New Delhi, May 22 (IANS) India is better placed to manage retail inflation among the top 10 economies, according to an analysis by leading industry chamber Assocham on Friday, suggesting the RBI to maintain the repo rate status quo while introducing liquidity, interest subvention and moratorium support measures.India’s inflation stood at 3.2 per cent in February 2026 and rose to 3.5 per cent in April, a 0.3 percentage-point increase.This performance is better than the significant increase in t…
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New Delhi, May 9 (IANS) Bangladesh’s public debt climbed past Tk 22 lakh crore by December 2025, with the government increasingly relying on domestic borrowing to reduce exposure to foreign exchange risks and strengthen fiscal stability, a report has said.The report published in The Daily Star highlighted that the finance ministry’s latest quarterly bulletin showed that total public debt rose sharply over the last few years, increasing from Tk 13.44 lakh crore in June 2022 to Tk 18.9 lakh cr…
Washington, April 30 (IANS) US President Donald Trump blasted Federal Reserve Chairman Jerome Powell after the central bank chief said he would stay on as a governor. “Jerome ‘Too Late’ Powell wants to stay at the Fed because he can’t get a job anywhere else — Nobody wants him,” Trump wrote on his Truth Social account on Wednesday (Local time), reports XinhuaEarlier, Powell confirmed he will step down as chair on May 15 but plans to remain on the Federal Reserve Board as a governor for a period…
Washington, April 30 (IANS) US Federal Reserve Chair Jerome Powell has warned that the central bank’s independence is “at risk” amid what he called unprecedented legal challenges, raising concerns about its ability to set policy free from political pressure. “These legal actions by the administration are unprecedented in our 113-year history,” Powell said on Wednesday (local time). He added that such moves are “battering the institution” and could undermine its role in guiding the …
Seoul, April 20 (IANS) Outgoing Bank of Korea (BOK) Governor Rhee Chang-yong said on Monday that achieving economic stability and growth through monetary and fiscal policy alone has become increasingly difficult, calling for a broader role for the central bank in addressing long-term structural challenges.Rhee made the remarks during his farewell ceremony in Seoul, as he completed his four-year term. His successor, Governor-designate Shin Hyun-song, is set to begin his term Tuesday as his nomina…
New Delhi, April 2 (IANS) The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation.The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets.”The move was largely driven by improved risk sentiment following US President Donald Trump’s speech, which hinted at negotiations rather than escalation, triggering a relief rally….
New Delhi, March 31 (IANS) India’s foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday.The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable.The researc…
New Delhi, March 26 (IANS): The Organisation for Economic Cooperation and Development (OECD) on Thursday pegged India’s GDP growth rate at 7.6 per cent for 2025-26, 6.1 per cent for 2026-27 and 6.4 per cent for 2027-28, with the country remaining the world’s fastest-growing major economy. The OECD’s interim Economic Outlook report states that conflict in the Middle East is testing the resilience of the global economy. The halt in shipments through the Strait of Hormuz and the closure and dam…
New Delhi, Feb 25 (IANS) The Centre will launch a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot project under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in the Union Territory of Puducherry on Thursday in a major step towards strengthening India’s digital public infrastructure and enhancing transparency in subsidy delivery, according to an official statement.The digital rupee or e-rupee is a tokenised digital version of the Indian rupee, issued by the Res…
Mumbai, Feb 14 (IANS) Gold prices fell almost 1.82 per cent during the week, as investors remain cautious amid huge volatility with the dollar showing occasional bouts of strength.Meanwhile on Friday, MCX gold February futures surged 0.20 per cent while MCX silver March futures added 3.62 per cent. Currently gold futures stand at Rs 1,56,200, while silver futures at Rs 2,44,999 per kg.The price of 10 grams of 24-carat gold was at Rs 1,52,765 on Friday down from Rs 1,55,593 seen on Monday, accord…