The reserve bank has decided to discontinue the Incremental Cash reserve ratio in a phased manner. The measure was intended to absorb surplus liquidity generated by various factors, including the return of 2000 rupees noted to the banking system.
posted by 9th Sep 2023
The government so Far received registration from 58 companies for the Rs. 17,000 crore IT hardware production linked incentive scheme.
posted by 29th Aug 2023
Indiaâ€™s inflation woes are not over yet but food price spikes may be â€œtransitoryâ€, the Finance Ministry said, attributing the latest spike in headline inflation to global uncertainties triggered by the termination of the Black Sea Grain Initiative that has upset wheat and edible oil supplies, as well as disruptions in domestic farm output.
posted by 23rd Aug 2023
Tomato prices may be cooling from recent highs, but pulses could play the next spoilsport in the battle against inflation, with a below-par monsoon in August dragging down the sown area for pulses in the Kharif season by almost 10% from a year ago.
posted by 21st Aug 2023
Index of Eight Core Industries
The combined Index of Eight Core Industries (ICI) increased by 8.2 per cent (provisional) in June 2023 as compared to the Index of June 2022.
posted by 31st Jul 2023