2023-12-20 16:36:50 India’s States are grappling with several challenges in sustaining capital expenditure momentum, both in terms of expenditure and revenue. This is expected to only exacerbate by the reversion to the old pension scheme (OPS) by a few States and expectations of other States following suit, according to a report by RBI officials. “(This) would exert … Read more
2023-12-19 13:43:59 About 20 per cent of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts in the country are inoperative, the government said on Tuesday. As on December 6, of the total 10.34 crore inoperative PMJDY accounts, 4.93 crore belong to women, Minister of State for Finance Bhagwat K Karad said in a written reply to … Read more
2023-12-13 12:07:46 Mumbai: Sounding a note of caution, a Reserve Bank report has said that reverting to the DA-linked Old Pension Scheme (OPS) will exert huge pressure on state finances and restrict their capacity to undertake developmental expenditure. The Reserve Bank’s report on ‘State Finances: A Study of Budgets of 2023-24’ also said the provision … Read more
2023-12-01 13:54:23 India Inc’s credit metrics are likely to show slight sequential improvement in the third quarter of the current fiscal, with interest coverage increasing to 4.5-5 times, rating agency Icra said on Friday. This would benefit from improved earnings of corporate India on the back of continuing, albeit moderating, tailwinds from commodity prices and … Read more
2023-11-30 17:09:11 Bank credit to industry decelerated to 5.4 per cent in October compared to 13.5 per cent in the year-ago month, according to Reserve Bank data released on Thursday. The data also revealed that credit growth to agriculture and allied activities improved to 17.5 per cent (year-on-year) in October 2023 from 13.8 per cent … Read more
2023-11-28 14:12:21 Even as post COVID pick up in digital transactions has slowdown the demand for cash in the country, a research paper by RBI economists says that cash is still a preferred as savings instrument for its ‘store of value’ and for precautionary purposes and hence demand for cash would rise as the economy … Read more
2023-11-24 14:57:03 The Reserve Bank on Friday updated the ‘Alert List’ of unauthorised forex trading platforms by adding 19 more entities, including FX SmartBull, Just Markets, and GoDo FX, taking the total to 75. The Alert List contains the names of entities, which are neither authorised to deal in forex under the Foreign Exchange Management … Read more
2023-11-17 01:42:36 India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday. “We are not out of the woods yet and have miles to go, … Read more