Growth is slipping, time for complacency is over
No matter how good festival buying eventually turns out to be, it alone can’t drive growth, especially when multiple distress signals are coming from job and income fronts.
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India's GDP likely to grow 7.5% in Q1 FY24: RBI
The RBI report notes that high-frequency indicators are pointing to a quickening of the momentum of aggregate demand.
Extreme weather conditions, prolonged geopolitical tensions to keep crude oil prices volatile: RBI
"Overall, the second-round effects of food and fuel inflation on headline have become subdued, especially after the adoption of flexible inflation targeting (FIT) in India," says the apex bank.
IIFL Finance shares surge 10% after Fairfax commits $200 mn liquidity support
Fairfax India Holdings Corporation announced its commitment to provide liquidity support worth $200 million to the company, amidst the Reserve Bank of India's (RBI) ban on issuing gold loans.
RBI directs banks to provide customers with options for multiple card networks
The directions do not apply to card issuers who issue credit cards on their own authorised card networks.
Why A Weak Rupee Looked Strong In CY23
Rupee saw the least percentage fall on buoyant FPI flows and benign crude, but an encore will depend on Fed rate cuts and oil staying lower.
2024 Ahoy! Why RBI must focus on big threats to fiscal health
The central bank’s focus on states with good fiscal management records while giving more than a free pass to delinquent industries and the Centre is counter-productive.
Current account deficit narrows to 1% of GDP at $8.3 bn in Q2: RBI
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
RBI raises UPI limit for education, medical services; ups e-mandate limit on cards
At present, the UPI transaction limit, excluding capital markets, collection, retail direct scheme and IPO (initial public offering) subscription, has been capped at ₹1 lakh.
50% of ₹2000 notes have come back: RBI governor
About 85% of ₹2000 notes have come back as deposits, says Shaktikanta Das
