Economic Policy

RBI Says Banks Need To Arrest Repayment Slippages, Support Credit Growth

RBI Says Banks Need To Arrest Repayment Slippages, Support Credit Growth

Reuters | Friday May 27, 2022, MUMBAI

India'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

Soaring Wholesale Prices Likely To Pressure Retail Inflation: RBI

Press Trust of India | Friday May 27, 2022, Mumbai

Sounding 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

Inflation Countervailing Policy When Growth Should've Been Priority: RBI

Edited by Rahul Karunakar | Friday May 27, 2022

The 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

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 Delhi

The 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

India To Export Wheat To Friendly, Needful Countries, Says Commerce Minister Piyush Goyal

Edited by Animesh Singh | Wednesday May 25, 2022

Commerce 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

Government's Measures To Combat Inflation May Hurt Growth

Reuters | Monday May 23, 2022, NEW DELHI

India'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

Earning Rs 25,000 Per Month? You Are In India's Top 10%: Report

Edited by Rahul Karunakar | Friday May 20, 2022

Highlighting 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

RBI Set For Aggressive Rate Hikes After Clear Hawkish Minutes: Economists

Anup Roy, Bloomberg | Friday May 20, 2022

The 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

Rate Hikes Need To Be Front-Loaded, Say Two MPC Members: RBI Minutes

Reuters | Thursday May 19, 2022

The 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

RBI May Hike Rates By 75 Basis Points By August: SBI Economists

Press Trust of India | Monday May 16, 2022, Mumbai

The 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

Not Wise To Overreact To Shocks, RBI Not "Behind The Curve": MPC Member

Press Trust of India | Sunday May 15, 2022, New Delhi

The 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

Morgan Stanley Cuts India Growth Forecasts On Inflation, Global Slowdown

Reuters | Wednesday May 11, 2022

Morgan 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

Raghuram Rajan Roots For "Inclusive Ways" To Revitalise World Economy

Edited by NDTV Business Desk | Tuesday May 10, 2022

Former 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

More Pain Ahead For Indian Assets As Stagflation Risks Turn Into Reality

Edited by Rahul Karunakar | Monday May 09, 2022

Indian 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

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