RBI likely to retain interest rates on inflation concerns

The Reserve Bank is likely to keep the benchmark interest rates unchanged in its next monetary policy review in view of heightened retail inflation which has persistently remained above its comfort level, feel experts. Continue Reading

RBI keeps interest rate unchanged, pegs growth at 6%

The Reserve Bank of India today opted for a status quo on benchmark interest rate after the Union Budget for 2020-21 slipped on fiscal deficit target and there were signs of hardening inflation amid an uncertain global environment. Continue Reading

India’s manufacturing sector activity inches up in November

The country’s manufacturing sector activity inched up in November but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said today. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a slight improvement in the health of the sector. Continue Reading

Nobel laureate Banerjee speaks on economic crisis in India

Nobel laureate Abhijit Banerjee said the government’s stringent commitment to low inflation has resulted in farm distress by adversely impacting support price for agricultural produce. Striking a note of caution, he said Prime Minister Narendra Modi has more faith incorporates than him. Continue Reading

India’s services sector activity contracts in Septemeber

The country’s services sector activity contracted in September and fell to its lowest level since February 2018, amid weak demand, competitive pressures and challenging market conditions, a monthly survey showed today. Continue Reading