Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP. This will be almost three times the outlay in 2019-20.
New Delhi [India], February 10 (ANI/NewsVoir): The Reserve Bank of India (RBI) recently raised its repo rate by 25 basis points, taking the total interest rate to 6.5 per cent. While this is only a nominal increase and is not expected to impact the real estate sector, both residential and co
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
RBI Governor Shaktikanta Das said, "The situation has shown improvement in Q3:2022-23 (third quarter or October-December) as imports moderated in the wake of lower commodity prices, resulting in narrowing of the merchandise trade deficit."
Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country.
The GDP projections for Q1, Q2, Q3, and Q4 2023-24 are estimated at 7.8 per cent, 6.2 per cent, 6.0 per cent, and 5.8 per cent, respectively, with risks, evenly balanced.
Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav today addressed the Ministerial Session on 'Adapting to an Uncertain Future: Reshaping of Global Partnerships' at India Energy Week in Bengaluru.
The Union Budget has been prepared to aim to increase the GDP growth, bringing economic stability and supporting the weaker sections of the society, the Union Finance Secretary TV Somanathan said on Thursday.
Chhattisgarh Chief Minister Bhupesh Baghel has compared the GDP growth rate of the nation during the Congress-led UPA government and the current BJP-led NDA government after the Union Budget 2023 was presented on Wednesday.