Why Did India Decide to Ban Its Wheat Exports?
India’s wheat exports from its buffer stocks provided some support to global prices.(File)New Delhi: India has banned wheat exports, sending bushel prices to record highs and drawing criticism from the…
RBI’s First Rate Hike In 4 years, What Becomes Costly?
RBI’s off-cycle announcement is likely to make banks increase interest rates on loansThe Reserve Bank of India on Wednesday announced a hike in the repo rate by 40 basis points,…
RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
RBI hikes repo rate by 40 basis points to 4.40 per cent in a surprise move The RBI on Wednesday raised its key lending rate by 40 basis points to…
IMF Slashes India’s Growth Forecast To 8.2% In 2022-23 Over Russia-Ukraine War Concerns
IMF has slashed India’s growth forecast to 8.2 per cent in 2022-23The International Monetary Fund (IMF) has slashed the growth forecast for India for the current financial year by 80…
Finance Minister Discusses Rising Commodity Prices Impact On Economy With IMF Chief
Finance minister Nirmala Sitharaman spoke to IMF chief Kristalina Georgieva on FridayNew Delhi: With the Russia-Ukraine conflict impacting global economy and India’s economic growth likely to be affected due to…
Rising Inflation May Force RBI To Focus on Price Stability, Says SBI Report
SBI has said in its report that RBI will have to intervene if inflation goes on risingAs retail inflation reached a six-month high of 6.30 per cent in May 2021,…