Governor Das addressed by referencing the provisional estimates released by the National Statistical Office (NSO), which placed India's real gross domestic product (GDP) growth at an impressive 8.2 per cent for the fiscal year 2023-24.
The RBI's Monetary Policy Committee (MPC) maintained the status quo on the Repo Rate, keeping it unchanged at 6.5 per cent. The decision comes amidst a backdrop of economic uncertainties both domestically and globally.
Foreign portfolio investors (FPIs) have heavily sold stocks off their portfolio in India on Tuesday, as the broader market witnessed a bloodbath, tracking initial trends in Lok Sabha results.
The Pakistan Cricket Board (PCB) is looking to introduce three different tournaments for each format of the game to reduce the gap in standards between domestic and international cricket.
The two-wheeler sales in India experienced a marginal decline in May as compared to the same period in the previous year. The major two-wheeler manufacturers of the country reported a decrease in sales numbers, reflecting a broader trend in the industry.
The GST collection in May registered a 10 per cent year-on-year growth, driven by a strong increase in domestic transactions (up 15.3 per cent) and a decrease in imports (down 4.3 per cent).
The adjustment follows the new gas pricing mechanism implemented by the government, which sets a floor price of USD 4 per mmBtu and a ceiling price of USD 6.5 per mmBtu for domestic gas.
India's gross domestic product (GDP) surpassed all expectations and stood at 7.8 per cent in the January-March quarter. The full-year 2023-24 GDP has been revised upwards to 8.2 per cent from the second advance estimate of 7.6 per cent, according to data released on Friday by the Ministry
In an about-turn from the economic liberalisation days of 1991 when India shipped out gold and pledged it overseas to avert a looming financial crisis, the country has now shipped in a little over 100 tonnes of its gold reserves held in the UK.
Delhi Water Minister Atishi has written to the Delhi Jal Board CEO, directing him to immediately deploy 200 teams across Delhi to crackdown on the washing of cars with pipes, overflow of water tanks and use of domestic water supply for construction or commercial purposes.