by PTI News | Apr 8, 2022 | 4:10 pm | Economy, News
Mumbai, Apr 8 (PTI) The Reserve Bank is working with the government to thrash out a payment settlement solution for Indo-Russian trade, which is hit by the economic sanctions imposed on Moscow after it invaded Ukraine, but asserted that any such solution will be 'sensitive' to the prevailing economic blockade, the central bank said.RBI Governor [...]
by PTI News | Apr 8, 2022 | 4:08 pm | Economy, News
New Delhi, Apr 8 (PTI) Welcoming the RBI's move to keep the borrowing costs unchanged on Friday, India Inc said the central bank has maintained a fine balance to support growth as well as keep inflation within the target range amid geopolitical worries. The Reserve Bank of India (RBI) kept borrowing costs unchanged at a [...]
by PTI News | Apr 8, 2022 | 3:56 pm | Economy, News
New Delhi, Apr 8 (PTI) The Union Cabinet on Friday approved a scheme to distribute fortified rice under government programmes in three phases, Information and Broadcasting Minister Anurag Thakur said. FCI and state agencies have already procured 88.65 LMT of fortified rice for supply and distribution. Giving details to media after the Cabinet meeting, Thakur [...]
by PTI News | Apr 8, 2022 | 3:45 pm | Economy, News
New Delhi, Apr 8 (PTI) Air conditioner maker Daikin India on Friday inaugurated the Daikin Japanese Institute of Manufacturing Excellence (DJIME) at Neemrana in Rajasthan with an aim to train 1.50 lakh Indian youth by 2025. DJIME aims to offer training programmes based on a curriculum that will include on-the-job training, HVAC (Heating, ventilation, and [...]
by PTI News | Apr 8, 2022 | 3:26 pm | Economy, News
Mumbai, Apr 8 (PTI) The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war.However, the central bank asserted that it will use all available tools to defend [...]
by PTI News | Apr 8, 2022 | 2:38 pm | Economy, News
Mumbai, Apr 8 (PTI) The Reserve Bank of India (RBI) on Friday kept borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth despite inflation edging higher in the aftermath of Russia's war in Ukraine.RBI's six-member Monetary Policy Committee voted to hold the [...]
by PTI News | Apr 8, 2022 | 2:22 pm | Economy, News
Mumbai, Apr 8 (PTI) With geopolitical tensions clouding the price situation, the Reserve Bank of India (RBI) has raised the retail inflation projection for the current financial year to 5.7 per cent from earlier forecast of 4.5 per cent, though it expects moderation in prices of cereals and pulses on a likely record harvest of [...]
by PTI News | Apr 8, 2022 | 2:18 pm | Economy, News
New Delhi, Apr 8 (PTI) The Finance Ministry on Friday said it has released the first instalment of revenue deficit grant of Rs 7,183 crore to 14 states.The grant has been released as per the recommendations of the 15th Finance Commission to Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, [...]
by PTI News | Apr 8, 2022 | 12:52 pm | Economy, News
Mumbai, Apr 8 (PTI) The Reserve Bank on Friday took steps towards normalisation of liquidity management to pre-pandemic levels, with the introduction of the standing deposit facility (SDF) as the basic tool to absorb excess liquidity, and narrowing the liquidity adjustment facility (LAF) to 0.50 per cent from the 0.90 per cent. Governor Shaktikanta Das [...]
by PTI News | Apr 8, 2022 | 12:48 pm | Economy, News
Mumbai, Apr 8 (PTI) Seeking to facilitate a higher credit flow of individual housing loans, the RBI on Friday extended the rationalised home loan norms by another year till March 31, 2023.In October 2020, the Reserve Bank as a countercyclical measure to deal with the COVID situation had rationalised the risk weights by linking them [...]
