Category: Politics

Prime Minister Narendra Modi will undertake an official visit to China on August 31, marking his first trip to the country since the 2020 Galwan Valley clashes along the Line of Actual Control. ET had first reported on July 15 that the Prime Minister was expected to visit Japan in late August for the annual summit, […]

India Inc’s finance leaders have backed the Reserve Bank of India’s (RBI) decision to retain the FY26 real GDP growth projection at 6.5%, even as global economic risks escalate with a 25% US tariff on select Indian goods and rising geopolitical tensions. In its August 6 policy review, the RBI’s Monetary Policy Committee (MPC) voted unanimously […]

New Delhi [India], August 6 (ANI): The Reserve Bank of India (RBI) is likely to keep the terminal rate at 5.5 per cent for some time in the near-term, asserted Bank of Baroda Economist Jahnavi Prabhakar, citing the central bank’s guidance that future actions will be data dependent and on basis of ongoing development on external […]

Current system is entirely subsidised by the government, with banks and other stakeholders bearing no direct cost, Malhotra acknowledged. RBI Governor Sanjay Malhotra on Wednesday said that UPI may not stay free forever, pointing out that someone will eventually have to bear the cost of running the digital payments system. During the post-Monetary Policy Committee (MPC) […]

Mumbai, Amid uncertainties over global trade front, Reserve Bank Governor Sanjay Malhotra on Wednesday said the central bank is taking all necessary steps to support economic growth. “We will continue to do whatever is required to be done in such a scenario. Of course, trade negotiations are still continuing. We are hopeful that we will have […]

“Liquidity has been infused well. Out of the 100 basis point rate cuts, around 60–65 bps have been transmitted. There’s still monetary space available, especially with low inflation and deflationary trends in wholesale prices. So, it’s a good time to cut now since the transmission into the real economy takes 9–12 months,” says Ajay Bagga, Market […]

The Reserve Bank of India’s (RBI) internal working group has recommended that the central bank continue using the Weighted Average Call Rate (WACR), the overnight interest rate at which banks lend and borrow unsecured funds, as the operative target of monetary policy, Governor Sanjay Malhotra said while announcing the monetary policy measures. The recommendation comes after […]

CPI inflation hits 77-month low, RBI projects 3.1% for FY26, (Image Source: RBI YT) India’s headline retail inflation dropped for the eighth consecutive month in June to a 77-month low of 2.1%, according to the Reserve Bank of India’s (RBI) latest monetary policy statement. The sharp decline was primarily attributed to easing food inflation, improved agricultural […]

The Reserve Bank of India (RBI) on Wednesday kept the policy repo rate unchanged at 5.5 per cent, and maintained a neutral stance as it waits for the effects of its earlier 100 basis points (bps) rate cut to fully percolate through the economy. The Monetary Policy Committee (MPC), which deliberated between August 4 and 6, […]