Reserve Bank of India

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RBI Report On Impact Of Climate Change On Economic Growth, Stability

The Reserve Bank of India (RBI) has focused on climate change as the primary theme in its Report on Currency…

1 year ago
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Dalit Women Face Bias Even In Schemes Meant To Help Them

Seema and her husband did quite well when they first opened a samosa stall in the local market of a…

1 year ago
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Double Whammy: Inflation Rises To 7%, Factory Output Plunges

In a double whammy of sorts for the Indian economy, retail inflation accelerated to 7 per cent in August driven…

2 years ago
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Economy Set For Near Double-Digit Contraction: Reuters Poll

The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go…

4 years ago
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Eye-Watering Problem: Optician’s Claim Threatens Nation’s Banks

When business evaporated at Gajendra Sharma’s eyeglass shop a couple of miles from the Taj Mahal during India’s strict COVID-19…

4 years ago
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Government To Infuse $2.72 Bn In State-Run Banks

The government has sought Parliamentary approval to inject Rs 200 billion rupees ($2.72 billion) in state-run banks in the current…

4 years ago
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Recovery To Take Time After Economy Shrinks 24% In June Quarter

India’s economy shrank by nearly a quarter in April-June, much more than forecast and pointing to a longer than previously…

4 years ago
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Economy Likely To See Record Quarterly Slump As Pandemic Hits

India’s economy likely suffered its largest quarterly slump on record, data is expected to show on Monday, as coronavirus-related lockdowns…

4 years ago
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‘Economy More Resilient Now Vs. Global Financial Crisis’

The Indian economy remains much stronger amid the coronavirus pandemic than it was during the global financial crisis over a…

4 years ago
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Recovery Hopes Dashed For Recession-Hit Economy

India’s deepest recession on record will linger through the rest of this year and begin to lift only in early…

4 years ago
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Farmers Driven To Debt As Banks Turn Risk-Averse In Pandemic

Last month, Dnyaneshwar Siddhanth, a farmer from Maharashtra, was in desperate need of money to buy seed and fertilizer as…

4 years ago
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India’s Gloomy Outlook Darkens, Recovery Path In Doubt

The outlook for India’s reeling economy has worsened again as business activity slows and COVID-19 infections soar, and will probably…

4 years ago
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India To Reduce No. Of State-Owned Banks To Just 5: Sources

India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to…

4 years ago
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Economy Slows In March Quarter, Worst Yet To Come

India’s economy grew at 3.1% in the January-March quarter, its slowest pace in at least eight years, and the situation…

4 years ago
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RBI Cuts Rates Again To Soften Coronavirus Blow

The Reserve Bank of India (RBI) on Friday slashed its key policy rate for a second time this year in…

4 years ago
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Covid-19 Has ‘Drastically Altered’ Growth Outlook: RBI

The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its…

4 years ago
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States Scramble For Funds As Virus Takes Toll On Coffers

A three-week nationwide lockdown is testing the resilience of India’s state governments, with analysts warning that essential public services and…

4 years ago
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Scammers Try To Sell “Statue Of Unity”

Police in India lodged a case this week against an unknown online fraudster who tried selling the world’s largest statue…

4 years ago
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Covid-19: RBI Cuts Rates As Distress Mounts Across South Asia

The Reserve Bank of India (RBI) slashed interest rates in an emergency move on Friday to counter the economic fallout…

4 years ago
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Bruised Economy To Be Battered Further By Covid-19: Poll

India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the…

4 years ago
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Yes Bank Debacle Jolts Customers And Partners

Shares in Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after…

4 years ago
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Panicked Yes Bank Patrons Rush To Withdraw Funds

Shares in Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central bank…

4 years ago
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SC Quashes RBI Banking Ban On Cryptocurrency

The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India…

4 years ago
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Eco Growth Slows, With Coronavirus Impact To Come

India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with…

4 years ago
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Economy To Bounce Back As Slump Bottoms Out

Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5% in the…

4 years ago

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