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Maharashtra will play key role in achieving India`s $5 trillion economy goal: Minister Aditi Tatkare Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India’s journey towards becoming a $5 trillion economy.  She emphasised the need for special financial assistance to the state in the upcoming Union Budget. Minister Tatkare presented Maharashtra’s vision, highlighting its strategic role in realising the Prime Minister’s goal of a ‘Viksit Bharat&...
Maharashtra will play key role in achieving India`s $5 trillion economy goal: Minister Aditi Tatkare
Maharashtra will play key role in achieving India`s $5 trillion economy goal: Minister Aditi Tatkare
Source: IANS
2024-12-21 05:01:57 pm
High prices impinging on India`s growth, central bank minutes show High prices are the cause for demand slowdown in India, and aligning inflation to the central bank's 4% target is key to ensuring sustained economic growth, members of the rate-setting panel said in the minutes of the December meeting. "The policy priority at this critical juncture has to be on restoring the inflation growth balance," Reserve Bank of India Governor Shaktikanta Das said in the minutes of his last monetary policy committee (MPC) meeting released on Friday. L...
High prices impinging on India`s growth, central bank minutes show
High prices impinging on India`s growth, central bank minutes show
Source: Reuters
2024-12-21 10:43:18 am
Rupee strengthens against US dollar on Friday Indian rupee strengthened from its all-time low level against the US dollar on Friday, even as strong economic data and Federal Reserve's hawkish tilt pushed US dollar to 2 year high. An unexpected upward revision to third-quarter US GDP, a dip in jobless claims and an upside surprise in existing home sales showed resilience in the US economy and weakening the need for imminent rate cuts. Likely intervention by the Reserve Bank of India helped rupee to strengthen against the dollar. Howev...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-20 12:06:26 pm
NITI Aayog rolls out S.A.F.E. housing roadmap for industrial workers to boost growth NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India’s manufacturing sector.  India is poised to elevate its manufacturing sector’s contribution to GDP from the current 17 per cent to 25 per cent as part of its long-term vision of achieving Viksit Bharat by 2047. This ambitious goal is aligned with the country’s objectives of becomin...
NITI Aayog rolls out S.A.F.E. housing roadmap for industrial workers to boost growth
NITI Aayog rolls out S.A.F.E. housing roadmap for industrial workers to boost growth
Source: IANS
2024-12-20 09:15:25 am
No relief for rupee as robust US data supports Fed`s hawkish stance The Indian rupee is likely to hold near its all-time low at the open on Friday after robust U.S. data reinforced the view that the Federal Reserve will cut interest rates at a measured pace next year. The one-month non-deliverable forward indicated that the rupee will open at 85.06-85.08 to the U.S. dollar, near its lifetime low of 85.0850 hit on Thursday. The dollar index and U.S. yields extended their post-Fed rally on Thursday. The 10-year U.S. yield hit nearly 4.60%, the highest in ...
No relief for rupee as robust US data supports Fed`s hawkish stance
No relief for rupee as robust US data supports Fed`s hawkish stance
Source: Reuters
2024-12-20 09:00:14 am
Startups have potential to contribute $120 billion to India`s GDP by 2030 Startups will be a core driver of India’s economic growth this ‘Techade,’ likely to contribute nearly $120 billion (or 1.6 per cent) to the country’s GDP by 2030, which will be nearly 3.5 times jump from $35 billion in 2023, according to a new report.  Given that most developed economies see between 5-10 per cent of their GDP being contributed by Tech startups, India’s journey has only just begun, according to the report by venture capital firm Kalaari Ca...
Startups have potential to contribute $120 billion to India`s GDP by 2030
Startups have potential to contribute $120 billion to India`s GDP by 2030
Source: IANS
2024-12-19 10:39:02 am
India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report A joint report by the Confederation of Indian Industry (CII) and EY has said that the country’s tourism and hospitality sector is projected to require an additional 61.31 lakh workers to cater to an increasing tourism activities by 2036-37. The CII and EY in a whitepaper titled ‘Employment Landscape in Tourism and Hospitality in India’ provides a forward-looking analysis of employment trends in one of India’s most dynamic sectors and highlights its critical role in dri...
