Tag: Reserve Bank of India
GST cuts to boost economy, but revenue loss could hit banking sector: Report
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on…
RBI to back sticking with headline inflation target ahead of review, sources say
India’s central bank is expected to recommend retaining an existing inflation target for a third consecutive time following feedback from stakeholders who backed the framework,…
RBI forms committee for periodic review of regulations
The Reserve Bank of India on Wednesday announced that it has constituted a Regulatory Review Cell (RRC), in a bid to strengthen the institutional mechanism…
Inflation’s ways give room for a rate cut, but RBI may not do it
India’s inflation environment remains benign as reinforced by the latest Consumer Price Index (CPI) print, providing space for potential monetary easing. However, most economists, including…
Economists lower India inflation forecasts despite August uptick; GST reforms supportive
India’s retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country’s broader…
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision
India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of…
RBI imposes Rs 21 lakh penalty on PhonePe
The Reserve Bank of India on Friday said it has imposed a penalty of Rs 21 lakh on PhonePe Limited for non-compliance with certain norms…
Retail inflation quickens to 2.07% in Aug from 1.55% in July
India’s retail inflation quickened to 2.07% in August from an eight-year low of 1.55% in July, driven by fading impact of high base effects, according…
Pimco sees India keeping rates on hold as inflation nears bottom
India‘s central bank is unlikely to cut interest rates as inflation shows signs of bottoming out, Stephen Chang, managing director and Asia portfolio manager at…
Gold on a hot run, central banks and RBI go slow on buys as geopolitics also weighs
Mumbai: Central banks have slowed their gold purchasing, reflecting a cautious approach as they navigate geopolitical uncertainties and elevated bullion prices. However, the long-term trend…