RBI Governor Shaktikanta Das, who is due to lead a meeting of the policy panel next month, has signalled more tightening to keep inflation from denting household spending power.
The revival in the rupee’s fortunes reflects the country's efforts to tackle the pandemic, with local lockdowns helping to rein in daily cases which were the world’s highest in April.
Former RBI governor Rajan says India’s relative success with first wave likely led to a sense that vaccines could be rolled out slowly, adds that the govt is now in 'emergency mode'.
China, on the other hand which was the only major economy to have a positive growth rate of 2.3 per cent in 2020, is expected to grow by 8.6 per cent in 2021 and 5.6 per cent in 2022.
Tarun Bajaj, Secretary, Economic Affairs said advance tax collection numbers indicate contraction forecast for this year might not be as bad as anticipated.
A sharp contraction in exports & decline in services sector activity weighed on the economy, with half of 8 high-frequency indicators showing weakness.
Dr. Krishnamurthy Subramanian, India's chief economic advisor was the guest at ThePrint's first digital ‘Off The Cuff’ in New Delhi. Subramanian, who is part...
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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