India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report
India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report
Source: Accord Fintech
2024-12-19 10:21:41 am
Gold recovers from one-month low on short-covering Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve's policy trajectory. Spot gold gained 0.8% to $2,607.88 per ounce as of 0251 GMT. However, U.S. gold futures eased 1.2% to $2,620.60. "Very short-term oriented speculators are looking for opportunities to buy the dips and gold's gain is because of short-covering after the m...
Gold recovers from one-month low on short-covering
Gold recovers from one-month low on short-covering
Source: Reuters
2024-12-19 09:12:26 am
India`s growth momentum has picked up after Q2 slowdown: Jeffries The improvement in India's economic growth after the slowdown in the July-September quarter is visible as movement indicators like fuel consumption, vehicles tolled and air traffic have strengthened, Jefferies said in a note on Wednesday.  The Jefferies economy tracker composite indicator shows growth pick-up sustaining in November with the indicator up 6.4 per cent year-on-year, the second fastest growth pace in 13 months. "The festive season created month-on-month volati...
India`s growth momentum has picked up after Q2 slowdown: Jeffries
India`s growth momentum has picked up after Q2 slowdown: Jeffries
Source: IANS
2024-12-18 04:17:20 pm
Harnessing power of technology crucial to driving inclusive growth in India: Jeet Adani For a developing nation like India, harnessing the power of technology is crucial to driving inclusive growth, improving governance and tackling the long-standing challenges in areas like education, healthcare and financial inclusion, ensuring that technology benefits all segments of society, Jeet Adani, Director of Adani Airport Holdings Ltd (AAHL), said on Tuesday.   Delivering the keynote address at IIT Bombay’s ‘Techfest’ event, Jeet Adani said that India has alr...
Harnessing power of technology crucial to driving inclusive growth in India: Jeet Adani
Harnessing power of technology crucial to driving inclusive growth in India: Jeet Adani
Source: IANS
2024-12-18 09:26:52 am
Rupee to linger near all-time low before Fed rate forecasts The Indian rupee is likely to hold near lifetime lows on Wednesday, with traders awaiting the Federal Reserve's projections on how many times it will cut interest rates next year. The one-month non-deliverable forward indicated that the rupee will mostly unchanged from 84.8950 in the previous session. The dollar index was little changed on Wednesday, just below 107. Asian currencies were mixed and rangebound. "Today's FOMC (Federal Open Market Committee) could spark anot...
Rupee to linger near all-time low before Fed rate forecasts
Rupee to linger near all-time low before Fed rate forecasts
Source: Reuters
2024-12-18 09:01:13 am
North-East gateway to vast Southeast Asian markets, Scindia tells investors North-East is India's gateway to the South and investing in the region will give investors access to the vast Southeast Asian markets, Union Minister for Communications and Development of North Eastern Region (DoNER), Jyotiraditya Scindia, has said.  Speaking at the ‘North East Trade and Investment Roadshow’ here, the minister emphasised the region’s immense potential, which now stands ready to contribute to India’s growth with an impressive 11 per cent GDP...
North-East gateway to vast Southeast Asian markets, Scindia tells investors
North-East gateway to vast Southeast Asian markets, Scindia tells investors
Source: IANS
2024-12-17 10:22:09 am
India`s trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil The main macro drivers remain healthy and India's GDP growth is likely to move closer to the trend growth of 6.5-7 per cent this fiscal, a Crisil Insight report said on Monday.   Trend GDP growth is the average sustainable rate of economic growth over time. Private consumption growth in the country has fared better than last year in the first half of the current fiscal (FY25). "While investment growth has moderated relative to last year, its share of GDP remains higher ...
India`s trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil
India`s trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil
Source: IANS
2024-12-16 03:00:51 pm
India’s banking sector poised for continued resilience: S&P Global India’s financial sector is poised for continued resilience, bolstered by structural improvements and robust economic growth prospects, according to the S&P Global Ratings 2025 banking outlook.  “We anticipate asset quality will stabilize, with weak loans in the banking sector projected to decline to approximately 3.0 per cent of gross loans by March 31, 2025. This positive trend is supported by healthy corporate balance sheets and enhanced risk management practices,&r...
India’s banking sector poised for continued resilience: S&P Global
India’s banking sector poised for continued resilience: S&P Global
Source: IANS
2024-12-16 02:34:59 pm
India to be fastest-growing major economy in 2025, regionally and globally: Mastercard  Driven by a robust middle class and sustained investment, India is projected to be the fastest-growing major economy in 2025 both regionally and globally, Mastercard Economics Institute (MEI) said in its annual economic outlook report on Monday.  The MEI’s report for the Asia Pacific region also highlighted India as the fastest-growing major economy with an anticipated GDP growth of 6.6 per cent and consumer spending projected at 6.2 per cent in 2025. “Buoyed by a...
India to be fastest-growing major economy in 2025, regionally and globally: Mastercard
India to be fastest-growing major economy in 2025, regionally and globally: Mastercard
Source: IANS
2024-12-16 01:45:30 pm
Rs 71,889 crore released to states under various heads for FY25 till now: Centre  The government on Sunday said that based on the recommendations of 15th Finance Commission (XV-FC), Rs 71,889 crore has been released to the states under various heads for FY 2024-25.  New Delhi, Dec 15 (IANS) The government on Sunday said that based on the recommendations of 15th Finance Commission (XV-FC), Rs 71,889 crore has been released to the states to date under various heads for FY 2024-25. The 15th Finance Commission had recommended the grants-in-aid of Rs 71,889 cro...
Rs 71,889 crore released to states under various heads for FY25 till now: Centre
Rs 71,889 crore released to states under various heads for FY25 till now: Centre
Source: IANS
2024-12-16 08:54:52 am
India Continues to Hold Steady Despite Global Uncertainties: CareEdge Ratings CareEdge Ratings said that it expects Indian government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5% in FY25 and 6.7% in FY26, in a webinar held on Economic & Sector Outlook for 2025.  Despite global uncertainties, CareEdge Ratings says India will continue to hold steady in 2025.   Sachin Gupta, Chief Rating Officer & ED, CareEdge Ratings, “The first half of FY25 paints a...
India Continues to Hold Steady Despite Global Uncertainties: CareEdge Ratings
India Continues to Hold Steady Despite Global Uncertainties: CareEdge Ratings
Source: CareEdge Ratings
2024-12-14 11:31:41 am
India`s GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26 India's economic growth will continue to hold steady in FY25 despite global uncertainties, with a projected GDP at 6.7 per cent in FY26, a report showed on Friday.  CareEdge Ratings said that it expects Indian government to continue on the path of fiscal consolidation and projects India's GDP growth to remain healthy at 6.5 per cent in FY25 and 6.7 per cent in FY26. “We expect to see improvement in private investment in 2025, supported by anticipated monetary policy e...
India`s GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26
India`s GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26
Source: IANS
2024-12-13 06:03:56 pm
India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25 India’s industrial activity is expected to accelerate in the second half of the current financial year on the back of recovering consumption demand and higher export growth while inflation is likely to ease, according to a CRISIL report released on Friday. “So far, high food inflation, elevated interest rates and slowing credit growth have impacted consumption recovery. However, with food inflation showing signs of easing, the space for discretionary consumption is expected to ...
India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25
India`s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25
Source: IANS
2024-12-13 01:37:09 pm
India`s economic growth by end of this fiscal to be back on track: Piyush Goyal Commerce and Industry Minister Piyush Goyal has expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties. He said that this year also India will be the world's fastest growing economy. He stated ‘We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect. But from what the init...
India`s economic growth by end of this fiscal to be back on track: Piyush Goyal
India`s economic growth by end of this fiscal to be back on track: Piyush Goyal
Source: Accord Fintech
2024-12-13 10:24:49 am
Share of top 50 stocks to total market cap at all-time low Share of the top 50 stocks in the total market capitalisation has hit an all-time low, according to a report on Thursday. The December edition of the DSP Netra report said, "Large-cap stocks are now at their smallest share of total market capitalisation. The share of the top 50 or top 10 stocks relative to the total market has hit an all-time low, presenting a rare opportunity for investors." "While large caps remain relatively attractive on a comparative basis, the curre...
