Friday, Aug 23, 2019 | Last Update : 07:33 AM IST

Economy Page-3

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand, investment slowdown

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

07 Aug 2019 1:36 PM

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

07 Aug 2019 12:49 PM

RBI keeps retail inflation projection within target for next 12 months

CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.

07 Aug 2019 12:21 PM

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

07 Aug 2019 11:56 AM

Inflation likely edged up to nine-month high in July: report

Food prices have risen due to lower-than-expected monsoon rains over the past two months.

07 Aug 2019 9:59 AM

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Govt should borrow only long-term fund from overseas market: Jalan

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

07 Aug 2019 9:02 AM

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

06 Aug 2019 5:54 PM

China media says US 'destroying international order', after currency-manipulator branding

The accusation, which followed a sharp slide in the yuan on Monday, has driven an even bigger wedge between the world’s largest economies.

06 Aug 2019 12:23 PM

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

05 Aug 2019 8:27 PM

RBI may go for 25 bps rate cut on Wednesday: Report

Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.

05 Aug 2019 4:50 PM

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India needs to grow at 9 pc to achieve PM's target of USD 5 trillion economy: EY

The size of the economy will grow to USD 3 trillion from USD 2.7 trillion in the previous year.

05 Aug 2019 9:33 AM

RBI bans NBFCs from charging loan foreclosure penalties

Foreclosure charges are part of the fee income for any lender and add to its bottomline.

03 Aug 2019 11:29 AM

Forex reserves fall by USD 727 million to USD 429.6 billion

The country's reserve position with the fund also declined by USD 15.8 million to USD 3.534 billion, the apex bank said.

03 Aug 2019 11:20 AM

Sensex rebounds 100 points; HDFC spurts after Q1 show

The 30-share BSE Sensex rose 99.90 points or 0.27 per cent to settle at 37,118.22.

02 Aug 2019 4:33 PM

India seen set for fourth interest rate cut of 2019

Almost 80 per cent of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps.

02 Aug 2019 4:19 PM

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GST collections rise marginally to Rs 1.02 lakh crore in July month

The July 2019 mop-up was, however, 5.8 per cent higher than the Rs 96,483 crore collected in the same month last year.

02 Aug 2019 11:40 AM

India manufacturing sector growth inches up in July on new orders: PMI

This is the 24rd consecutive month that the manufacturing PMI has remained above the 50-point mark.

01 Aug 2019 11:44 AM

Finance Minister Sitharaman to meet CEOs of PSU banks on Friday

The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.

01 Aug 2019 10:18 AM

RBI capital transfer: Jalan panel likely to get extension to finalise report

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

01 Aug 2019 10:11 AM

Eight core sectors growth slows down to 0.2 pc in June

During April-June, the eight sectors grew by 3.5 pc compared to 5.5 pc in the same period last year.

31 Jul 2019 6:07 PM

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