analysis and movement of key macroeconomic variables in the immediate past, project policy action ahead of the actual monetary policy announcement by the central … Read more
Kolkata: India may have slipped back to trade deficit after a brief surplus, but it may not get out of hand and hurt the currency as it did in the past. With the dollar flows remaining strong, it would rather be a test to the Reserve Bank of India‘s resolve in absorbing the inflows to … Read more