Are we looking at a rate cut in December?
Even though this is partly due to base effect, what is more interesting to note here is that the inflation has averaged at 3.65 per cent for the first two months of the second quarter. The RBI has forecast an average 4.4 per cent inflation in the second quarter.
India has capability to become trusted partner in diversified semiconductor supply chain: PM
Prime Minister Modi stated this while chairing the Semiconductor Executives’ Roundtable at his residence – 7, Lok Kalyan Marg. During the meeting, he said that their ideas will not only shape their business but also India’s future, a statement issued by the Prime Minister’s Office said.
How deep is India’s unemployment problem?
The Economic Survey 2023-24 suggested that India had to create 78.5 lakh jobs in the non-farm sector by 2030 to cater to the rising workforce
Is 7% GDP growth the new normal?
SBI ecnomists has said that for the Asia's third largest economy, an economic growth of 7 per cent looks to be the new normal. "RBI...
Total deposits under Jan Dhan bank accounts grow to Rs 2,31,236 crore
Till now, more than 53.14 crore beneficiaries banked under PMJDY since inception, the data showed.
PMJDY accounts grow 3.6 -fold from 15.67 crore in March 2015 to 53.14 crore as on 14-08-2024
Around 55.6% Jan-Dhan account holders are women and around 66.6% Jan Dhan accounts in rural and semi-urban areas, per the data.
CPI inflation falls to a 5-year low in July: Don’t uncork the bubbly yet
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets convicing signals on a sustainable easing in inflation numbers.
How FM Nirmala Sitharaman failed the middleclass taxpayers and investors in one stroke
Ahead of every Union Budget, there are expectations of some sort of relief for the common man in terms of tax reliefs and welfare measures....
Budget 2024 Live Updates: Long term capital gains tax hiked from 10% to 12.5% in Union Budget
12:30 PM: Long term capital gains tax hiked from 10% to 12.5% in Union Budget. The Union Budget for 2024-25 has hiked the Long-term capital gains tax...
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.
RBI deputy governor Patra says price stability key for growth
The RBI has kept the interest rates steady for eight consecutive monetary policies citing persisting risks to inflation.