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Lower oil prices open door for MPC to time policy normalisation: ICICI Research
New Delhi: With oil prices down 16 per cent since the June Monetary Policy Committee (MPC) meeting and geopolitical risks easing, the inflation outlook has…
El Nino Impact: Milk prices likely to go up, again
Pune: Milk prices, already up 2-3% in May, could rise further by July or August if El Nino and a deficient monsoon deepen fodder shortages…
Rs 19,700-crore carbon capture scheme gets nod
New Delhi: The expenditure finance committee, under the finance ministry, has cleared a ₹19,700-crore scheme to help develop technologies and reservoirs to capture and store…
PLI, duty incentives soon for Lithium, Nickel processing units in India
New Delhi: India is set to approve incentives for setting up lithium and nickel processing units as it seeks to build domestic refining capacity and…
India’s first export of fresh Uttarakhand Litchi to Italy marks entry into European market
India sent its first export consignment of fresh Uttarakhand litchi from Dehradun to Italy, marking the Himalayan state’s entry into the European market, the government…
India, Uzbekistan aim to double bilateral trade in 3 years
New Delhi: India and Uzbekistan have agreed to deepen trade, address non-tariff barriers and work towards doubling bilateral trade in next three years, the government…
RBI revises Kisan Credit Card norms, standardises crop season definition
Mumbai: The Reserve Bank on Friday revised the Kisan Credit Card (KCC) Scheme, standardising the definition of crop seasons to ensure uniformity in sanctioning of…
Seven-fold rise in funds under externally aided projects in northeast under Modi government: Nirmala Sitharaman
Shillong: Union Finance Minister Nirmala Sitharaman on Friday said externally aided projects should not be viewed merely as financing mechanisms, but as instruments for local…
RBI MPC minutes: Policy misstep fears drove rate pause amid West Asia uncertainty
Potential risks of making policy misstep forced the monetary policy committee to adopt a wait and watch approach and kept the repo rate unchanged amid…
RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes
India’s heavy reliance on imported oil and fertilisers routed through the Strait of Hormuz, its dependence on remittance inflows from the Gulf and the possibility…