Retail inflation inches up to nearly 7% in July on higher food prices

Food prices soared due to supply-side disruptions caused by the coronavirus lockdown and rose 9.62% compared to a jump of 8.72% in June

RBI increases gold loan-to-value ratio to 90%, interest rates unchanged

Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

Terming it the most critical step, Parekh also made a strong pitch for a one-time restructuring to avoid a surge in non-performing assets

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot

So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over the past week

Kumar also advised borrowers to pay their loans if they are not facing any funding challenge

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to lockdown extension

The small decline in orders in March is likely to give way to a collapse in investment across this quarter

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May, 2020