The Reserve Bank of India's change in monetary policy stance effectively equates to an additional 25-basis-point (bps) rate cut, Governor Shaktikanta Das was reported as saying.
New Delhi: India’s central bank is seeing “signs of fragility" in some of the 50 mortgage lenders and other shadow banks it is monitoring to prevent the spread of a crisis that followed the collapse of a non-bank lender last year.
New Delhi: The Modi government has underlined its priorities in the first 50 days of its second term, setting sights on making India a USD 5 trillion economy and hitting the ground running on spurring growth.
The Goods and Services Tax (GST) has completed two years and the Central and State tax departments have jointly celebrated the second anniversary on July 1 all over India.
Himachal Chief Minister Jai Ram Thakur said that exporters are playing a crucial role in improving the economic growth and their contribution could be decisive in taking the Indian economy to five trillions as has been envisaged by the Central Government.
India’s textiles ministry has released ₹20 crore for setting up the country’s first centre of excellence for researching and producing natural fibre from plants of the Himalayan region in Almora.