Concerns about a sharp slowdown in growth seemingly overpowered the Monetary Policy Committee's inflation mandate at its meeting earlier this month when it decided to cut the repo rate for the first time in nearly five years, minutes of the meeting released on Friday showed.Register to read
India's farm exports are likely to be the worst hit once the US rolls out reciprocal tariffs as threatened by President Donald Trump, according to a report by the Global Trade Research Initiative. The likely tariff hikes may also pose significant risks to pharmaceutical and gem and jewellery exports from India. Register to read
Jio Financial Services Ltd. and Zomato Ltd. will replace Bharat Petroleum Corp. Ltd. and Britannia Industries Ltd. in the equity market benchmark Nifty 50 index from Mar. 28, National Stock Exchange's wholly owned subsidiary NSE Indices said in a press release. The changes were announced today as part of the semi-annual review of the Nifty equity indices' composition and criteria.Register to read
India's GDP growth is likely to have rebounded quickly in Oct-Dec from a seven-quarter low of 5.4% in Jul-Sept, driven by an improvement in government spending and rural demand. According to a poll of 13 economists by Informist, GDP growth is expected to have risen to 6.4% in the final quarter of 2024. While this would be a full percentage point higher than the previous quarter, it would be more than 200 basis points lower than the year-ago growth rate of 8.6%.Register to read
The Centre wants state governments to follow its lead and implement more efficient cash management practices, and is looking to rope in the 16th Finance Commission to give them a nudge in this regard, a senior finance ministry official said. The Centre plans to urge the panel to delineate a comprehensive set of guidelines on the subject when it lays out its recommendations for states, the official added. Register to read