Share of top 50 stocks to total market cap at all-time low
Share of top 50 stocks to total market cap at all-time low
Source: IANS
2024-12-12 04:25:38 pm
India, EU aiming for balanced, ambitious, comprehensive & mutually beneficial FTA: piyush Goyal Highlighting growing proximity and rising trade between India and the European Union (EU), Union Minister of Commerce and Industry Piyush Goyal has said that both sides are aiming for a balanced, ambitious, comprehensive and mutually beneficial Free Trade Agreement (FTA). The FTA negotiations, after 9 rounds of intense engagement, need political directions to arrive at a commercially meaningful deal while understanding the sensitivities of each other.  Goyal further underlined that an...
India, EU aiming for balanced, ambitious, comprehensive & mutually beneficial FTA: piyush Goyal
India, EU aiming for balanced, ambitious, comprehensive & mutually beneficial FTA: piyush Goyal
Source: Accord Fintech
2024-12-12 01:52:33 pm
India seeking mutually beneficial FTA with EU: Piyush Goyal Commerce and Industry Minister Piyush Goyal has highlighted that India is aiming for a balanced, comprehensive and mutually beneficial Free Trade Agreement (FTA) with the EU, according to an official statement issued on Thursday.  At a meeting held here with Ambassadors of the European Commission delegation, Austria, Belgium, Bulgaria, Czech Republic, Estonia, Italy, Ireland, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovak Republic, Spain and Sweden, the minister discussed...
India seeking mutually beneficial FTA with EU: Piyush Goyal
India seeking mutually beneficial FTA with EU: Piyush Goyal
Source: IANS
2024-12-12 12:18:42 pm
$2.2 trillion in infra investment to help India become $7 trillion economy by 2030  An estimated investment of $2.2 trillion into infrastructure development is imperative to support India’s GDP size to expand to $7 trillion by 2030, according to a report on Thursday.  To achieve an economic size of $7 trillion, India’s economy is required to grow at a CAGR of 10.1 per cent between 2024-2030, according to the report by Knight Frank India. The investment opportunity for private participation in infrastructure development in India ranges between $10...
$2.2 trillion in infra investment to help India become $7 trillion economy by 2030
$2.2 trillion in infra investment to help India become $7 trillion economy by 2030
Source: IANS
2024-12-12 11:50:19 am
ADB lowers India`s GDP growth forecast to 6.5% for current fiscal The Asian Development Bank (ADB) in its latest edition of Asian Development Outlook (ADO) has said that it lowered India’s economic growth forecast to 6.5 per cent for the current financial year (FY25) from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. It has also lowered India’s growth forecast for 2025-26 financial year. It however said India’s growth will remain robust, with the economy supported by highe...
ADB lowers India`s GDP growth forecast to 6.5% for current fiscal
ADB lowers India`s GDP growth forecast to 6.5% for current fiscal
Source: Accord Fintech
2024-12-12 10:08:51 am
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities Women now own 20.5 per cent of micro, small and medium enterprises (MSMEs) in India as approximately 45 per cent of startups now originate from tier 2 and 3 cities, indicating a significant shift towards regional entrepreneurial growth, according to a report on Wednesday.  Over 1,000 incubators across the country are facilitating access to resources, mentorship, and funding, said the KPMG in India report. Initiatives like the Women Entrepreneurship Platform (WEP) and Pradhan Mantri...
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
Women now own 20.5 pc of MSMEs in India, startups surge in tier 2 and 3 cities
Source: IANS
2024-12-11 01:42:12 pm
S&P Global Ratings projects 6.8 pc growth for Indian economy in FY25 S&P Global Ratings on Tuesday projected 6.8 per cent growth for the Indian economy in FY25, followed by 6.9 per cent growth in FY26, on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure.  The growth projection by S&P Global Ratings is higher than the latest Reserve Bank of India’s (RBI) forecast for India’s GDP growth for 2024-25 at 6.6 per cent, from 7.2 per cent earlier. The global credit rating agency...
