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The RBI also allowed cooperative banks to give out loans for residential projects—a move widely expected to take off some of the pressure of rising cost of funds for developers—in addition to increasing the limit of individual housing loans provided by them. (Representational Image/ AA)

RBI hikes key rate by 0.5 per cent as it tries to tame inflation

This latest increase in the key rate follows a surprise 40-bps repo rate hike on May 4

09 Jun 2022 1:12 AM

Reserve Bank of India Governor Shaktikanta Das (PTI Photo)

RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 per cent

This is the second hike in the policy repo rate since the being of the current financial year

08 Jun 2022 11:41 AM

With the RBI’s bi-monthly policy announcement expected to raise rates this week, markets have been gearing up for an aggressive rate hike of maybe 50 basis points. — Asian Age file image

Bond yield spikes to 7.5 per cent for first time in three years

The rate setting panel has begun its three deliberations on Monday with the outcome being announced on Wednesday

07 Jun 2022 8:03 AM

Growth in the January-March period was slower than in the previous October-December quarter of 2021-22 at 5.4 per cent, the government data showed on Tuesday. (Representational Photo:AP)

8.7 per cent growth in GDP in FY2022, Q4 dips to 4.1 per cent

Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21

01 Jun 2022 12:53 AM

Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. (REUTERS)

Centre plans to spend additional Rs.2 L crore in one year to fight inflation

India’s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high

23 May 2022 2:12 AM

Reserve Bank of India on Friday said that it has approved the transfer of Rs 30,307 crore as a surplus to the Union government for the 2021-22 accounting year. (AA file Photo)

RBI to transfer Rs 30,307 cr to government

The contingency risk buffer has also been retained at 5.5 per cent

21 May 2022 12:35 AM

Reserve Bank of India Governor Shaktikanta Das digitally delivers a statement. (PTI Photo)

RBI, in surprise move, hikes key rate by 0.4 per cent, EMIs might go up

The move will lead to an increase in lending rates and make retail loans, including home loans, costly

05 May 2022 2:15 AM

Merchandise exports rose 24 per cent to $38.19 billion and imports rose 26.6 per cent to $58.26 billion in April 2022 compared to the same month last year. (Representational Photo: AFP)

Exports jump by 24% in April

Higher energy prices were one of the key factors for the higher exports

03 May 2022 11:32 PM

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

23 Apr 2022 1:42 AM

Union Minister for Finance Nirmala Sitharaman and Kristalina Georgieva, Managing Director, International Monetary Fund in Washington D.C. (pib.gov.in)

Nirmala meets IMF chief; discusses impact of geopolitical situation on global growth

IMF chief highlighted India's well-targeted policy mix which helped the country's economy remain resilient even with a limited fiscal space

19 Apr 2022 11:09 AM

Under GST, essential items are either exempted or taxed at the lowest rate while luxury and demerit items attract the highest tax. (ANI)

5 per cent GST rate may give way for 3%, 8% slabs

Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of ₹50,000 Cr annually

17 Apr 2022 9:53 PM

Total petroleum product consumption in March stood at 19.41 million tonnes, the highest since March 2019, data from the Petroleum Planning and Analysis Cell of the oil ministry showed. (Representational Image/ PTI)

India's fuel sales hit 3-year high in March

Fuel demand in the fiscal year ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the highest since FY20

12 Apr 2022 4:12 AM

RBI Governor Shaktikanta Das. (PTI Photo)

RBI cuts growth outlook, interest rate unchanged

Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors

08 Apr 2022 11:10 AM

India's merchandise exports had breached the targeted USD 400 billion mark on March 23 this year. (PTI Photo)

India exports rise to record high of USD 418 bn in FY22

Outbound shipments touched an all-time high of USD 40 billion in a month in March 2022, Minister Piyush Goyal said

03 Apr 2022 11:50 PM

The previous high for collection of GST revenues was in January 2022 at over Rs 1.40 lakh crore. (ANI File Image)

GST mopup hits ₹1.42 L cr in March

The key reasons behind such a huge mopup are continued recovery in the economy and anti-evasion drive by the GST authorities

02 Apr 2022 12:28 AM

Finance Minister Nirmala Sitharaman. (PTI)

Interest rates on small savings schemes unchanged for first quarter of FY23

The interest rate has not been revised since the first quarter of 2020-21

01 Apr 2022 1:52 AM

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the second part of Budget Session of Parliament, in New Delhi, Friday, March 25, 2022. (PTI photo)

Lok Sabha passes Finance Bill

The Union Budget 2022-23 had proposed taxing crypto assets at the rate of 30 per cent, effective from April 1

26 Mar 2022 1:11 AM

India is 85 per cent dependent on imports to meet its oil needs. (Photo: PTI/Representational)

India's GDP growth forecast cut to 7.9 per cent: Morgan Stanley

The report saw upside risks of 0.5 per cent of GDP to the fiscal deficit target of 6.4 per cent of GDP for FY23

13 Mar 2022 12:10 PM

The total credit card spends for the industry declined 7 per cent MoM in January to Rs 88,040 crore. The spends had grown 5 per cent MoM to Rs 94,200 crore in December 2021. — Representational image/DC

Credit card spends, transactions decline in January

All large players reported a decline in monthly spends per card with the highest fall seen by IndusInd Bank

09 Mar 2022 9:45 AM

The basket of crude oil India buys rose above USD 102 per barrel on March 1. (Photo: ANI/File)

Petrol, diesel price hikes to restart from next week

International crude oil prices shot above USD 110 a barrel for the first time since mid-2014

02 Mar 2022 1:07 PM

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Sanjeev Ahluwalia