As per the latest estimates of National Income released by National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI), real GDP is projected to grow by 9.1 per cent in 2021-22 (1st RE) and 7 per cent in 2022-23 (2nd AE). This was stated by the Union Minister of State for Finance Shri Pankaj … Read more
India’s foreign exchange reserves declined by about USD 2.4 billion to USD 560.003 billion in the week ending on March 10, according to the Reserve Bank of India’s latest data. During the prior week that ended on March 3, India’s foreign exchange reserves rose for the first time in five weeks to USD 562.40 billion, … Read more
Shaktikanta Das, the Governor of Reserve Bank of India stated in a speech that widespread use of mobile phones, coupled with availability of internet services, have provided thrust to digital payments. This has led to “anytime anywhere” banking which transcends traditional branch banking hours. About 1,050 crore retail digital payment transactions worth Rs 51 lakh … Read more
According to the RBI March Bulletin, consumer price inflation in India remains high and core inflation continues to defy the distinct softening of input costs. The headline retail inflation moderated to 6.44 per cent in February 2023 from 6.52 per cent in January. Retail inflation in India fell marginally but remained above RBI’s 6 per … Read more
The Government of India will release Rs 2000 each to farmers under the PM Kisan Samman Nidhi Scheme (PM-KISAN) scheme under its 13th installment. A total of more than Rs. 16,800 crores will be deposited directly in the accounts of more than eight crore farmers under the Scheme. The 11th and 12th instalments under the … Read more