On future indicators, the RBI noted that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage, but the uncertainty is still there due to frequent recurrence of adverse weather events, resurgence of geo-political tensions and financial market volatility.
GST Council likely to take up issue in next meeting, may be renamed and continued in another form
After the meeting, panel members told Business Today TV that a lot of issues were discussed at the meeting. The rate revision was discussed, however, nothing was finalised.
The report noted that the resilience of domestic activity is also reflected in the strong performance of the manufacturing and services sector purchasing managers’ indices.
Commerce Minister Piyush Goyal had also flagged the issue of predatory pricing recently; Competition Commission of India may be roped in at a later date.
SGBs: Sources told BT TV that further tranches of sovereign gold bonds are unlikely as it is a complex and expensive instrument.
Annual PLFS report, Annual Survey on Industries, ASUSE and HCES 2023-24 and time use survey to be released
Goyal questioned the overall impact of e-commerce on India's retail landscape. He pointed out that while e-commerce is growing at a rapid pace, with a 27% annual growth rate, this expansion could lead to significant social disruption.
Murthy had earlier expressed skepticism about India's ambition to compete with China as a global manufacturing hub.
From August 1 to 17, FPIs withdrew a net amount of Rs 21,201 crore from equities. So far this year, FPIs have invested Rs 14,364 crore in equities, the data showed.
"India's growth did much better than we expected the last fiscal year and that those carryover effects are affecting our forecast for this year," said Gita Gopinath.
The annual rate of inflation for Primary Articles of WPI stood to 3.08 per cent in July as compared to 8.80 per cent in June.
Ola Electric, Unicommerce, FirstCry IPOs: Congratulating the three companies, Nithin Kamath said that as the response indicates, investors are happy.
The tender panel found that the company’s bidding price of Rs 150.9 crore for each train was too high, and urged them to cap it at Rs 140 crore.
CPI inflation for July: The SBI Ecowrap predicted inflation to remain elevated and hover above Reserve Bank of India’s (RBI’s) forecast of 4.5 per cent in FY25.
For non-emergency premature withdrawals within the three-month period, NBFCs are allowed to return up to 50 percent of the deposit amount, but not more than Rs 5 lakh, without paying interest, PTI reported.
Month-on-month vegetable inflation rises, analysts expect relief after new crop post Monsoons
It has also begun discussions with industry representatives for feedback on the model and details of the scheme.
Bangladesh's textile industry is a crucial component of its economy, contributing to 80% of its exports and constituting 15% of its GDP. India plays a vital role as an export partner, supplying 20%-25% of the yarn that Bangladesh imports for producing garments.
The 8 projects will cover 14 districts in seven States -- Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana and West Bengal and will increase the existing network of Indian Railways by 900 km.
This insightful discussion sets the stage for Business Today's biggest event of the year, the "Adani BT India@100" forum on August 20 at the Leaders Lounge, Bharat Mandapam in New Delhi, where top corporate leaders, thought leaders, and policymakers will further explore India's path to becoming an economic giant by 2047.
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