The RBI's other significant concern is the overheating in certain retail segments. Last month, the RBI increased the risk weights in unsecured loans and banks' funding to NBFCs.
RBI monetary policy meeting announcements: Governor Shaktikanta Das projected GDP growth for 2023-24 at 7 per cent, which is an increase from the previous MPC announcements of 6.5 per cent.
RBI monetary policy meeting: Governor Shaktikanta Das announced the MPC decision to keep repo rate unchanged at 6.5 per cent for the fifth consecutive time.
RBI MPC 2023 latest: The central bank has proposed to hike the limit of UPI transactions in hospitals and educational institutions to Rs 5 lakh, says Governor Shaktikanta Das.
The global firms are moving their manufacturing operations to India as there is no other country in the world outside China that can match the scale that India has, said the Deloitte-South Asia CEO
Moody’s overestimated the challenges faced by the Chinese economy and underestimated the nation’s resolve and capability boosting reforms, said Chinese analysts.
As per FADA, 28.54 lakh vehicles were sold in November, creating a new record, surpassing the record of March 2020, when 25.69 lakh vehicles were sold due to the industry’s transition from BS-4 to BS-6 emission norms.
In its Global Credit Outlook 2024, S&P predicted a 6.4 per cent GDP growth in the fiscal year through March 2024 (2023-24) as compared to 7.2 per cent in the previous financial year.
For the current fiscal year, average monthly GST collections are around Rs 1.65 lakh crore, and the expectation is that full year collections will increase by nearly 11% year-on-year
The RBI had kept repo rate unchanged at 6.50 per cent for four consecutive times, after cumulatively increasing it by 250 bps from May 2022 to December 2022.
Cyclonic storm Michaung: The government has also reviewed the emergency measures and many residing in the vulnerable areas have been housed in relief camps.
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