This was the seventh consecutive occasion when the central bank maintained a status quo on policy rates
The RBI on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started normalising with the ebbing of the second wave of the virus
The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth
The government informed Parliament that it expects the total debt as percentage of GDP to increase to 61.7 per cent (provisional) in 2021-22 from 60.5 per cent (provisional) in the previous fiscal.
Historical analysis shows that the government tends to underestimate the growth in agriculture every year; as growth has slipped in the last few years, it has fallen prey to overestimation errors
This is lower than an earlier estimate of 10.1 per cent
Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier
Hard-hearted as it may sound, there is no correlation between the loss of lives and national output
He tells Ashley Coutinho, in an interview, that a quicker-than-expected reversal in easy monetary conditions could sap the liquidity that has elevated asset price valuations
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While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.
RBI should not underestimate risks
The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman
Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2
This time, RBI's rate-setting body is not only talking about sustaining growth but also reviving it
Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside. The rising trajectory of international commodity prices, especially of crude
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Axis Bank's chief economist Saugata Bhattacharya said that he is sceptical if the government will be able to inoculate over 40 per cent of the population with both doses by September or October.