RBI Says Banks Need To Arrest Repayment Slippages, Support Credit Growth
Reuters | Friday May 27, 2022, MUMBAIIndia's banks need to monitor the credit behaviour of restructured loans and the possibility of increased repayment slippages from sectors more exposed to the pandemic, the central bank said in a report on Friday.
Soaring Wholesale Prices Likely To Pressure Retail Inflation: RBI
Press Trust of India | Friday May 27, 2022, MumbaiSounding a note of caution, the Reserve Bank said on Friday there is a risk of high wholesale price inflation (WPI) putting pressure on the retail inflation, albeit with a lag.
Inflation Countervailing Policy When Growth Should've Been Priority: RBI
Edited by Rahul Karunakar | Friday May 27, 2022The Reserve Bank of India's annual report showed that the persistence of high inflation is forcing countervailing monetary policy action at a time when supporting the economic recovery should have been the priority.
Cabinet Okays Government's 29.5% Stake Sale In Hindustan Zinc For Rs 38,000 Crore
Press Trust of India | Wednesday May 25, 2022, New DelhiThe Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared the government's 29.5 per cent stake sale in Hindustan Zinc Limited
India To Export Wheat To Friendly, Needful Countries, Says Commerce Minister Piyush Goyal
Edited by Animesh Singh | Wednesday May 25, 2022Commerce Minister on Wednesday said that India will continue to allow wheat export for countries which are in serious need
Government's Measures To Combat Inflation May Hurt Growth
Reuters | Monday May 23, 2022, NEW DELHIIndia's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening
Earning Rs 25,000 Per Month? You Are In India's Top 10%: Report
Edited by Rahul Karunakar | Friday May 20, 2022Highlighting a vast income distribution disparity in the country, the latest State of Inequality in India Report by the Economic Advisory Council to the Prime Minister shows a bleak picture, with gaps that need to be addressed so that the goals of social progress and shared prosperity are realised.
RBI Set For Aggressive Rate Hikes After Clear Hawkish Minutes: Economists
Anup Roy, Bloomberg | Friday May 20, 2022The Reserve Bank of India is expected to aggressively tighten policy in the next meeting after minutes of its off-cycle policy review earlier this month revealed that rate setters pitched for front loading hikes amid a worsening inflation outlook.
Rate Hikes Need To Be Front-Loaded, Say Two MPC Members: RBI Minutes
Reuters | Thursday May 19, 2022The sharp surge in inflation in India will require front-loading of interest rate increases, two members of the central bank's Monetary Policy Committee (MPC) said in minutes of its May 4 meeting released on Wednesday.
RBI May Hike Rates By 75 Basis Points By August: SBI Economists
Press Trust of India | Monday May 16, 2022, MumbaiThe surge in India's inflation is a fallout of the Ukraine war and the RBI may hike rates by 75 basis points by August, said SBI Economists.
Not Wise To Overreact To Shocks, RBI Not "Behind The Curve": MPC Member
Press Trust of India | Sunday May 15, 2022, New DelhiThe RBI is not "behind the curve" in hiking interest rate to tackle rising inflation, Monetary Policy Committee (MPC) member Ashima Goyal said.
Morgan Stanley Cuts India Growth Forecasts On Inflation, Global Slowdown
Reuters | Wednesday May 11, 2022Morgan Stanley has lowered its forecasts for India's economic growth in the next two fiscal years, saying a global slowdown, surging oil prices and weak domestic demand would take a toll on Asia's third-largest economy.
Raghuram Rajan Roots For "Inclusive Ways" To Revitalise World Economy
Edited by NDTV Business Desk | Tuesday May 10, 2022Former RBI Governor Raghuram Rajan outlined how central banks can help to lift the economy.
More Pain Ahead For Indian Assets As Stagflation Risks Turn Into Reality
Edited by Rahul Karunakar | Monday May 09, 2022Indian equities and the rupee face more tough times ahead after a broad slump since the war on the edge of Europe as stagflation, which was considered a threat and a fallout of the Russia-Ukraine crisis, is fast becoming a reality.
Key Rate Hike A Synchronised Event By All Central Banks: Finance Minister
Asian News International | Sunday May 08, 2022, Mumbai (Maharashtra)Ms Sitharaman said the RBI's decision to increase policy rates has not surprised the government
