In its monthly bulletin, the central bank said the country is on course for a growth rate of about 7% in 2022-23. Data for the July-September quarter will be released on November-end.
Indian cities require an estimated capital investment of US$ 840 bn in 15 yrs in urban infra & municipal services, equivalent to 1.18% of estimated GDP over this period, it adds.
Overseas ownership of Indian govt & sovereign bonds has fallen to record lows. FPIs have utilised less than 25% of their investment limit in govt bonds & just 17% in corporate bonds.
It is increasingly a good time to deposit money and an increasingly costly affair to take a loan. Banks are finding that their avenues for lending are more curtailed.
Could the eRupee piggyback as a key piece of the larger 'digital stack'? RBI's concept note gives a direction, but there are concerns that must be addressed.
Adopted by India in October 2016, the inflation targeting framework gives flexibility to the RBI to also focus on growth without undermining its inflation control objective.
The US House has effectively drawn a line in the sand and approved the release of the Epstein files despite President Trump's efforts to stop it from happening.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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