NEW DELHI: Pan-global ‘vaccine optimism’ and inflow of foreign funds (more than Rs 1.5 million lakh crore since January) continue to drive benchmark BSE sensex to new highs, with the index breaking the 47,000 mark on Friday. The gain came even as the Covid-hit economy entered a technical recession, with …
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NEW DELHI: Retail inflation in November it fell to 6.93 percent from a year earlier, helped by a smaller rise in food prices, government data showed Monday. The figure stood at 7.61 percent in the previous month. According to CPI data, inflation in the food basket was 9.43 percent in …
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MUMBAI: Clients will soon be able to transfer funds via real-time gross settlement (RTGS) which will be available 24 hours a day in the coming days, Reserve Bank of India (RBI) Governor Shaktikanta said on Friday. You give. “The RTGS system will soon go 24/7 in the next few days …
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Maintaining the status quo for the third time in a row, the Reserve Bank of India decided on Friday to keep the benchmark interest rate unchanged at 4%, but maintained an accommodative stance, implying further rate cuts to come. if the need arises to support the economy hit by the …
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India’s retail inflation rose to the highest in more than six years due to high food prices. According to data from the Consumer Price Index (CPI) published by the Ministry of Statistics and Program Implementation, inflation stood at 7.61% in October, the highest since May 2014. Retail inflation registered 7, …
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New Delhi: Stung by the coronavirus pandemic, industrial production contracted 8 percent in August, mainly due to lower output from the manufacturing, mining and power generation sectors, official data showed on Monday. According to data from the Industrial Production Index (IIP), the production of the manufacturing sector registered a decrease …
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[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …
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