New Delhi: The Reserve Bank of India’s (RBI) recent 50 basis points rate cut will significantly benefit home loan borrowers, especially those already holding loans, by lowering their interest costs, experts said on Friday. This move is timely as India, now the fourth-largest global economy, is experiencing robust growth in real estate across major metros,.
US federal reserve chair Jerome Powell issues stark warning, saying president Donald trump’s tariffs could lead to higher inflation and slowdown the economic growth. Speaking at economic club of Chicago, Powell said the central bank remains in wait and see mode for now, but acknowledged the tariffs are already complicating the fed’s policy outlook. “Tariffs.
New Delhi: Finance Minister Nirmala Sitharaman is set to launch the ‘NITI NCAER States Economic Forum’ portal on Tuesday. Developed by NITI Aayog in partnership with the National Council of Applied Economic Research (NCAER), this portal serves as a comprehensive repository of data covering social, economic, and fiscal parameters, along with research reports and expert.
Bengaluru: India’s digital economy has experienced a remarkable growth, expanding tenfold and approaching the $1 trillion milestone, according to a recent report. The country accounted for 31% of the global IPO volume last year, raising $3 billion in total fundraising. India is aiming to reach a $13 trillion market capitalization by 2030, driven by strong.
New Delhi: The Reserve Bank of India (RBI) is anticipated to lower the repo rate by 25 basis points (bps) in its monetary policy announcement scheduled for February 7, according to a report from Bank of Baroda. The report indicated that inflation, the primary concern for monetary policy, is showing signs of moderation, prompting the.
New Delhi: On January 30, Prime Minister Narendra Modi announced the Cabinet’s approval of the National Critical Minerals Mission (NCMM), which seeks to lessen India’s reliance on imports, enhance domestic value chains, and contribute to the country’s goal of achieving ‘Net Zero by 2070.’ In response to an article by Union Minister G Kishan Reddy.
New Delhi: The government has greenlit the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aimed at facilitating loans of up to Rs 100 crore for eligible firms to acquire machinery and equipment. Under this scheme, the National Credit Guarantee Trustee Company Limited (NCGTC) will provide a 60% guarantee coverage to member lending institutions (MLIs) for.
New Delhi: A recent report from the Reserve Bank of India (RBI) highlights a significant increase in retail digital payments in India, soaring from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in 2023-24—an approximately 100-fold rise over the past 12 years. This growth is also reflected in the RBI’s.
New Delhi: The Union government is expected to unveil innovative strategies in the upcoming Budget 2025 to enhance infrastructure, agriculture, MSMEs, and other essential sectors, according to a report by the State Bank of India. Among the proposed measures could be alternative funding avenues for infrastructure projects, which are usually less expensive than traditional loan.
Mumbai: Indian markets are gearing up for a crucial week ahead, as significant events like the Union Budget, macroeconomic data releases, Q3 earnings reports, and the US Federal Reserve’s policy decision are expected to impact market sentiment. Starting Monday, the upcoming week will be vital for investors, particularly with Finance Minister Nirmala Sitharaman set to.
Mumbai: As Indian investors adopt a cautious approach ahead of the inauguration of Donald Trump as 47th US President and his comments with focus on tariffs, this week was a mixed bag for the domestic benchmark indices. After three days of gains, the domestic market ended on a weak note on Friday as large-cap IT.
