BUSINESS

Economic growth will only move upwards: Shaktikanta Das

2:36 pm February 5, 2021

Mumbai: Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government’s projection of 11 per cent. The projection is in line with the estimates in the […]

RBI keeps policy rate unchanged fourth time in a row

2:29 pm February 5, 2021

Mumbai: Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, […]

IMF welcomes India’s focus on growth in Union Budget

11:41 pm February 4, 2021

Washington : The IMF on Thursday welcomed India’s Union Budget for focussing on growth and said fiscal policy can and should play an important role in facilitating a strong and inclusive economic recovery. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), at a press conference here said the Union Budget rightly focuses on health, education, public infrastructure and, if […]

Budget’s transparency on numbers will enthuse rating agencies: SBI economists

9:25 pm February 4, 2021

New Delhi: Lauding the Budget for ”redefining fiscal rules”, economists at SBI said the greater transparency in numbers will enthuse the market and also rating agencies. In her Budget Speech earlier this week, Finance Minister Nirmala Sitharaman said the fiscal deficit for 2020-21 will come at 9.5 per cent and proposed the same to be narrowed down to 6.8 per cent […]

Future Retail moves HC against order to maintain status quo on deal with Reliance

3:00 pm February 3, 2021

New Delhi: Kishore Biyani-led Future Retail Ltd (FRL) moved the Delhi High Court on Wednesday against its single judge order directing the company to maintain status quo in relation to its Rs 24,713 crore deal with Reliance Retail, which has been objected to by US-based e-commerce giant Amazon. FRL’s appeal was mentioned before a Joint Registrar of the high court […]