Foreign banks bet on RBI holding policy rates amid sluggish Q2 GDP growth
Foreign banks expect RBI to maintain 6.5% policy rate despite slow GDP growth, intensifying calls for monetary easing.
Spare some digital change? In India, many transgender people use QR codes to beg
Managing money online is becoming increasingly widespread in India as more people use digital apps and QR codes for large and ...
The Week16h
With a rate cut unlikely due to high inflation, RBI may have to look at liquidity measures to lift GDP
While chances of a repo rate cut in December remain "remote," the RBI may move to ease liquidity for productive uses in the ...
RBI devolves ₹3,497 crore of green bond auction on PDs due to limited investor interest
The Reserve Bank of India (RBI) devolved the auction of the new Sovereign Green Bond (SGrB) on primary dealers (PDs) as ...
Central bank makes entrepreneurs aware of facilities, addresses queries
Baddi branch today spread awareness on banking facilities amongst entrepreneurs, linking unbanked entrepreneurs to the formal banking system.
India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
The central government’s total expenditure in the seven months through October stood at Rs24.7 trillion or 51.3% of budget ...
The News International1d
India's economy slows sharply amid 'challenging global environment'
India's economic growth slowed much more than expected in the third quarter, hampered by weaker expansions in manufacturing ...
Week Ahead for FX, Bonds: Jobs, ISM Data to Indicate Strength of U.S. Economy
Money markets are pricing in a 65% chance of the Federal Reserve cutting interest rates in December, according to LSEG data. This could increase if upcoming data are weak, or decrease if data are ...
India’s real GDP growth slumps to multi-quarter low of 5.4%
“India’s real Gross Domestic Product (GDP) growth slumped to a multi-quarter low of 5.4% in the July to September 2024 quarter (Q2 of 2024-25), from a five-quarter nadir of 6.7% in Q1, with Gross ...
No TDS on cash withdrawal by foreign representations from Dec 1: Income Tax department
As per section 194N of the Act, TDS is required to be deducted when an individual withdraws a sum exceeding Rs 20 lakh in ...
India's economy slows more sharply than expected as manufacturing weighs
India’s economy expanded by only 5.4 per cent year-on-year in July-September 2024 Read more at straitstimes.com.
India's Economy Slows More Than Expected, Potentially Clearing Path for Rate Cuts — Update
The RBI announces its rate decision on Friday, Dec. 6, which comes against the backdrop of a recent rise in the country's inflation. This has had many economists predicting a hold, particularly as the ...