Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.Analysts from Bank of Baroda and Emkay estimate the dividend to range Rs 2.8 lakh crore and Rs 3.3 lakh crore.The windfall non-tax revenue will provide a major boost to Government finances that will help …
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New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
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, Feb 6 (IANS) The Reserve Bank of India’s (RBI) decision to keep the policy rate unchanged reflected a favourable assessment of growth and inflation dynamics, economists said on Friday.The RBI MPC, in its first monetary policy review of 2026, kept the repo rate unchanged at 5.25 per cent.Analysts welcomed the pause on rate hikes and said they expect the RBI to maintain an extended pause, due to positive cyclical upswing and confidence from successful conclusion of multiple trade deals.Rad…
New Delhi, Dec 30 (IANS) Prime Minister Narendra Modi on Tuesday said that the vision of a Viksit Bharat (Developed India) by 2047 has transcended government policy to become a genuine mass aspiration. Addressing a group of eminent economists and experts at NITI Aayog, PM Modi said that this shift is evident in the evolving patterns of education, consumption, and global mobility, necessitating enhanced institutional capacity and proactive infrastructure planning to meet the needs of an increasin…