New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…
Latest Indian economy News & Updates
New Delhi, March 24 (IANS) The Centre has constituted seven empowered groups of officials and experts to handle the fallout of the Iran war on specific sectors of the Indian economy, including oil, gas, fertilisers, supply chains, and inflation. The empowered groups, comprising senior officials from the Prime Minister’s Office and the Cabinet Secretariat, were based on directions from Prime Minister Narendra Modi after the meeting of the Cabinet Committee on Security (CCS) to review the evolvi…
New Delhi/Bengaluru, March 23 (IANS) Amid the escalating conflict in West Asia, the Central government has stepped up monitoring of its potential impact on India, with Prime Minister Narendra Modi chairing an emergency meeting of the Union Cabinet Committee on Sunday night, stated Union Minister for Food, Public Distribution and Consumer Affairs Pralhad Joshi on Monday.Union Minister Joshi has released a press statement in this regard.”The Prime Minister held detailed discussions with senior min…
New Delhi, March 22 (IANS): A timely and strategic move by the government with the RELIEF initiative to support exporters amid global disruptions has strengthened trade resilience and ensured continuity by easing logistics, insurance, and cost pressures in a volatile geopolitical environment, apex business chamber CII said on Sunday.”For the manufacturing and chemicals sector, it comes as a crucial buffer against rising freight, insurance, and input costs, helping maintain production continuity …
Mumbai, March 10 (IANS) SEBI Chairman Tuhin Kanta Pandey has said that retail investors and domestic mutual funds together hold about 36 per cent of the free float market capitalisation of Nifty 50 companies.Addressing the 30th anniversary of the Nifty 50 index at the National Stock Exchange (NSE), Pandey said the index has evolved alongside India’s economy over three decades, with domestic participation surging rapidly.SEBI Chairman noted that India now has over 140 million unique investors, …
New Delhi, March 9 (IANS) External Affairs Minister (EAM) S. Jaishankar on Monday informed the Rajya Sabha that Prime Minister Narendra Modi is closely monitoring the evolving situation in West Asia, stressing that the conflict is of particular concern to India because of the large number of Indian citizens living and working in the Gulf region.At the beginning of the session, Leader of Opposition Mallikarjun Kharge attempted to raise the issue of the death of Indian nationals during the ongoing…
New Delhi, Feb 20 (IANS) The Indian economy continues to register high growth despite a challenging external environment clouded by geo-political uncertainties, the latest RBI Bulletin said on Friday, adding that the recent trade agreements with the European Union (EU) and an interim trade deal framework will help the growth momentum stay robust for a longer period. According to Central Bank Governor Sanjay Malhotra, benign inflation provides the leeway to remain growth-supportive while preservi…
Mumbai, Feb 5 (IANS) The Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Thursday launched an attack on the central government over the India-US trade agreement, calling it not merely a deal but a “declaration of war” against India’s farmers and labourers.In a strongly worded editorial in its mouthpiece, Saamana, the Thackeray faction said the agreement threatens the livelihood of the country’s food providers and questioned whether Prime Minister Narendra Modi is acting in India’s interest or fu…
Lucknow, Feb 3 (IANS) Samajwadi Party president Akhilesh Yadav on Tuesday criticised the Centre over the India-US trade deal, alleging that opening India’s agricultural market to American farm produce and food grains amounts to a betrayal of farmers.Yadav claimed that nearly 70 per cent of the country’s population depends on agriculture and questioned whether the BJP-led government was deliberately weakening India’s self-reliant farming system under foreign pressure.In a post on X, the SP …
New Delhi, Feb 1 (IANS) Prime Minister Narendra Modi on Sunday hailed the Union Budget 2026-27, calling it a “highway of immense opportunities” and said that the “Reform Express” on which India is riding, “will gain new energy and momentum through this budget”.Finance Minister Nirmala Sitharaman presented her ninth consecutive Union Budget on Sunday, motivated by three ‘kartavyas’ or duties aimed at boosting and maintaining economic growth by improving competitiveness, meeting aspirations, and e…