RBI Monetary Policy | Soon, deposit cash using UPI
The RBI has also proposed to permit linking of Prepaid Payment Instruments (PPIs) through third-party UPI applications to provide more flexibility to users. | The Hindu
Month: April 2024
RBI Monetary Policy LIVE updates | Policy repo rate unchanged at 6.5%; real GDP growth for FY25 projected at 7%
The central banking authority of India has kept the repo rate unchanged for the last six consecutive MPC meetings | The Hindu
RBI keeps policy rate unchanged at 6.5%
The committee has projected real GDP growth for FY25 at 7% | The Hindu
India’s services sector growth hits 13-and-a-half-year high in March on robust demand conditions: PMI
The upturn was largely attributed to healthy demand conditions, efficiency gains, and positive sales developments, says HSBC India Services PMI survey. | The Hindu
Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data
In the last two fiscal years, close to 40% of India’s smartphones were sent from just one district — Kancheepuram | The Hindu
World Bank projects Indian economy to grow at 7.5% in 2024
According to the report, South Asia is expected to remain the fastest-growing region in the world for the next two years, with growth projected to be 6.1% in 2025 | … Read More
India’s sunflower oil, soy oil imports up as palm oil imports fall
The higher sunflower oil and soyoil imports lifted India’s total edible oil imports in March to the highest level in six months at 1.149 million tons, up 18.7% from a … Read More
March manufacturing PMI at 16-year peak
Survey-based index shows new order and output recorded fastest rise in 42 months, but confidence levels about year-ahead prospects slumped to four-month low | The Hindu