Economy
GST Council removes tax exemptions on some items
States clamour for more revenue share
Food prices help inflation cool down to 7.04% in May
Inflationary pressures will continue for some time due to crude oil prices, say analysts
Rupee plunges to new record low at 77.85, down 11 paise
At the interbank foreign exchange market, the local currency opened at 77.81 traded weaker, but directionless
RBI hikes repo rate by 50 basis points to 4.9%, EMIs to rise
This latest increase in the key rate follows a surprise 40-bps repo rate hike on May 4
RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 per cent
This is the second hike in the policy repo rate since the being of the current financial year
Bond yield spikes to 7.5 per cent for first time in three years
The rate setting panel has begun its three deliberations on Monday with the outcome being announced on Wednesday
Indian GDP grew 8.7% in FY22
Growth in the January-March period was slower than in the previous October-December quarter of 2021-22 at 5.4 per cent
India GDP grew 8.7 per cent in FY22
Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21
Centre plans to spend additional Rs.2 L crore in one year to fight inflation
India’s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high
RBI to transfer Rs 30,307 crore to government
The contingency risk buffer has also been retained at 5.5 per cent