Gold prices edged lower on Wednesday after the United States delayed tariffs on some Chinese imports, easing trade concerns, although political uncertainties and lingering global growth concerns limited losses for the safe-haven metal.
The Bimal Jalan committee met for the last time on Wednesday before it submits its report on the formula to be adopted for transfer of the RBI's surplus to the government, official sources said.
India’s annual wholesale price inflation in July eased to a 25-month low of 1.08%, indicating manufacturers are losing their power to raise prices as an economic slowdown deepens.
India’s annual wholesale price inflation in July eased to 1.08 per cent from a year ago period, government data showed on Wednesday, boosted by a fall in prices of fuel products. Wholesale food prices in July rose 4.54 per cent.
Two successive finance ministers, Piyush Goyal in Interim Budget and Nirmala Sitharaman in Budget 2019, missed golden opportunities to revive the consumption cycle. It has cost the Indian economy two precious quarters, probably more
Ten-year yields hit 6.30% on August 7, the day of the RBI’s larger-than-expected 35 bps rate cut, and had fallen about 1.2 percentage points since February through the day of last week’s cut.
Negative interest rate policy - an unconventional gambit once only considered by economies with chronically low inflation such as Europe and Japan - is becoming a more attractive option for some other central banks to counter unwelcome currency rises.
India's retail inflation inched lower to 3.15 per cent in July from 3.18 per cent in June and 4.17 per cent in the corresponding month of the previous year.
The slowdown-hit economy may soon get a booster dose from the government with Finance Ministry working on a stimulus package for the industry may include a slew of financial measures ranging from tax cuts, subsidies and other incentives.
India’s fuel demand rose 3.3 per cent in July, marking its biggest year-on-year percentage gain since January, compared with the previous year.
The increase is more than 238 per cent (from 15.22 million to 51.47 million) for exotic/crossbred animals between 1992 and 2019, a period that witnessed a 26 per cent-plunge in the numbers for indigenous/nondescript breeds (from 189.37 million to 139.82 million).
The 66-year-old is undergoing treatment in the Intensive Care Unit (ICU) under the supervision of a multidisciplinary team of doctors.
Former Indian finance minister Arun Jaitley, a close ally of Prime Minister Narendra Modi, was admitted to hospital on Friday after complaining of breathing difficulties. Jaitley, 66, a diabetic, stepped down in January this year due to ill health before elections that returned Modi's Bharatiya
Former Union Finance Minister and senior BJP leader Arun Jaitley was admitted to the All India Institute of Medical Sciences in New Delhi on Friday morning, who underwent a kidney transplant last year. No update on his health has been reported as of yet.
Former finance minister Arun Jaitley has been admitted to the All India Institute of Medical Sciences in New Delhi for a medical check-up.
Gold prices on Wednesday surpassed the Rs 38,000 per 10 gram mark for the first time ever, amid heightened trade tension between US and China and marked slowdown in global economic activity.
To shore up slackening growth, the Reserve Bank of India (RBI) on Wednesday broke with convention by reducing its key lending rates by 35 basis points which is expected to make home and auto loans cheaper and rev-up the economy by unleashing consumption-led demand.
Bankers and experts on Wednesday hailed the RBI's unprecedented cut of 35 bps in repo rate acknowledging the economic slowdown and lending support through the fourth successive reduction in the rates.
The RBI maintained its “accommodative” stance but said further rate reductions would depend on the level of inflation.
Weak domestic and demand conditions led the Reserve Bank of India on Wednesday to cut its economic forecast to 6.9 per cent for 2019-20 from 7 per cent earlier.
India’s retail inflation rose for the sixth straight month in July - the longest stretch of monthly increases since January 2016 - to a nine-month high, largely due to a continued rise in food prices, a Reuters poll predicted.
India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy.
India’s services activity bounced back in July and expanded at the fastest pace in a year after contracting the previous month, driven largely by strong growth in international demand, a private survey showed on Monday.
Indian market changed course to end in the green on Friday, this post reports emerged that government may consider taking back its decision to impose surcharge on FPIs and also relax 35% free float norm.