Photo: The Week
Shaktikanta Das Gets Reappointed As RBI Governor
Reappointment of Shaktikanta Das as the governor of Reserve Bank of India has been approved by the Appointments Committee of the Cabinet. The governor has been reappointed for a period of three years after December 10, 2021. DoPT stated, "The ACC has approved the reappointment of Shri Shaktikanta Das, IAS Retd, (TN:80) as Governor, RBI for a period of three years beyond 10.12.2021".
Tags: RBI GOVERNOR, RBI, SHAKTIKANTA DAS, India, Indian Economy
Courtesy: UNI
Photo: Global Capital
'Indian Economy Is Recovering, But Not Enough': World Bank Chief
The World Bank President David Malpass welcomed the progress in the Indian Economy which was hit hard by the COVID-19 pandemic. He further said that India was facing huge challenges, but now has made huge progress with the huge production of vaccines. However, Malpass also said, ''There is progress, but not enough.'' Earlier, the World Bank expected the Indian Economy to grow at 8.3% this year.
Tags: World Bank, Indian Economy, Covid-19, India
Courtesy: The Economic Times
Photo: Business Standard
RBI Maintains Status Quo On Repo Rate & Reverse Repo Rate
The Reserve Bank of India (RBI) on October 8 issued its new report in which it has kept the repo rate unchanged at 4% and reverse repo rate at 3.35%. Reportedly, the decision ''by a majority of 5-1'' will push India's economic growth and recovery. Notably, the repo rate is the lending rate of RBI to commercial banks while RBI takes loans at the reverse repo rate from the banks.
Tags: RBI, repo rate, Reverse Repo Rate, Indian Economy
Courtesy: United News Of India
Photo: Business Today
Indian Economy Registers Growth Rate Of 20.1% In Q1 Of 2021
The GDP data for April-June 2021 released by the National Statistical Office on August 31 revealed that the Indian economy reported a growth of 20.1% compared with the last quarter of 2020. The data shows that the 'Agriculture and electricity sectors registered a growth rate of 8.21% and 3%, respectively. However, economists say the growth was reported because of a lower base as last year GDP contracted 24.4% in Q1.
Tags: GDP, national statistical office, Quarter 1, Indian Economy
Courtesy: The Indian Express
Rare Planet & Tata Tea Premium Collaboratively Create Distinct Kulhad Designs
Rare Planet and Tata Tea Premium have collaborated together to create a collection of 26 distinct Kulhad designs that will represent different regions of India. The distinct Kulhad designs have been made by artisans like Thalanki Rajagopal, Piyali Sana, Jay Odera, and many others sculpting regional painting styles that will represent a state's culture. A reasonable amount will be given to the artisan community as well.
Tags: Kulhad, Artisans, Painting, Indian Economy
Courtesy: The Hindu
Photo: Hindustan Times
Centre Imposes Stock Restrictions On Pulses To Prevent Hoarding
The Centre on July 2 imposed stock restrictions on all pulses excluding moong, held by wholesalers, retailers, importers, and millers until October to prevent hoarding and inflation of prices. The stock limitations were brought into effect immediately. The Union Food and Consumer Affairs Ministry has issued a directive in this regard. Besides, the ministry has developed a web portal to keep a check on the unprecedented practice of hoarding.… read-more
Tags: Stock Restrictions, Indian Economy, Pulses, Stock Limitations
Courtesy: NDTV
Photo: Mettis Global News
IMF Suggests Postive Signs For Indian Economy; Hints Gradual Revival
The International Monetary Fund ahead of the Spring meeting with the World Bank has apprised that the Indian economy is en route to gradual revival. Remarkably, in a first since the pandemic's advent, India's economy, through advancements in gross, fixed capital formation, witnessed substantive GDP growth and improved performance in the fourth quarter of 2020. Moreover, the IMF spokesperson Gerry Rice suggested that although high-frequency… read-more
Tags: IMF, Indian Economy, GDP growth, World Bank, Covid-19, Lockdown
Courtesy: The Indian Express
Photo: The Economic Times
Indian Economy Posts 0.4% Growth For Third Quarter Of FY 2020-21
Recovering from COVID-19 led recession, the Indian economy posted a 0.4% growth in the Q3 FY2020-21. Reportedly, India became one of the few economies that posted a post-COVID growth in the final quarter of 2020. While India's growth slid to -23% in the June quarter, it regained gradually to -7.5% in the September quarter. Amidst the major eight core sectors showing a slight recovery in 2021, the RBI estimated a 10.5% growth for FY2021-22.… read-more
Tags: RBI, India, GDP, Indian Economy, Ministry of Finance, NSSO
Courtesy: NDTV
Photo: DNA India
2021-22 Union Budget To Lay Foundation For Growth In Next 5 Year: FM
Finance Minister Nirmala Sitharaman on December 3 said that the 2021-22 budget will focus on laying the foundations for strong economic growth in the next five years. While asserting that the Indian economy was recovering, the Finance Minister hinted that the government may ease up on spending to stimulate growth. She stated, "2021-22 will be very big, good traction year for achieving a really good rate of growth".
Tags: Indian Economy, Economy, GDP, Nirmala Sitharaman, National news
Courtesy: Reuters
Photo: Darter Photography
Rajasthan Tourism Continues To Suffer As 69% Fall Seen In Domestic Visitors
Pandemic-stricken Rajasthan tourism has witnessed a 69.3% decline in Indian tourists this year. Foreign tourists' figure also fell by 59.54% due to the ongoing pandemic. Moreover, hotel owners complained that the lockdown lifting had aggravated the sufferings. Due to low footfall, the hotels are even unable to pay their staff. Certain guidelines like "Short Stay, Safe Stay", which bounds tourists to visit only specific areas, have also hit… read-more
Tags: Rajasthan, Indian Economy, Covid-19
Courtesy: The Wire
