Indian economy is set to potentially log a stable high growth phase ahead, Shashank Bhide, Monetary Policy Committee member, RBI, said. The economy remains in a strong position in light of the major risks the country is facing, he pointed out. In a conversation with PTI, the official noted that the domestic economic activity is…
In the latest Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das attributed the sluggish decline in overall retail inflation to persistent high food prices. The minutes of the meeting, released on Friday, reveal that the MPC voted 4:2 to maintain the benchmark interest rate (repo) at 6.25 per cent for…
RBI Bulletin: Retail inflation in India is gradually easing, though volatile and elevated food prices are disrupting the path of disinflation, according to the Reserve Bank of India’s (RBI) latest Bulletin released on Wednesday. In the June 2024 Bulletin, an article on the “State of the Economy” noted that global growth showed resilience in the…
The government could consider providing income tax relief for individuals in the lowest slab in the upcoming Budget for 2024-25, the newly elected President of CII, Sanjiv Puri, said. The official noted that in light of surging inflation levels, the authorities might need to simplify tax structure and the TDS system. In a conversation with…
Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. In the previous trading session on Thursday, both primary equity indicators, the Sensex and Nifty, concluded with slight upticks following earlier peaks….
Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. The GIFT Nifty traded in red on Wednesday morning below the 23,300 mark. Investors will keenly await the inflation data for May,…
Global trends, domestic inflation figures, and the interest rate decision from the US Federal Reserve would drive markets in the week, analysts noted. The experts said that with the Lok Sabha elections result and the RBI interest rate decision announced, the markets would be impacted by the macroeconomic announcements in the week. The investors last…
The European Central Bank (ECB) on Thursday confirmed a widely anticipated reduction in interest rates, despite persistent inflationary pressures in the 20-nation euro zone, CNBC reported. This decision lowers the central bank’s key rate to 3.75 per cent, down from a record high of 4 per cent, where it had remained since September 2023. “Based…
Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. Japan’s Nikkei rallied ahead on Monday morning, while the MSCI’s broadest index of Asia-Pacific shares outside Japan also logged gains in the…
Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. The GIFT Nifty on the NSE IX dipped 64 points, equivalent to 0.28 per cent, to 22,950.50, indicating a potential negative opening…
