FM Nirmala Sitharaman

Photo: Scroll

FinMin Nirmala Sitharaman Denies Possibility Of Complete Lockdown

Finance Minister Nirmala Sitharaman on April 13 ruled out the possibilities of a nationwide complete lockdown. In a meeting with World Bank Group president David Malpass, Sitharaman stated, "We don't want to totally arrest the economy... There shall not be lockdown." Measures would be taken at only local level to control COVID-19 cases, she added. Besides, she lauded the efforts of the World Bank for ensuring increased availability of funds… read-more

Wed, 14 Apr 2021 - 11:38 AM / by Nikita Thakur

Tags: Nirmala Sitharaman, Covid-19, Complete Lockdown, NATIONWIDE LOCKDOWN

Courtesy: Hindustan Times

Representational image- Indian and foreign currency

Photo: Google

RBI Data Reveals a Surge In NRI Deposits At $4.86 billion in 5 Months

According to the data revealed by RBI, NRI deposits during April-August had recorded an increase and stood at $4.86 billion as compared to $4.04 billion for the same period in 2019. Bankers opined that NRIs' before leaving to India through the Vande-Bharat Mission could have transferred their deposits into NRE (non-resident external-rupee accounts). However, as the pandemic situation improves and people plan to return back, deposits are… read-more

Fri, 23 Oct 2020 - 04:05 PM / by Nitesh Kumar Singh

Tags: RBI, Non Resident Indians, Covid-19, Lockdown, NATIONWIDE LOCKDOWN, Vande Bharat Mission

Courtesy: The Print

Representative image

Photo: Wikimedia Commons

Retail Inflation Elevates due to Food Prices

Retail inflation rate has raised to 6.93% in July compared to 6.23% in June. Food prices accounted for nearly half of the retail inflation as food inflation accelerated to 9.62% according to Consumer Price Index (CPI). Food prices soared since April due to the supply disruption caused by lockdown. During the second quarter, country's headline inflation is expected to remain the same and may decline thereafter, said RBI governor Shaktikanta… read-more

Thu, 13 Aug 2020 - 08:50 PM / by Bharat Sharma

Tags: RETAIL INFLATION, FOOD PRICES, CPI, RBI, NATIONWIDE LOCKDOWN

Courtesy: Times Of India