Paper co-authored by SBI chief economist Soumya Kanti Ghosh underscores how policies geared towards boosting real income and reducing inflation could help hike savings rate in India.
Despite inflation surpassing upper limit of 6%, RBI kept rates unchanged & since growth in income per head has been anaemic since 2019 polls, govt's happy to see attempts to rectify this.
Central bank’s rate-setting body felt that it was time to assess impact of past hikes, while also staying ready to increase interest rates again if needed, said RBI Governor Shaktikanta Das.
Average price of 1L milk is Rs 56.8 — up from Rs 51.4 last yr. Since October 2022, inflation in milk prices has outpaced general rate of price rise in India. Higher demand another factor.
Growth in the country's dominant services industry eased last month from February's 12-year high due to a softer expansion in demand, according to a private survey.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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