MUMBAI: There is growing optimism that India is on the cusp of a long-awaited economic take-off and recent indicators are pointing to a quickening of the momentum of aggregate demand, an RBI report said on Tuesday.RBI’s State of the Economy report also said that non-food spending is being pushed up by the green shoots of … Read more
MUMBAI: The next leg of growth for the Indian economy will come from a fresh round of capacity expansion by the corporate sector, according to the State of the Economy Report published by RBI. The fresh investment is expected to happen with consumer price inflation coming off its Nov-Dec spikes and core inflation dipping to … Read more
MUMBAI: A few segments in unsecured retail loans show signs of weakness which need to be closely monitored by lenders, said a report published by RBI. It also noted that in credit card outstanding, where the interest rates are highest, larger loans are by more vulnerable borrowers. According to the study, over the past decade, … Read more
NEW DELHI/MUMBAI: The RBI’s recent regulatory actions on regulated entities investing in alternatives investment funds (AIFs) are meant to check evergreening and check possible spillover effects on the financial system due to growing linkages between various actors in the system. AIFs are pooled investment vehicles that can operate in India as an infrastructure fund, venture … Read more
NEW DELHI: A Reserve Bank of India (RBI) report on state finances has cautioned against a return to the old pension scheme (OPS), arguing that it will restrict growth by enhancing spending and will be a “major step backwards”, while suggesting that states should refrain from providing non-merit goods and services and subsidies.The advisory ahead … Read more
MUMBAI: The momentum of GDP growth will be higher in the third quarter, but the economy is not yet out of the woods when it comes to inflation, according to an RBI report.“The momentum of the change in GDP is sequentially expected to be higher in Q3 2023-24, with festival demand remaining ebullient. Investment demand … Read more