Household debt registered new high by Q3FY24, savings plummeted: Report | Economy & Policy News – Business Standard

https://www.business-standard.com/economy/news/household-debt-registered-new-high-by-q3fy24-savings-plummeted-report-124040900472_1.html Clipped from: https://www.business-standard.com/economy/news/household-debt-registered-new-high-by-q3fy24-savings-plummeted-report-124040900472_1.html A report by Motilal Oswal said that households’ net savings plummeted to a six-year low level of 18.4 per cent of GDP

Ratio of GST collections to GDP is increasing, albeit at a slow pace | Economy & Policy News – Business Standard

https://www.business-standard.com/economy/news/ratio-of-gst-collections-to-gdp-is-increasing-albeit-at-a-slow-pace-124040900613_1.html Clipped from: https://www.business-standard.com/economy/news/ratio-of-gst-collections-to-gdp-is-increasing-albeit-at-a-slow-pace-124040900613_1.html GST receipts rose more than GDP growth in nominal terms in the past three years. But buoyancy came down from 1.6 to

MPC decisions [1] About perceived weak consumer demand–RBI Governor responds by saying – urban consumption remains strong and rural consumption has recovered and is gaining –[ so by implication there is no weak consumer demand ] [2] Transmission– between April and February, there is still transmission going on –In January there was 13 basis points of increase in fresh loans. He feels as mobilisation of deposits takes place at higher and higher rates , there will be further transmission in the lending rates. [3] RBI says even going 12 months forward, inflation is not at target While real rates do matter but we need to see that inflation aligns with target that is the primary objective of monetary policy–Courtesy Business Standard

👍👍👍We are consciously building forex reserves: RBI governor – Economy News | The Financial Express

https://www.financialexpress.com/policy/economy-we-are-consciously-building-forex-reserves-rbi-governor-3447950 Clipped from: https://www.financialexpress.com/policy/economy-we-are-consciously-building-forex-reserves-rbi-governor-3447950/ India’s foreign exchange reserves rose $2.9 billion to reach an all-time high of $645.6 billion as of March 29. Earlier, forex reserves

👍👍👍👍👍Gold hit lifetime high on Powell’s comment on rate cuts; Read to know more – Market News | The Financial Express

https://www.financialexpress.com/market/gold-hit-lifetime-high-on-powells-comment-on-rate-cuts-read-to-know-more-3446304 Clipped from: https://www.financialexpress.com/market/gold-hit-lifetime-high-on-powells-comment-on-rate-cuts-read-to-know-more-3446304/ Gold continue to hover around its all-time high levels, on the back of weakness in the Dollar amid uncertainty over U.S. interest

👍👍👍👍👍Balancing rupee, interest rate movement, a tough ask – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/balancing-rupee-interest-rate-movement-a-tough-ask/article68019790.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/balancing-rupee-interest-rate-movement-a-tough-ask/article68019790.ece Managing the exchange rate and interest rate simultaneously will become a challenge if this fiscal too sees high FPI inflows As India’s

India must focus on manufacturing to compete with China on economic front: Jaishankar – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/india-must-focus-on-manufacturing-to-compete-with-china-on-economic-front-jaishankar/article68018696.ece Clipped from: https://www.thehindubusinessline.com/economy/india-must-focus-on-manufacturing-to-compete-with-china-on-economic-front-jaishankar/article68018696.ece There is no other way to counter China on the economic front, insisted the career diplomat-turned-politician To compete with China on the economic front,

India’s manufacturing PMI hits 59.1 in March, highest since 2008 – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/indias-manufacturing-pmi-hits-591-in-march-highest-since-2008/article68018773.ece Clipped from: https://www.thehindubusinessline.com/economy/indias-manufacturing-pmi-hits-591-in-march-highest-since-2008/article68018773.ece Growth of new orders was the quickest in nearly three-and-a-half years with inflows of new work strengthening from both domestic and export

GST collection in March surges to ₹1.78-lakh crore – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/gst-collection-in-march-surges-to-178-lakh-crore/article68016512.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-collection-in-march-surges-to-178-lakh-crore/article68016512.ece This is the second all-time high collection after ₹1.87-lakh crore in April last year Improved compliance coupled with a spur in economic

India, Ukraine agree to restore trade, economic cooperation to levels before Russia war – The Hindu BusinessLine

https://www.thehindubusinessline.com/news/world/india-ukraine-agree-to-restore-trade-economic-cooperation-to-levels-before-russia-war/article68006918.ece Clipped from: https://www.thehindubusinessline.com/news/world/india-ukraine-agree-to-restore-trade-economic-cooperation-to-levels-before-russia-war/article68006918.ece Jaishankar, Kuleba share perspectives on trade, health, agriculture cooperation, peace formula “Your visit gives us an opportunity, obviously, to understand the situation

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