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According to figures issued by the Ministry of Commerce and Industry, wholesale inflation in the country surged to 13.11 percent in February. According to the report, the wholesale pricing index (WPI) increased 12.96 percent in … Read more
According to analysts, the Reserve Bank of India’s March 11 decision to prohibit Paytm Payments Bank from onboarding new clients might be due to a number of factors, including a violation of Know Your Customer … Read more
At its meeting in Guwahati on Saturday, the PF body’s Central Board of Trustees (CBT), chaired by Labour and Employment Minister Bhupender Yadav, is said to have suggested an 8.1 percent rate for the year. … Read more
Russia is eager to increase its oil and petroleum product exports to India, as well as India’s investments in the Russian oil sector, despite western sanctions and a ban on fuel exports to the United … Read more
Even if crude oil prices average $100 per barrel in 2022-23, India’s retail inflation will be below 6%, according to rating firm Crisil, but rising costs will pose a significant risk to growth, especially while … Read more
According to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), India has been very efficient at managing its finances, but the rise in global energy prices will have a detrimental impact on its … Read more
RBI said on Friday, Governor Shaktikanta Das said ‘monetary policy is an art of managing expectations’ emphasizing the need for an effective communication strategy in the face of rising inflation concerns fueled by geopolitical developments. … Read more
The crude oil prices were soaring already and the Russian-Ukraine conflict just triggered an upwards acceleration in Oil prices. In the middle of a Russian invasion of Ukraine, US President Joe Biden declared that his … Read more
The Reserve Bank of India (RBI) is expected to assess the situation resulting from the US and other nations’ sanctions against Russia and devise appropriate steps for commercial banks to follow in the coming days. … Read more
While armies battled in Ukraine, the global economic outlook deteriorated in a matter of days, and unexpectedly powerful financial penalties hit Russia’s economy, threatening to further fuel global inflation. Oil, natural gas, and other necessities … Read more