The Reserve Bank Friday lowered its retail inflation projection for the second half of the current fiscal to 3.9-4.5 per cent mainly because of an unusually benign trend in food prices. Food inflation has remained unusually benign, which imparts a downward bias to its trajectory in the second half of the year, the central bank said in its fourth bi-monthly monetary policy unveiled here. 'Inflation is projected at 4 per cent in second quarter (July-September) 2018-19, 3.9-4.5 per cent in H2 (October-March) and 4.8 per cent in Q1:2019-20 (April-June), with risks somewhat to the upside,' it added. Watch now. (Text: IANS)
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The Reserve Bank Friday lowered its retail inflation projection for the second half of the current fiscal to 3.9-4.5 per cent mainly because of an unusually benign trend in food prices. Food inflation has remained unusually benign, which imparts a downward bias to its trajectory in the second half of the year, the central bank said in its fourth bi-monthly monetary policy unveiled here. 'Inflation is projected at 4 per cent in second quarter (July-September) 2018-19, 3.9-4.5 per cent in H2 (October-March) and 4.8 per cent in Q1:2019-20 (April-June), with risks somewhat to the upside,' it added. Watch now. (Text: IANS)
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Fitch Ratings has upwardly revised its forecast for India's economic growth to 7.8 per cent from 7.4 per cent for the current financial year ending in March 2019, it said in a statement on Friday. 'The economic outlook is subject to several headwinds including tightening of financial conditions, a rising oil bill and weak bank balance sheets,' the statement added. (Text: Reuters)
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'पिछले 10 महीने से Retail Inflation RBI के तय मानकों से ज्यादा रहा है' | Supriya Shrinate
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In a major policy shift, the six-member monetary policy committee (MPC) headed by Governor Shaktikanta Das on Thursday lower the repo rate by 25 basis points to 6.25 per cent in 4-2 vote. RBI has thus cut rate for the first time in 17 months. The last rate cut happened in August, 2017.
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The Reserve Bank of India's contingency fund fell to Rs 1.96 lakh crore on June 30, 2019 compared to Rs 2.32 lakh crore on the same date last year, a drop of 15 per cent year-on-year, as per the central bank's annual report.The currency and gold revaluation account also saw a slide from Rs 6.96 lakh crore to Rs 6.64 lakh crore, the report said.The contingency fund fell after the excess payout of Rs 52,000 crore.However as per calculations by experts, the actual gain to the government from the RBI's surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore.The government has already budgeted Rs 90,000 crore as the dividend for FY20 and Rs 28,000 crore interim dividend has already been paid by the RBI to government in March 2019.
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Watch RBI Annual Report: Central bank's income plunges to Rs 1.93 lakh cr in FY19 With HD Quality
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New Delhi: The country's largest lender State Bank of India (SBINSE -1.04 %) on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal.As per the assessment done by the RBI, the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank for 2018-19, SBI said in a regulatory filing.
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Watch SBI under-reported bad loans by RS 11,932 crore in FY19, finds RBI report With HD Quality
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At a press meet after the three-day Monetary Policy Committee meet, RBI Governor Shaktikanta Das announced the fifth consecutive repo rate cut of 25 basis points while maintaining an accommodative stance and slashing projected GDP for ro19-20 from 6.9% to 6.1%. Here are the key announcements from the press meet. Watch
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Projection For Real GDP Growth Is Retained At 9.5% For 2021-22: RBI Governor | Catch News
The Reserve Bank of India (RBI) has decided to retain projection for real GDP growth at 9.5% for 2021-22. “The projection for real GDP growth is retained at 9.5% for 2021-22... Consumer Price Index (CPI) inflation is projected at 5.7 % during 2021-22 - this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI inflation for the first quarter of 2022-23 is projected at 5.1%,” said RBI Governor Shaktikanta Das on August 06.
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IKEA Retail India, part of the Swedish furnishing giant IKEA, has announced that the opening date of the first Indian store in Hyderabad will be moved from 19th of July to 9th August, 2018. Here's a sneak peek into the first of the many stores that is coming up in India.
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Slowdown in consumption, tussle between domestic and foreign retail enterprises and taxation troubles are some of the issues that beset the Indian retail sector. ET's Shambhavi Anand lists out the expectations of the retail industry from Union Budget 2019.
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মানুহৰ জীৱনৰ ধৰ্ম আৰু কৰ্ম কিহৰ দ্বাৰা পৰিচালিত হয়?
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চুতীয়া শব্দৰ উৎপত্তি আৰু চুতীয়া সকলৰ ইতিহাস
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PEG क्या है, इसे PEG क्यों कहा जाता है? | What Is Peg
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What is Wheat Beer? | व्हीट बीयर क्या है?
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भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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