Direct Tax Collections Up 5% To Rs 9.45 Lakh Crore In 2020-21, Exceeds Estimates
Edited by Nikita Prasad (With inputs from Agencies) | Friday April 09, 2021The net direct tax collections represent 104.46 per cent of the revised estimates of Rs 9.05 lakh crore of direct taxes for fiscal 2020-21
Retail Inflation Likely Touched 4 Month High In March: Poll
Reuters | Friday April 09, 2021India's retail inflation touched a four-month high in March, owing to a spike in food and fuel prices.
Covid Resurgence Could Derail Indian Economy: Oxford Economics
Edited by Animesh Singh | Friday April 09, 2021The Coronavirus resurgence in India has raised concerns that the economy's recovery could be derailed,Oxford Economics' latest report has said.
RBI Reworks Criticized Inflation-Forecasting Model
Anirban Nag, Bloomberg | Thursday April 08, 2021The adjustments incorporate fiscal-monetary dynamics, India's unique and often chaotic fuel pricing regime, and exchange-rate fluctuations and their impact on balance of payments
RBI Provides Relaxation For Parking Unutilised ECB Proceeds In Term Deposits
Edited by Nikita Prasad (With inputs from Agencies) | Wednesday April 07, 2021External commercial borrowings are simply commercial loans that are raised by eligible resident entities from recognised non-resident entities according to the Reserve Bank.
Reserve Bank To Set Up G-SAP 1.0 For Evolution Of Yield Curve: All You Need To Know
Edited by Nikita Prasad | Wednesday April 07, 2021The RBI Governor said that the positive externalities of G-SAP 1.0 operations need to be reflected in those segments of the financial markets that rely on the G-sec yield curve as the main pricing benchmark
Mukesh Ambani Tops Forbes List Of Richest Indians Followed By Gautam Adani
Edited by Nikita Prasad (With inputs from Agencies) | Wednesday April 07, 2021Mukesh Ambani, who is also Asia's richest person, was closely followed by Adani Group chief Gautam Adani, having a net worth of Rs 5,050 crore.
Local Lockdowns: No Need For Loan Moratoriums At Present, Says RBI
Press Trust of India | Wednesday April 07, 2021It can be noted that the RBI had announced a six-month moratorium in the early days of the national lockdown last year to help borrowers impacted by a chilling in economic activity.
RBI Pegs Retail Inflation At 4.4-5.2 per cent For Current Financial Year
Press Trust of India | Wednesday April 07, 2021The central bank has the mandate to maintain inflation at 4 per cent, with an upper and lower tolerance band of 2 per cent for the next five years
Pandemic Slows India's Services Activity In March 2021: Report
Reuters | Wednesday April 07, 2021The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 54.6 in March from 55.3inFebruary but held above the 50-mark separating growth from contraction."
RBI's Attempt To Flush Excess Dollars Offers Lucrative Trade For Banks
Suvashree Ghosh and Subhadip Sircar, Bloomberg | Wednesday April 07, 2021As the biggest buyer of the greenback in the forwards market, the RBI is effectively funding some of the trading profits.
GDP Growth Projection For FY 2021-22 Remains Unchanged At 10.5%: RBI
Edited by Peter Noronha | Wednesday April 07, 2021Meanwhile, the RBI Governor kept the key rates unchanged amid concerns that rising Covid infections could derail the country's nascent economic recovery
RBI Monetary Policy Highlights: Repo Rate Steady, Growth Projection Retained At 10.5%
Edited by Nikita Prasad (With inputs from Agencies) | Wednesday April 07, 2021RBI Monetary Policy Highlights: RBI Governor Shaktikanta Das-led Monetary Committee maintained the status quo for the fifth time in a row, keeping the key lending rates unchanged
As Covid Cases Spiral Upwards, Will Reserve Bank Hold Rates Steady?
Edited by Peter Noronha | Tuesday April 06, 2021RBI Monetary Policy: All economists surveyed by Bloomberg as of Monday expect the six-member Monetary Policy Committee to keep the repo rate unchanged at 4 per cent
RBI May Keep Rates Unchanged As Record Covid Cases Threaten Economy
Anirban Nag and Subhadip Sircar, Bloomberg | Tuesday April 06, 2021All economists surveyed by Bloomberg as of Monday expect the six-member Monetary Policy Committee to keep the benchmark repurchase rate unchanged at 4 per cent on April 7