S&P Global Ratings projects 6.8 pc growth for Indian economy in FY25
S&P Global Ratings projects 6.8 pc growth for Indian economy in FY25
Source: IANS
2024-12-10 11:29:33 am
India`s copper demand surges as infra projects expand at rapid pace India's demand for copper recorded a double-digit increase of 13 per cent year-on-year to touch 1,700 kilotonnes in 2023-24 on the back of robust growth in the infrastructure and construction sectors, according to figures compiled by the International Copper Association India.  Building construction and infrastructure account for 43 per cent of copper demand while contributing 11 per cent to GDP, International Copper Association India (ICAI) said in a statement. This surge is a...
India`s copper demand surges as infra projects expand at rapid pace
India`s copper demand surges as infra projects expand at rapid pace
Source: IANS
2024-12-10 11:26:11 am
Adani Group to invest Rs 7.5 lakh crore in Rajasthan towards key infra projects The Adani Group on Monday announced investments of Rs 7.5 lakh crore in Rajasthan over the next five years to fund several key infrastructure projects.  Karan Adani, Managing Director of Adani Ports and Special Economic Zones (APSEZ), said that four new cement plants will be set up in the state. “The Adani Group will invest Rs 7.5 lakh crore in different sectors in Rajasthan. As much as 50 per cent of this investment will be made in the next five years. In this, we will devel...
Adani Group to invest Rs 7.5 lakh crore in Rajasthan towards key infra projects
Adani Group to invest Rs 7.5 lakh crore in Rajasthan towards key infra projects
Source: IANS
2024-12-09 04:53:47 pm
India`s consumption story optimistic, agriculture growth a bright spot The Reserve Bank of India’s (RBI) consumer confidence in November turned optimistic for the future while on the rural front, agriculture growth remained a bright spot, clocking a growth of 4 per cent in the second quarter (Q2) this fiscal (FY25), a report showed on Monday.   The private final consumption expenditure (PFCE) growth inched up to 6 per cent in Q2 FY25, against a growth of 2.6 per cent in Q2 FY24, a Bank of Baroda (BoB) report said.  "There are mixed sig...
India`s consumption story optimistic, agriculture growth a bright spot
India`s consumption story optimistic, agriculture growth a bright spot
Source: IANS
2024-12-09 04:50:14 pm
CII urges government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25 The Confederation of Indian Industry (CII) has suggested the government to stick to the fiscal deficit target of 4.9 per cent of GDP for 2024-25 and 4.5 per cent for 2025-26, and cautioned that overly aggressive targets beyond these could adversely affect India's economic growth. It noted that India has been growing rapidly amidst a slowing global economy and prudent fiscal management for macroeconomic stability has been pivotal to this growth. CII highlighted the announcement in the U...
CII urges government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25
CII urges government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25
Source: Accord Fintech
2024-12-09 11:31:28 am
CII lauds Centre`s fiscal policy in run-up to Union Budget 2025-26 India has been growing rapidly amidst a slowing global economy due to the Government's prudent fiscal management for macroeconomic stability, CII director Chandrajit Banerjee said on Sunday.  Elaborating on the CII suggestions for the forthcoming Union Budget, he said, "The fiscal management has maintained the perfect balance between the fiscal deficit and fiscal support to growth. This has provided macroeconomic stability to the economy and helped build resilience in an envi...
CII lauds Centre`s fiscal policy in run-up to Union Budget 2025-26
CII lauds Centre`s fiscal policy in run-up to Union Budget 2025-26
Source: IANS
2024-12-08 05:32:40 pm
RBI`s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham  Leading industry chamber Assocham on Friday said that the decision by the Reserve Bank of India (RBI) to cut the cash reserve ratio by 50 basis points, releasing Rs 1.16 lakh crore into the banking system, is a pragmatic measure to maintain the inflation-growth balance in the face of evolving macro-economic situation.  The chamber also welcomed the measures to boost India's foreign exchange inflows by revision in the FCNR(B) rates, thereby providing stability in the forex ma...
RBI`s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham
RBI`s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham
Source: IANS
2024-12-07 09:44:32 am
Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest Below the Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest   The Reserve Bank of India's (RBI) stance of maintaining the repo rate at 6.50% demonstrates a nuanced approach to our current economic challenges. While we would have welcomed a rate cut, we understand the delicate balancing act of managing inflation against economic growth-we recognize the RBI's cautious approach. The current economic indicators present a complex landscape. With inflat...
Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest
Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest
Source: PR Agency
2024-12-07 09:42:30 am
Comments on RBI Holds Rates, Slashes CRR: A Balancing Act for Inflation and Growth by Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital Below the Comments on RBI Holds Rates, Slashes CRR: A Balancing Act for Inflation and Growth by Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital   “The Reserve Bank of India’s decision to maintain the repo rate at 6.5% for the eleventh consecutive meeting, coupled with a neutral policy stance, reflects a prudent approach to balancing inflation management with economic growth support. The 50-basis-point reduction in the Cash Reserve Ratio (C...
Comments on RBI Holds Rates, Slashes CRR: A Balancing Act for Inflation and Growth by Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital
Comments on RBI Holds Rates, Slashes CRR: A Balancing Act for Inflation and Growth by Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital
Source: OmniScience Capital
2024-12-07 09:12:35 am
Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv Below the Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv   "In today’s Monetary Policy Committee (MPC) meeting, the spotlight was on GDP growth and inflation dynamics. Amidst a slowdown driven by weaker industrial activity, the RBI has revised its full-year GDP growth forecast downward. Despite the concerns of the slowing economy, the RBI is confident that the growth shall revive given the encouraging signs from high frequency indic...
Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv
Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv
Source: Dezerv
2024-12-06 05:38:36 pm
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory Below the Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory   “The RBI's decision to keep the repo rate unchanged and lower the CRR shows strategic efforts to balance more cash flow with inflation control. Reducing the CRR to 4% allows banks to lend more, which is a positive step for the real estate sector. Although a cut in the repo rate would have given an extra push to housing d...
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory
Source: PR Agency
2024-12-06 02:56:55 pm
Perspective on the RBI Monetary Policy Committee Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Below the Perspective on the RBI Monetary Policy Committee Meeting  by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India   “As anticipated, the RBI has maintained its pause on interest rates. As the growth deceleration is not yet alarming, it provides the RBI with enough leeway to keep interest rates unchanged, focusing on controlling inflation and stabilising the currency. However, the tone of the central bank has shifted towards remaining cautious ...
Perspective on the RBI Monetary Policy Committee Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Perspective on the RBI Monetary Policy Committee Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Source: Knight Frank India
2024-12-06 02:50:38 pm
Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM Financial Asset Management Ltd Below the Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM  Financial Asset Management Ltd   RBI Monetary Policy Takeaways: * Reserve Bank of India (RBI) kept Repo rate unchanged at 6.50%, Standing Deposit Facility (SDF) at 6.75% and Marginal Standing Facility (MSF) at 6.75%. * The Monetary Policy Committee (MPC) retained its stance as ‘Neutral’. The principal drivers for the status quo stance were RBIs...
Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM Financial Asset Management Ltd
Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM Financial Asset Management Ltd
Source: JM  Financial Asset Management Ltd
2024-12-06 02:46:11 pm
Perspective on Monetary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group Below the Quote on Perspective on Monetary Policy Committee Announcement  by Mr. Nikhil Gupta, Chief Economist, MOFSL Group   RBI keeps repo rate unchanged, CRR cut by 50bps to 4% CRR cut in two equal tranches, starting 14th and 28th Dec, 24 fortnights Despite shockingly weak 2QFY25 GDP growth, the RBI did the right thing by keeping repo rate unchanged. Equity market fell and yields rose initially, though the former recovered after CRR cut announcements. Real GDP...
Perspective on Monetary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Perspective on Monetary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Source: Motilal Oswal Financial Services Ltd
2024-12-06 02:05:00 pm
Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings Below the Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings   “With last inflation data above the target band and growth slowing, RBI chose a cautious approach and maintained status quo on policy interest rates. The concern is not just on domestic food inflation but also global inflationary risks in midst of geopolitical conflicts and trade war. RBI has upwardly revised the average inflation projection for FY25 to 4.8%, bringi...
Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings
Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings
Source: CareEdge Ratings
2024-12-06 01:46:35 pm
Views on RBI Policy Impact on Housing Loans by Kanika Singh, Chief Risk Officer - IMGC Below the Views on RBI Policy Impact on Housing Loans by Kanika Singh, Chief Risk Officer– IMGC   “The RBI kept the repo rate unchanged due to inflationary pressures. Despite the GDP growth rate for Q2 FY25 being significantly lower than expected, the RBI is unlikely to shift its stance to accommodate growth. High-frequency indicators show early signs of recovery in the second half of the fiscal year, but inflation risks remain elevated. Affordability has become ch...
Views on RBI Policy Impact on Housing Loans by Kanika Singh, Chief Risk Officer - IMGC
Views on RBI Policy Impact on Housing Loans by Kanika Singh, Chief Risk Officer - IMGC
Source: PR Agency
2024-12-06 12:33:56 pm
RBI lowers GDP growth forecast to 6.6 pc The Reserve Bank has scaled down its forecast for India’s GDP growth for 2024-25 to 6.6 per cent from 7.2 per cent earlier, RBI Governor Shaktikanta Das announced on Friday. He explained that the decision had been made as the growth in real GDP in the second quarter of this year at 5.4 per cent turned out to be much lower than anticipated. However, Das said that India’s growth story was intact as “going forward, high-frequency indicators available so far suggest that t...
RBI lowers GDP growth forecast to 6.6 pc
RBI lowers GDP growth forecast to 6.6 pc
Source: IANS
2024-12-06 12:32:06 pm
CRR cut to support growth, repo rate decision on expected lines The RBI’s decision to cut the cash reserve ratio (CRR) by 50 bps would help support growth, after the revision in the GDP forecast for FY25, industry experts said on Friday.  The Central Bank’s monetary policy committee (MPC) slashed the CRR for banks by 0.5 per cent to make more funds available for lending to spur economic growth. The CRR is the proportion of deposits that banks have to set aside as idle cash in the system. “The MPC's decision to keep the ...
CRR cut to support growth, repo rate decision on expected lines
CRR cut to support growth, repo rate decision on expected lines
Source: IANS
2024-12-06 12:09:11 pm
CEA expresses confidence in growth of Indian economy V Anantha Nageswaran, the Chief Economic Advisor (CEA) of India has expressed confidence in the growth of the Indian economy. The CEA stated ‘If you run through the checklist for Indian economy, the health is pretty robust. Whether it is external debt as the share of GDP, whether it is the non-performing assets in the banking system and then coming to the bottom left, the overall inflation rate If you look at the first seven months of the year in the last several years overall headline ...
CEA expresses confidence in growth of Indian economy
CEA expresses confidence in growth of Indian economy
Source: Accord Fintech
2024-12-06 10:18:37 am
RBI keeps repo rate unchanged at 6.5% for 11th time in row; cuts CRR by 50 bps to 4% The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to continue with the neutral monetary policy stance and to remain unambiguously focused on a durable alignment of inf...
RBI keeps repo rate unchanged at 6.5% for 11th time in row; cuts CRR by 50 bps to 4%
RBI keeps repo rate unchanged at 6.5% for 11th time in row; cuts CRR by 50 bps to 4%
Source: Accord Fintech
2024-12-06 10:08:56 am
India`s RBI supports growth with liquidity boost but holds rates amid high inflation The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio that banks are required to hold for the first time in over four years, effectively easing monetary conditions as economic growth slows. India's GDP growth rate fell unexpectedly to 5.4% in the July-September quarter, its slowest pace in seven quarters, while inflation is quickening again and the rupee has fallen to record lows, limiting the RBI's room to manoeuvre heading i...
India`s RBI supports growth with liquidity boost but holds rates amid high inflation
India`s RBI supports growth with liquidity boost but holds rates amid high inflation
Source: Reuters
2024-12-06 09:24:50 am
Dollar retreat to boost rupee before RBI rate decision The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. The 1-month non-deliverable forward indicated that the rupee will open at 84.68-84.70 to the U.S. dollar, compared with 84.7325 in the previous session. The rupee's downtrend has halted over the last two sessions after the currency dropped to an all-time low of 84.7575 on Tuesday. The pause in f...
Dollar retreat to boost rupee before RBI rate decision
Dollar retreat to boost rupee before RBI rate decision
Source: Reuters
2024-12-06 08:56:51 am