The Monetary Policy Committee (MPC), after a detailed assessment of the evolving macroeconomic conditions and the outlook, voted unanimously to keep the policy repo rate unchanged at 5.50%. Consequently, the standing deposit facility (SDF) rate remains at 5.25% while the marginal standing facility (MSF) rate and the Bank Rate remain at 5.75%. RBI MPC meeting updates on…
‘Indian economy continues to exhibit strength by registering a higher growth in Q1’ Governor Malhotra said that since the August policy meeting, significant developments on the domestic front, amid a fast-changing global economic environment, have altered the growth and inflation narrative in India. He stated, “Since the August policy meeting, significant developments on the domestic…
The ADB, in its Asian Development Outlook September 2025, released on September 30, 2025, also reduced its growth forecast for developing Asia to 4.8% for the current year 2025 from its forecast in April of 4.9% | Photo Credit: Reuters The Asian Development Bank (ADB) has downgraded India’s growth outlook for the current financial year…
The U.S. has imposed high tariffs, notably a 50% duty implemented in August 2025, which significantly impact India’s marine exports. File image used for representation. | Photo Credit: The Hindu The higher tariffs imposed on Indian goods by American President Donald Trump would have a long-term impact, especially for India’s marine exports, officials of the…
Representational image of gold bars | Photo Credit: Reuters The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending…
The three-day closed-door Monetary Policy Committee (MPC) meeting, which commenced on Monday (September 29, 2025), has raised hopes of a rate cut. The October policy comes within weeks of a cut in Goods and Services Tax (GST) and at a time when demand is likely to be created in the domestic market amid the…
The U.S. has imposed high tariffs, notably a 50% duty implemented in August 2025, which significantly impact India’s marine exports. File image used for representation. | Photo Credit: The Hindu The higher tariffs imposed on Indian goods by American President Donald Trump would have a long-term impact, especially for India’s marine exports, officials of the…
Image used for representation purpose only. | Photo Credit: Reuters Moody’s Ratings on Monday (September 29, 2025) affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a ‘Stable’ outlook on the back of robust economic growth and sound external position. The global rating agency also affirmed India’s…
Representational image of the Reserve Bank of India (RBI) logo pictured outside its head office | Photo Credit: Reuters The government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term. The Appointments Committee of the Cabinet approved his appointment on Monday (September 29, 2025). Mr. Murmu’s…
File photo of Consumer Affairs Secretary Nidhi Khare. Consumer Affairs Secretary Nidhi Khare on Monday (September 29, 2025) said the government’s National Consumer Helpline (NCH) has received 3,000 complaints related to GST since the implementation of reduced taxes. “We have so far received 3,000 consumer complaints. We are sending them to the CBIC (Central Board…
