New Delhi, April 8 (IANS) Remittances to India are likely to reach an all‑time high of $137–140 billion in FY26 before moderating to $135–137 billion in FY27, amid escalation in West Asia, a report said on Wednesday.Further, enabling true dematerialisation of Retail Direct holdings could boost interoperability and attract strong interest to debt markets from retail investors, the report from SBI Research said.Analysing the language of the central bank governor in the monetary policy meetin…
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New Delhi, April 8 (IANS) The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25 per cent with a neutral stance reflected a balanced approach of controlling inflation and supporting economic growth, analysts said on Wednesday.Trade association ASSOCHAM appreciated the “calibrated step aimed at strengthening stability in the macroeconomic environment”, adding that it helps sustain growth momentum and ensure price stability.”This decision underscores the central bank’s ca…
Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday projected the country’s inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war.RBI Governor Sanjaya Malhotra said, “The pass-through of higher global energy prices has resulted in price increases in select fuels such as pr…
Chennai, March 25 (IANS) Even before the peak summer season begins, Tamil Nadu is bracing for rising temperatures starting Thursday, with the Regional Meteorological Centre forecasting a gradual increase in heat levels over the next few days.According to the latest weather bulletin, dry weather conditions are expected to prevail across Tamil Nadu and Puducherry through Friday, with no significant rainfall activity in most parts of the state. However, isolated light showers are likely over the hi…
Amaravati, March 12 (IANS) The Andhra Pradesh Power Generation Corporation on Thursday achieved a historic milestone by recording 6,160 MW of power generation and 5,730 MW ex-bus generation, the highest-ever since its inception.State Energy Minister Gottipati Ravi Kumar congratulated the Andhra Pradesh Power Generation Corporation (APGENCO) & Andhra Pradesh Power Development Company Limited (APCPDCL) for achieving an all-time record power generation.In a statement, he appreciated the power u…
New Delhi, Jan 6 (IANS) India is expected to deliver another year of relatively strong economic growth in 2026-27 despite the global uncertainties that continue to cloud the outlook, according to a report released by India Ratings and Research on Tuesday.The report projects India’s real GDP growth to be 6.9 per cent in FY27, easing from an estimated 7.4 per cent in FY26.According to the agency, India’s strong macro fundamentals and recent policy measures undertaken by the government should h…