Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said 87 per cent of the Rs 2,000 denomination notes being withdrawn have returned as deposits into banks while the rest has been exchanged across counters. Addressing a press conference after the announcement of the bi-monthly monetary policy review, Das said Rs 12,000 crore of the Rs 3.56…
Mumbai: The Reserve Bank of India expectedly left its key interest rate unchanged on Friday as inflation remains a major risk, and signalled it would keep liquidity tight using bond sales to bring prices closer to target. The monetary policy committee, which has three members from the central bank and a similar number of external members,…
Mumbai: The Reserve Bank on Friday retained the inflation forecast for 2023-24 at 5.4 percent, and vowed to take timely measures to prevent any spillovers of global food and fuel price shocks. Stressing that the Reserve Bank has identified high inflation as a major risk to macroeconomic stability and sustainable growth, Governor Shaktikanta Das said…
Mumbai: The Reserve Bank on Friday said India is poised to become the growth engine of the world as it retained the GDP projection for the current fiscal at 6.5 percent. Unveiling the bi-monthly monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das said the domestic economy exhibits resilience on the back of…
New Delhi: Reserve Bank Governor Shaktikanta Das on Friday said it has been decided to include PM Vishwakarma under the Payments Infrastructure Development Fund (PIDF) Scheme as well as extend the tenure of the scheme by another two years. It is now proposed to extend the PIDF Scheme by a further period of two years,…
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said policy consistency, political stability and decisive leadership are essential for the growth and making India the third largest global economy in the years to come. Speaking at the annual day celebrations of the Shri Ram College of Commerce (SRCC), the minister said that ‘flip-flop’ policies affect economic…
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New Delhi: The government on Wednesday hiked the subsidy paid to poor women who got cooking gas connections under Ujjwala scheme, to Rs 300 per cylinder from the current Rs 200, Union Minister Anurag Thakur said. Ujjwala beneficiaries currently pay Rs 703 per 14.2-kg cylinder as against the market price of Rs 903. After the…
New Delhi: Solar and wind energy are poised to drive two-thirds of India’s power generation growth by 2032 if the nation successfully attains its renewable energy targets, according to a new analysis conducted by the global energy think tank Ember. Solar power in India has evolved significantly since 2017 when it accounted for only 1 per…
New Delhi: The Congress on Monday welcomed the Bihar government’s move to release the findings of a caste census and called upon the Centre to immediately conduct a similar exercise at the national level to ensure social justice and provide a firm foundation for social empowerment programmes. Former Congress president Rahul Gandhi said the caste census…
