RBI Bulletin: The central bank said that the resurgence of Covid-19 has dented but not debilitated economic activity in Q1 of FY22.
Total daily average electricity supply to states fell to 3,666 billion units during the first sixteen days of May, compared with 3,910 billion units during the second half of April, data from federal grid regulator POSOCO showed.
Index of fuel and power prices jumped to 20.94 per cent compared with rise of 10.25 per cent in the previous month.
The National Electronic Funds Transfer (NEFT) system will not be available from 12 am to 2 pm on May 23 so as "to enhance the performance and resilience," the Reserve Bank of India said in a tweet
Earlier this week, Moody's said India's severe second wave will slow the near-term economic recovery and it could weigh on longer-term growth dynamics.
The GST Council last met on October 5, 2020 to finalise contours of borrowings by states to meet shortfall in tax revenues.
On April 22, the agency had affirmed India's long-term foreign-currency issuer default rating (IDR) at BBB-minus with negative outlook
Trade Deficit Data In April 2021: The trade deficit widened to $15.10 billion in April 2021, compared to $6.76 billion in the year-ago period, mostly driven by low base effect
The residential project - 'Rivali Park', situated in suburban Mumbai, was the first housing project in the country to have received funding under the government's SWAMIH Fund.
Index of Industrial Production, March 2021: The indices for the mining, manufacturing, and electricity sectors for March 2021 stand at 139.0, 140.4, and 180.0 respectively.
The Rs 18,100 crore plan would reduce India's import dependence and help sectors such as consumer electronics, electric vehicles, and solar energy.
Retail Inflation in India: The retail inflation eased to 4.29 per cent in April 2021, amid decline in food prices, according to government data released on Wednesday
Moody's now forecasts real GDP growth will fall to 9.3 per cent from 13.7 per cent for the fiscal year ending March 2022 and to 7.9 per cent from 6.2 per cent in fiscal 2022/23.
The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.
Consumer price inflation was predicted to cool to 4.20 per cent in April, just above the RBI's four per cent mid-point target and down from March's four-month high of 5.52 per cent