Cash in circulation (CIC) in the Indian economy has risen sharply since demonetisation. CIC, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21. Five years after demonetisation, most fintechs remain loss-making and must spend millions more to acquire customers and merchants. But cash—anonymous, convenient and handy—is still preferred by the average Indian.
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
Union minister of commerce and industry argued that a $12 billion fund for research in India should not be equated with the same amount a company will invest in innovation in the US or Europe.
In all of the measures, RBI’s stance has remained the same, Das said, with the focus on balancing inflation with growth.
The annual food inflation rate in the month of October stood at 10.87%, jacking up the retail inflation rate to a fourteen-month high of 6.21%.
The U.S. government has acknowledged the allegations against Gautam Adani, reaffirms confidence in navigating the issue with India without straining ties
Union minister of commerce and industry argued that a $12 billion fund for research in India should not be equated with the same amount a company will invest in innovation in the US or Europe.
In all of the measures, RBI’s stance has remained the same, Das said, with the focus on balancing inflation with growth.
