The Reserve Bank of India (RBI) kept its key interest rates unchanged on Friday but cut the cash reserve ratio by 50 basis points to bring enough liquidity in the banking system.
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
Out of the 25 economists who provided full-year growth forecasts in the previous quarterly survey, 16 of those lowered their predictions, while nine maintained the same expectations. However, the overall range of growth predictions over the Chinese shifted downward.
With the Congress and some other opposition parties targeting the government over the UPSC's move to invite applications for 45 mid-level posts through lateral entry, sources said that several technocrats, economists and other specialists had joined the government during the rule of Congress
Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
Prime Minister Narendra Modi inaugurated the 32nd International Conference of Agricultural Economists (ICAE) on Saturday and said that India is finding solutions for global food and nutrition security.
The triennial conference, organised by the International Association of Agricultural Economists will be held from 2 to 7 August 2024. The ICAE is being held in India after 65 years.
In June 2024, the trade deficit stood at USD 8.00 billion, up from USD 7.00 billion in June 2023. This USD 1 billion increase highlights a growing gap between the country's imports and exports, raising concerns among economists and policymakers about the underlying economic dynamics.
After the retail inflation data showed that food inflation in June almost doubled year-on-year to 8.3 percent, economic experts are optimistic that food inflation will decrease in the coming months.
This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a key step as the government gears up to present its comprehensive Budget for its third term on July 23.
The post read, "Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the fourth Pre-Budget Consultation with representatives from Farmer Associations and Agriculture Economists ahead of the forthcoming General Budget 2024-25 in New Delhi, today. The #PreBudget consu