New Delhi, June 21 (IANS) The Parliamentary Standing Committee on Finance will be meeting soon to discuss the evolving economic situation in the country amid the uncertainties due to the West Asia crisis.Committee Chairman Bhartruhari Mahtab said: “Despite the serious headwinds, India’s economy is emerging in a better way. There are certain very good indicators where household savings also increased in comparison to last year.” However, the challenge is that private investment is not picking up,…
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New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
Mumbai, April 22 (IANS) Amid the outlook of elevated energy prices coupled with supply shock due to disruptions in the Strait of Hormuz, which pose a drag on domestic production in 2026-27, the Government’s focus on scaling up domestic manufacturing in several strategic and frontier sectors announced in the Union Budget bodes well for India’s ensuing growth trajectory, according to the minutes of the RBI Monetary Policy Committee (MPC) released on Wednesday.On the external front, merchandise…