Tag Archives: inflation

RBI Governor Raghuram Rajan Upbeat on 7th Pay Panel Hikes, Start Ups

RBI Governor Raghuram Rajan has kept policy rate on hold at 6.75 percent on Tuesday, purportedly awaiting the government’s move in the direction when it unveils the Budget 2016-17 later this month. Monetary and Liquidity Measures remained the same as RBI has decided to: * keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per ...

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Morgan Stanley bats for ‘Achhe Din’ in India

With the rural wage growth coming down to a nine-year low at 5.5 percent this January and inflation seemingly stabilizing, India is bracing for a long period of higher sustainable growth and lower prices, financial services firm Morgan Stanley said on Monday. “We are more constructive on inflation outlook and we expect the retail price index to decelerate to 4.75 ...

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Indian economy bright spot in global landscape, certifies IMF

India’s growth is set to rise to 7.2 percent in this fiscal with the economy reviving, helped by positive policy actions that have improved confidence and lower global oil prices, said the IMF giving a virtual go-ahead certificate to the global investors to throng the country. To continue on this trend, India needs to revitalise the investment cycle and accelerate ...

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RBI has chosen to maintain a Balance between Growth and Inflation while keeping the Policy Rates Unchanged

RBI has chosen to maintain a Balance between Growth and Inflation while keeping the Policy Rates Unchanged and Followed a Caliberated Approach to that effect: FM  Following is the text of the Statement of the Union Finance Minister Shri Arun Jaitley with regard to RBI Policy announced today: “The Reserve Bank of India (RBI) has reduced the SLR by 50 basic ...

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10 Reasons why Rupee at 60 per Dollar Means deja vu 1991 Situation

The Indian rupee touched Rs.60 per dollar on Thursday amid news from Washington DC that the US Fed may taper its Q3 monetary easing policy with improved economy. Since India is dependent on foreign capital inflows to fund its current account deficit, the tumbling rupee may mean both good news and of course, bad for the import-depedent economy. Here are ...

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Post-G20 roll back in petrol price comes true, Rs. 2.22 cheaper now

Post-G20 summit, Indian government has slashed petrol prices as expected, ahead of the winter session of parliament where the opposition was bracing for a battle on the floor of the house over the hike. The 3.2 percent cut would mean Rs. 2.22 rupees a litre of petrol, which has no subsidy component. Ironically, diesel and kersene are still priced much ...

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Contradictory statements on petrol hike by Pranab in Delhi, PM at G20 summit

The Indian government has come under unprecedented criticism over its unilateral hike in petrol price, with allies in the coalition government like Trinamul threatening to quit, while the judiciary, for the first time, intervened. The most intriguing defence of the decision came from none other than the finance minister who said the decision was taken by the petroleum companies and ...

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