Court ruled NCDRC's 16-yr-old decision 'appropriated' the RBI's jurisdiction. The commission had acted on a petition alleging exploitation of credit card holders.
RBI has hiked interest rates by 250 basis points since May 2022 to combat inflation. Study by central bank says growth might have been ‘sacrificed’ by 65 basis points due to this.
Goyal was one of the 2 members who voted against a rate hike and for the policy stance to be changed to 'neutral' from the current 'withdrawal of accommodation' at the February meet.
RBI is weighing the need for supporting growth despite surging inflation keeping in mind factors such as localised lockdowns, widening output gap and rising jobless rate.
All 8 emerging Asian economies, including India & Indonesia, are expected to hold benchmark interest rates steady through 2021, according to forecasts by economists.
Visits by newly elected leaders in neighbouring countries to New Delhi are seen as a reiteration of a stable regional future. This seems to be changing now.
In interview to ThePrint, Rolls-Royce top official Sashi Mukundan took a dig at rival Safran, saying there are just 3 genuine engine manufacturers, with two in US, the 3rd being them.
However, to use the oldest cliche in central banking, the RBI should keep its powder dry. The new Fed Chair was brought in to cut rates but most observers expect two rate hikes in 2026 itself.
However, to use the oldest cliche in central banking, the RBI should keep its powder dry. The new Fed Chair was brought in to cut rates but most observers expect two rate hikes in 2026 itself.