ECONOMY


Moneylife Digital Team 05 April 2024
As predicted by economists, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its first bi-monthly meeting for FY24-25. The marginal standing facility (MSF) rate and the bank rate will be steady at 6.75%. It has been 14 months...

Read More



India's services sector growth accelerated in March on the back of strong demand, leading to employment increasing at the fastest rate in seven months and export business expanding at a record pace during the month, according to an HSBC survey released on Thursday.   HSBC India Services...

Read More



Moneylife Digital Team 19 March 2024
While expecting gradual easing of liquidity to stabilise lending rates, India Ratings and Research (Ind-Ra) says the Indian economy is in the middle of coordinated tightening on the fiscal, monetary, liquidity and regulatory fronts, the aggregate impact of which will be felt in...

Read More



The high visibility of structural demand and healthier corporate and bank balance sheets are likely to propel India’s growth going forward even as the global economy is losing steam, according to the Reserve Bank of India's (RBI’s) monthly bulletin released on Tuesday.   The report states...

Read More



India's inflation rate based on the Wholesale Price Index (WPI) eased to 0.2% in February, from 0.27% in January, data released by the Commerce and Industry Ministry on Thursday showed.   This is the third consecutive month of decline in the annual rate of WPI inflation, which had...

Read More



India's retail inflation slowed to a four-month low of 5.09 per cent in February bringing some relief to household budgets, official figures released on Tuesday showed.   The retail Inflation in January was a tad higher at 5.1 per cent.   There was a sharp decline in cooking...

Read More



Moody's Investor Service on Monday raised India’s GDP growth forecast and expects the country to remain the fastest growing economy among the G-20 nations in 2024.   "India's economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth...

Read More



IANS 29 February 2024
India's economy sprang a surprise with an 8.4 per cent surge in GDP growth during the third quarter (October-December), as a result of which the country's economic growth rate for the financial year 2023-24 is now estimated at a robust 7.6 per cent, figures released by the National Statistics...

Read More



IANS 21 February 2024
Credit rating agency ICRA on Wednesday said India’s gross domestic product (GDP) would grow at 6% in Q3FY23-24 from 7.6% in Q2FY23-24.   Further, the Gross Value Added (GVA) growth is estimated to ease to 6% in Q3FY23-24 from 7.4% in Q2FY23-24,, driven by the industrial and...

Read More



IANS 21 February 2024
RBI (Reserve Bank of India) economists, in a report released on Tuesday, rejected the IMF (International Monetary Fund) view that India’s debt-GDP (gross domestic product) ratio has the potential of shooting past 100% if historical shocks materialise and, hence, the country needs to go cut...

Read More



Moneylife Digital Team 16 February 2024
INDIAN MARKET TRENDS From 9th February to 15 February 2024, the Sensex, the NIFTY and ML Mega-cap Index rose 1% each. ML Large-cap Index and ML Mid-cap Index fell 1% each. ML Small-cap Index fell 2%. ML Micro-cap...

Read More



Late last week, the National Democratic Alliance (NDA) finally came up with a White Paper on the Indian economy. It was not about the current economic situation or a road map for the next five years but a frontal attack on the United Progressive Alliance (UPA) regime which was in power from...

Read More



Finance minister Nirmala Sitharaman’s ‘White Paper on the Indian Economy’ has presented a detailed analysis of the ‘policy paralysis’ and governance issues of the 2004-2014 period. The Paper also lists 15 major scams which played a key role in turning public opinion against the UPA (United...

Read More



IANS 14 February 2024
India's inflation based on the wholesale price index eased to 0.27 per cent in January compared to 0.73 per cent in December, data released by the Commerce and Industry Ministry on Wednesday showed.   The prices of manufactured goods as well as fuel and power declined during the month...

Read More



IANS 14 February 2024
Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates.   The Fed halted the rate hike after a 52-week long fight to rein in the price pressures on the...

Read More



IANS 13 February 2024
Billionaire Sajjan Jindal-led JSW Steel has formed a joint venture with Japan's JFE Steel Corporation to invest Rs5500 crore for setting up a plant to manufacture grain-oriented electrical steel in India, JSW said in a statement on Tuesday.   The factory, to be built in...

Read More



Moneylife Digital Team 12 February 2024
As many as nine non-banking financial companies (NBFCs) and one housing finance companies (HFCs) have surrendered their certificates of registration (CoR) to Reserve Bank of India (RBI) for various reasons, including exit from the business, amalgamation and new regulatory changes that do not...

Read More



Moneylife Digital Team 08 February 2024
As predicted by economists, the monetary policy committee (MPC) of Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its February bi-monthly meeting. The marginal standing facility (MSF) rate and the bank rate will be steady at 6.75%. RBI's policy stance continues to be...

Read More



IANS 08 February 2024
Union Finance Minister Nirmala Sitharaman presented a 59-page 'White Paper' in the Lok Sabha on Thursday, highlighting the economic mismanagement by the erstwhile United Progressive Alliance (UPA) government, and comparing the country’s economic performance between the UPA years and 10 years...

Read More



IANS 05 February 2024
The 22nd Law Commission, chaired by Justice Ritu Raj Awasthi (retd), has recommended amendments in the Prevention of Damage to Public Property Act saying that the law passed in 1984 seems to have failed in its stated objective of preventing the destruction of public property.   The...

Read More

Free Helpline
Legal Credit
Feedback