New Delhi, July 20 (IANS) Foreign Currency Non-Resident (Bank) or FCNR-B inflows in India are expected to boost aggregate bank deposit growth up to 15 per cent in FY27, helping narrow the gap between deposits and credit, although credit expansion is likely to remain robust, according to a report released on Monday.According to a report from SBI Research, around $13-14 billion has already been mobilised through the FCNR-B deposit window, which is expected to strengthen banks’ deposit base during …
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New Delhi, June 4 (IANS) The Bharatiya Janata Party (BJP) leader Amit Malviya said on Thursday that Congress leader Rahul Gandhi’s claim about India heading towards an “economic tsunami” because the government has removed all shock absorbers “is not just wrong, it is classic fear-mongering.”If India’s shock absorbers had truly been removed, why is the economy continuing to show resilience despite elevated crude prices, conflict in West Asia, supply-chain disruptions, global financial tighten…
Mumbai, May 25 (IANS) Finance Minister Nirmala Sitharaman said on Monday that India’s economy continues to show resilience amid global uncertainty, and came out strongly against attempts to paint a “pessimistic and cynical narrative” that presents an inaccurate picture of the country’s growth trajectory.Addressing the SIDBI foundation day event here, FM Sitharaman pushed back against concerns around India’s economic trajectory. “India cannot afford fear mongering that damages public conf…