Economy

Inflation Target Band Of 2%-6% Up For Review: Finance Minister

Inflation Target Band Of 2%-6% Up For Review: Finance Minister

Reuters | Thursday February 18, 2021

The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.

Reining In High Fiscal Deficits Key To India Keeping Investment-grade Rating: Report

Reining In High Fiscal Deficits Key To India Keeping Investment-grade Rating: Report

Reuters | Wednesday February 17, 2021

S&P currently has India at -BBB-,- its lowest investment-grade rating, with a stable outlook

India's Exports Rise 6% In January; April-January Deficit At $1.87 Billion

India's Exports Rise 6% In January; April-January Deficit At $1.87 Billion

Edited by Abhishek Vasudev (With inputs from PTI) | Monday February 15, 2021

Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion, while imports declined by 25.92 per cent to $300.26 billion.

Wholesale Inflation Quickens To 2.03% In January From 1.22% In December

Wholesale Inflation Quickens To 2.03% In January From 1.22% In December

Edited by Abhishek Vasudev | Monday February 15, 2021

The index of fuel & power group increased by 5.84 per cent and manufactured products index increased by 1.54 per cent.

Consumer Inflation Eases To 16-Month Low In January As Food Prices Slump: 10 Points

Consumer Inflation Eases To 16-Month Low In January As Food Prices Slump: 10 Points

Edited by Nikita Prasad (With Inputs From Reuters) | Friday February 12, 2021

Consumer price inflation in the country eased to 4.06 per cent in January 2021 from 4.59 per cent in December 2020, amid a sharp decline in food prices. Consumer inflation in January 2021, fell to a 16-month low, according to data released by the ministry of Statistics and Programme Implementation (MoSPI), on Friday, February 12. The annual retail inflation last month was reported as the lowest since September 2019, and below the 4.45 per cent forecast in a Reuters poll of economists. The retail food prices, which comprise nearly half of the country's inflation basket, increased 1.89 per cent in January from a year earlier, against 3.41 per cent in December 2020.

Industrial Production Grows 1% In December 2020: All You Need To Know

Industrial Production Grows 1% In December 2020: All You Need To Know

Edited by Nikita Prasad (With inputs from Agencies) | Friday February 12, 2021

The industrial production in the country grew by one per cent in December 2020, after registering a contraction of 1.9 per cent in November 2020, government data showed on Friday, February 12. According to the Index of Industrial Production (IIP) data released by the Ministry of Statistics and Programme Implementation (MoSPI), the manufacturing sector output grew by 1.6 per cent in December 2020. The mining output declined by 4.8 per cent, while power generation grew 5.1 per cent during the month. The IIP had grown by 0.4 per cent in December 2019. Industrial production has been hit due to the COVID-19 pandemic since March last year when IIP contracted by 18.7 per cent during the month.

Retail Inflation Eases To 4.06% In January Amid Decline In Vegetable Prices

Retail Inflation Eases To 4.06% In January Amid Decline In Vegetable Prices

Edited by Nirmalya Sen | Friday February 12, 2021

Consumer Inflation, January 2021: Retail inflation in January eased to 4.06 per cent due to a decline in vegetable prices, according to government data released on Friday

Budget 2021 Provides Stimulus For Long Term Sustainable Growth: Finance Minister

Budget 2021 Provides Stimulus For Long Term Sustainable Growth: Finance Minister

Press Trust of India | Friday February 12, 2021

Finance Minister Nirmala Sitharaman also said that infrastructure creation, continuing reforms, and transparency of accounts are major features of this year's budget.

Core Sector Output Declines 1.3% In December 2020 Despite Gaining Ground From April 2020

Core Sector Output Declines 1.3% In December 2020 Despite Gaining Ground From April 2020

Edited by Nirmalya Sen | Friday February 12, 2021

Only the coal and electricity sectors clocked positive growth in December 2020

RBI Currency Strategy Draws More Hot Money To India, Spurs Vicious Cycle

RBI Currency Strategy Draws More Hot Money To India, Spurs Vicious Cycle

Subhadip Sircar, Bloomberg | Friday February 12, 2021

RBI's balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds

Government's Budget Transparency May Help India Join Global Bond Indices

Government's Budget Transparency May Help India Join Global Bond Indices

Anirban Nag and Subhadip Sircar, Bloomberg | Friday February 12, 2021

India's admission of a record budget deficit is drawing praise from investors, who see it as baby steps to making data out of Asia's third-largest economy less opaque

High Fiscal Deficit To Pose Challenge In Lowering Debt To GDP Ratio: Rating Agency

High Fiscal Deficit To Pose Challenge In Lowering Debt To GDP Ratio: Rating Agency

Press Trust of India | Wednesday February 10, 2021

Fitch Ratings estimated India to clock an 11 per cent growth in the fiscal beginning April and then grow at 6.5 per cent a year through to 2025-26 fiscal.

Retail Inflation In January Likely Softened To Lowest Since October 2019: Report

Retail Inflation In January Likely Softened To Lowest Since October 2019: Report

Reuters | Wednesday February 10, 2021

The February 5-9 poll of 50 economists showed retail inflation fell to 4.45 per cent in January from December's 4.59 per cent.

Government To Launch Bill On Cryptocurrency As Existing Laws Inadequate: Anurag Thakur

Government To Launch Bill On Cryptocurrency As Existing Laws Inadequate: Anurag Thakur

Press Trust of India | Tuesday February 09, 2021

Replying to a question in the Upper House, Thakur said regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate crypto currencies

Government Confident Of Keeping 2021-22 Borrowing Costs Below 6%: Report

Government Confident Of Keeping 2021-22 Borrowing Costs Below 6%: Report

Reuters | Monday February 08, 2021

The central bank sold only Rs 9,000 crore of bonds versus Rs 31,000 crore it had set out to sell on Friday