The Reserve Bank of India has increased the repo rate by 25 basis points in its Monetary Policy, February, 2023. As the repo rate has increased from erstwhile 6.25 per cent to 6.50 per cent, the standing deposit facility (SDF) rate has correspondingly been adjusted to 6.25 per cent and the marginal standing facility (MSF) […]
Continue ReadingThe Union Budget is being hailed as a budget that ticks all boxes of growth and welfare while still keeping the fiscal deficit as low as 5.9 per cent of the Gross Domestic Product (GDP). It has been prepared with a vision to make India a super power in the Amrit Kaal. It is indicative […]
Continue ReadingAccording to the Finance Minister of India, the Union Budget builds on the foundations laid in the previous budget and presents a blueprint of what India should be in the 100th year of its independence. The objective is to make the fruits of development reach all regions and citizens. This goal is set in the […]
Continue ReadingAccording to the recently released Economic Survey, the Indian economy has been able to sustain severe external shocks such as Covid19 syndrome, Russia-Ukraine war and policy induced inflation that posed severe challenges to the global economy in the financial year 2022-23 as is reflected through its performance indices. India became the world’s fifth largest economy, measured in […]
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