Highlights of RBI monetary policy review
Mumbai: Following are the highlights of announcements made by RBI Governor Shaktikanta Das after the third bi-monthly monetary policy review by MPC on Friday:
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RBI retains real GDP growth projection at 9.5 pc for 2021-22
Mumbai: The Reserve Bank on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started...
Centre should be more into free-spending policies than balancing deficit, budget: Abhijit Banerjee
Kolkata: Nobel laureate economist Abhijit Vinayak Banerjee on Thursday said that the Union government should be more into free-spending policies like other economies of...
ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart
New Delhi: The Enforcement Directorate (ED) has issued a show cause notice of about Rs 10,600 crore to e-commerce major Flipkart and its promoters...
Indian service sector stuck in contraction territory for third straight month in July: PMI
New Delhi: India's services sector remained in contraction territory for the third straight month in July, as business activity, new orders and employment declined...
Four reasons why more people are not buying electric cars yet
Electric vehicles can play an indispensable role in tackling climate change. However their performance in comparison to diesel and petrol cars and lack of battery charging points...
LS passes bill to amend general insurance law without debate
New Delhi: A bill to amend the general insurance law to allow the government to pare its stake in state-owned insurers was passed on...
Govt says no proposal under consideration to waive farmer loans
New Delhi: The government on Monday said there is no proposal under consideration to waive loans of farmers, including Scheduled Caste and Scheduled Tribe...
India”s manufacturing sector sees strongest rate of growth in three months in July
New Delhi: India's manufacturing sector activities witnessed the strongest rate of growth in three months in July amid improved demand conditions and easing of...
After months of work, US senators unveil $1-trillion infrastructure Bill
Washington:US senators introduced a sweeping $1-trillion bipartisan plan to invest in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the chamber...