Retail inflation may average at 4% in FY20: SBI report
The report said even as food CPI will remain elevated, core CPI will go below 3% in this fiscal.
RBI to cut rates by 40 bps by Feb despite high inflation
The consumer price inflation fastened to 4.62 per cent for October.
Loan outreach: PSBs disburse Rs 2.5 lakh crore in October
Under an outreach programme, public sector banks disbursed as much as Rs 2.53 lakh ...
Higher wholesale prices, strong reservoir levels to help farmers in FY20
The central government's spending on the rural sector has increased 21% in the first seven months of fiscal 2020, the fastest growth in 11 years. All these factors, the unusually strong water reservoir levels and pick-up in rabi crop sowing activity, are initial signs pointing toward the rural sector bottoming out, Motilal Oswal says.
PSU banks disburse Rs 2.52 lakh crore loans in October
The government in September had asked state-run banks to step up lending and hold outreach programmes or loans melas in 400 districts to lend to desirable shadow banks and retail borrowers. An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement.
Optimising fixed-income returns: How to get around high tax
In terms of savings, India is still very much a fixed income country.
Bengal FM cautions govt against reviewing exemptions under GST
West Bengal finance minister Amit Mitra, in his letter to Union finance minister Nirmala Sitharaman mentioned the exemptions to commodities from GST that were discussed in a meeting. He said the basic principle behind exempting these items was that these were consumed predominantly by the poor and the underprivileged.
Passenger vehicle retail sales jump 11% in October on festive demand: FADA
According to Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018. Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.
Vanguard braces for test of bond market’s budding inflation bet
Five-year breakeven rates — a proxy for anticipated annual increases in consumer prices into 2024
Maruti cuts production for the ninth straight month in October
While the company reduced production of mini cars Alto, S-Presso and old WagonR 39% to 20,985 units in the month under review, those of compact cars (New WagonR, Celerio, Ignis, Swift, Baleno, DZire) was cut 13.6% to 64,079 units. Production of midsize sedan Ciaz dropped 45% to 1,922 units in the same period.
Domestic air passenger traffic grows by 3.98 per cent in October
The domestic air traffic last month consisted of 12.31 million passengers compared to 11.84 million passengers in the same month last year, a jump of 3.98 per cent, as per data. IndiGo maintained its lead position with 47.4 per cent share of the domestic passenger market in October, the data showed.
950 cases of ceasefire violations along LoC between August-October
"Pakistan has been resorting to Ceasefire Violations along the LoC. There have been 950 incidents of CFVs along Line of Control and 79 incidents of CFVs along International Border in Jammu region during the last three months (August to October, 2019)," Shripad Naik, Minister of State for Defence said in a response to a question in the Rajya Sabha.
RBI says there’s room for more policy easing
The rate-setting panel cited high inflation as the reason for the pause.
Onion avalanches must be prevented: If not armoured vans, at least steel container trucks are needed to safeguard them
An avalanche of onions these days is akin to a downpour of doubloons, only far more precious and useful than mere gold coins.
Diesel demand falls 7.4% in October partly due to economic slowdown
Accounting for a share of 40% of the country's total oil requirement, demand for diesel has reported to plunge 7.4% in October from a year ago which is the biggest monthly fall in three years. Economic slump, extended monsoon, auto sector slowdown, preference for petrol vehicles are some factors behind the downfall in demand for diesel.
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