The minutes of the last monetary policy committee meeting suggest that the RBI going dovish under the new governor Shaktikanta Das, and increases the possibilities of more rate cuts, says analysts.
The country's growth, the note added, has decisively increased over the last five years and is much higher than the average growth among the emerging and developing economies.
India's wheat production in 2018-19 crop year is likely to cross 100 million tonnes -- an all time high -- on better yields because of prolonged winter this season, Agriculture Commissioner S K Malhotra said on Thursday.
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.
The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies.
Foreign direct investment (FDI) into India contracted by 7 per cent to USD 33.49 billion during April-December in the current fiscal, according to commerce and industry ministry data.
Sixteen states and Union territories Tuesday joined a pan-India network of single emergency helpline number '112' on which immediate assistance can be sought by anyone in distress.
The government may not push for relaxation of the February 12, 2018, circular of the Reserve Bank of India anymore, a senior finance ministry official said. The central bank’s February 2018 circular lays down the guidelines for banks to deal with stressed loans.
CBI Director Rishi Kumar Shukla has Tuesday convened a review meeting of all branches of the agency, a first after taking over charge earlier this month, officials said.
Chants of 'Har Har Mahadev' and 'Ganga Maiya Ki Jai' rented the air as lakhs of devotees took dip at Sangam the confluence of Ganga, Yamuna and the mythical Saraswati rivers here on the auspicious occasion of Maghi Purnima.
Sixteen states and Union territories will Tuesday join a pan-India network of the single emergency helpline number '112' on which immediate assistance can be sought by people, the Home Ministry said Monday.
A state ministerial panel set up to review tax rate on lottery Monday favoured a uniform GST rate of either 18 per cent or 28 per cent -- a final call on which would be taken by the GST Council at its meeting on February 20.
A panel of ministers has recommended fixing 5 per cent as the goods and services tax on under-construction residential properties, people with knowledge of the matter said. The payment would not be accompanied by an input tax credit, the people said.
The rupee weakened by 11 paise to end 71.34 against the US dollar Monday amid firming crude oil prices and persistent foreign fund outflows.
After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda.