Accommodative policy means rate hike’s off table, says RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) governor Shaktikanta Das spoke to Deepshikha Sikarwar and MC Govardhana Rangan about his vision for the financial sector, the economy and how he intends to steer one of the country’s most important institutions. Edited excerpts: The July 5 budget is behind us with the government doing what it could with … Read moreAccommodative policy means rate hike’s off table, says RBI Governor Shaktikanta Das

Modi govt never allowed inflation to raise its dirty head: Sitharaman

The Modi government never allowed retail inflation to “raise its dirty head” to cause inconvenience to the common man and has kept complete control over price rise since 2014, Finance Minister Nirmala Sitharaman said Friday. Replying to a general discussion on Union Budget 2019-20 in the Rajya Sabha, she said inflation is an important indicator … Read moreModi govt never allowed inflation to raise its dirty head: Sitharaman

Economic activity clearly losing traction: Shaktikanta Das said at MPC meet

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MUMBAI: The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Governor Shaktikanta Das while voting for a 25 basis points (bps) rate cut along with other five members at the MPC meet earlier this month. Das, as per the minutes of the … Read moreEconomic activity clearly losing traction: Shaktikanta Das said at MPC meet

Despite RBI rate cut, market looks for more growth impetus

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Kolkata: Economic expansion and inflation forecasts for the current fiscal have been written down by the Reserve Bank of India after growth rate fell to a five year low, but a modest quarter point policy rate reduction raised skepticism whether the action is enough to lift investments. With monetary transmission remained less than half for … Read moreDespite RBI rate cut, market looks for more growth impetus

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead RBI to cut rates: SBI report

MUMBAI: The country’s economic growth in the fourth quarter ended March 2019 is expected to moderate to 6.1-5.9 per cent, which could pull down growth rate for the entire fiscal 2018-19 to below 7 per cent, according to a report by SBI. The slip in GDP growth may force the Reserve Bank of India to … Read moreGDP growth in Q4 likely to moderate to 6.1-5.9%, may lead RBI to cut rates: SBI report

Slow down in FY19 on demand, investment, exports: FinMin report

India’s economy slowed down slightly in the last fiscal due to declining growth in private consumption, slow increase in fixed investment and muted exports though it is still fastest growing major economy, says the Finance Ministry’s monthly report. “The Indian economy is the fastest growing major economy and is projected to grow faster in the … Read moreSlow down in FY19 on demand, investment, exports: FinMin report

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