RBI MPC Keeps Repo Rate Unchanged at 6.5%, Raises Inflation Forecasts
Reserve Bank of India (RBI) governor Shaktikanta Das announced on Thursday that the RBI’s monetary policy committee (MPC) unanimously decided to keep the repo rate...
Category : ECONOMY
RBI Policy: Repo Rate Unchanged at 6.5%, RBI Cuts FY24 Inflation Forecast
On Thursday, the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) announced its decision not to raise the repo rate. In announcing the decision,...
Manufacturing PMI Hits 31-Month High in May, Boosted by Demand and Output
India’s manufacturing activity rose to a 31-month high of 58.7 in May from 57.2 in April, a private survey showed on Thursday, helped by a...
GDP Increased 6.1% in Q4
The Indian economy grew 6.1% in the January-March quarter (Q4) for FY22 to Rs 43.6 lakh crore, with the growth rate for 2022-23 to 7.2%,...
RBI Board Approves Transfer of Rs 87,416 Crore to Govt as Dividend for 2022-23
The central board of the Reserve Bank of India (RBI) has approved the transfer of Rs 87,416 crore for 2022-23 as surplus to the central...
Per Capita GDP for Bangladesh Higher Than India Till 2022: IMF
Bangladesh will continue to have a higher gross domestic product (GDP) per capita than India through 2022, according to the latest figures from the International...
April’s GST Collections Scale Plunged Rs 1.87 Lakh Crore
According to the Union Finance Ministry’s data, the government collected a huge Rs 1.87 lakh crore of Goods and Services Tax (GST) in April. At...
India’s Foreign Exchange Reserves Fell by $2.1 Billion
For April ending quarter, the country’s foreign exchange reserves tumbled by $2.1 billion to reach $584.2 billion, according to the latest data released by the...
India’s Economy Shows Resilience Even as Export Outlook Dims
India’s economic activity remained resilient in March. However, a slowing pace of exports and rising unemployment have dimmed the outlook for the country, which overtook...
Remittances to India Cross $100 Billion Mark by 2022
India has become the first country in the world to cross the $100 billion mark in annual remittances from overseas. According to the World Bank,...