Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper
A paper by senior Reserve Bank of India (RBI) staff revealed that the central bank's cumulative rate hikes of 2.5 percentage points since May 2022 have negatively impacted headline inflation by 1.60%. The study, which does not reflect the official views of the RBI, indicated that these rate increases have helped anchor inflation expectations and modulate aggregate demand, resulting in disinflationary effects. Key Points
Economic TimesRs 40 trillion investment, 20 lakh jobs: What Naidu wants to achieve in 5 yrs with 6 industrial policies
Andhra Pradesh cabinet approved the policies in one go at Amaravati this week. The proposed incentives will attract industries back to the state, says CM Chandrababu Naidu. Key Points
ThePrintSurprise Dissent! Who's the new rebel in RBI's monetary policy team?
The RBI appointed three new external members to its monetary policy committee, who influenced the shift to a 'neutral' stance on growth, despite differing views on the 6.5% repo rate. Nagesh Kumar emerged as a new dissenter advocating for a rate cut. Key Points
Economic TimesDigitalisation helps improve monetary policy transmission: RBI
If digitalisation were to lead to a decline in resistance to price change by 10%, say, due to the rising online presence of retail stores and dynamic pricing algorithm, inflation fall could be higher at 35 bps without impacting the output in the economy. If the price elasticity of demand falls, inflation could drop by 30 bps (5 bps more than its baseline level), the study explains. Key Points
Economic TimesMarkets hold on to early gains after RBI monetary policy decision
Interest rate-sensitive bank, realty and auto stocks trading with gains. Benchmark equity indices jumped in late morning trade on Friday, extending their rally... Key Points
The Tribune India
RBI MPC: Will central bank hold key rates again?
The MPC last changed rates in February 2023, when the policy rate was hiked to 6.5%. Key Points
India TodayRBI unlikely to cut interest rate on June 7, say experts
The Reserve Bank of India is unlikely to cut the benchmark interest rate in its upcoming monetary policy review amid inflation challenges and improving economic growth. Scheduled for June 5-7, the Monetary policy Committee (MPC) is expected to maintain the current 6.5% repo rate. Experts cite steady economic conditions and ongoing inflation concerns as reasons for maintaining the status quo Key Points
Economic TimesDeep tech startup policy likely in forthcoming Budget
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new government. The policy, in final stages, aims to promote innovation and R&D. Voting for the Lok Sabha polls is over, with results on June 4 and a new government taking oath this month. Key Points
Economic TimesRBI MPC: Experts decode policy impact on stock markets. Here's what they said
The policy was on expected lines and turned out to be a non-event for the markets barring the realty sector with stocks gaining up to 7%. Following the policy experts came out with their views on the policy and its impact on equity and bond markets. Key Points
Economic TimesRBI keeps key repo rate unchanged at 6.5%, expects robust growth but inflation above 4% target
Repo rate was raised by 250 basis points between May 2022 and February 2023. Robust growth to provide space for monetary policy to remain focused on bringing inflation down to 4% target. Key Points
ThePrint
If you don't get any rate cut this Friday from Shaktikanta Das & Co, blame it on the weather
The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5% for a seventh straight policy meeting. Key Points
Business TodayRBI to keep repo rate revision on hold due to India's 'Goldilocks' economy: Report
The current repo rate is 6.50%, which was last updated on February 8, 2024. Since then the RBI has decided to keep the rate unchanged. Key Points
Business TodayIndia's 'Goldilocks' economy to prompt Reseve Bank of India to keep rates on hold
India's central bank is likely to retain interest rates at 6.50%, emphasizing the balance between growth and stability. With strong economic growth and lower inflation, the bank aims to maintain policy until inflation aligns with the 4% target. Key Points
Economic TimesIndia's new EV policy allows imports from any country, including China: Official
India's new EV policy allows import of electric vehicles, even from China, with import duty concessions for companies investing USD 500 million. The policy aims to kickstart four-wheeler e-car manufacturing and may lead to Chinese auto firms entering the local market. Key Points
Economic TimesRBI Monetary policy Committee Meeting from April 3: Check time and what to expect on repo rate
RBI Monetary policy April: The meeting is scheduled to start at 10 am on Wednesday. The RBI will announce the review of the policy on April 5, i.e. Friday. Key Points
Business Today
ED questions Delhi minister Kailash Gahlot — ‘part of Group of Ministers who prepared excise policy'
Gahlot has been summoned for 1st time. According to ED, Vijay Nair, alleged middleman between AAP & 'South Group', stayed at Gahlot's govt bungalow without authorisation. Key Points
ThePrintStable policy, stronger balance sheets make them ready for another round of re-rating? 6 sugar stock with
If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price (MSP) or fair remunerative price as it is called by this name also. It is essentially the minimum price at which sugar mills are supposed to buy sugar cane from farmers. But things have changed for the better in the last ten years and debt numbers and also stock prices are clearly showing that. There is no arbitrary change in policy around election time. The question is whether a better debt situation would lead to stronger re-rating this time? Key Points
Economic TimesRBI releases schedule for 2024-25 monetary policy meetings
New Delhi [India], March 27 (ANI): The Reserve Bank of India (RBI) has released the schedule for the monetary policy meetings for the financial year 2024-25. The first meeting of the year is scheduled for April 3-5, 2024. Show Full Article The other five meetings are scheduled for June 5-7, 2024; August 6-8, 2024; October […] Key Points
ThePrintUS ‘perplexed’ by Benjamin Netanyahu's cancellation of Israeli delegation's US visit
White House perplexed over Israeli PM's decision to call off delegation trip to US, despite perceived shift in US policy. Biden admin clarifies no change in approach. Key Points
mintIndian-origin profs file appeal in California State University's 'discriminatory' caste policy case
Profs Sunil Kumar & Praveen Sinha last yr filed a complaint in California federal court to prevent CSU from enforcing policy. However, in November, district court had dismissed the matter. Key Points
ThePrint
Deep tech startup policy in final stages, says secy
Discover the latest updates on the final stages of the deep tech startup policy by the government. Get insights from Secretary Rajesh Kumar Singh at the DPIIT. Key Points
Times Of IndiaUS Fed interest rate decision key event to watch out for this week: Analysts
International Business News: Stock markets are influenced by US Fed rate decision and global trends. Concerns over foreign investors, smallcap, midcap decline persist. Keep a clos Key Points
Times Of IndiaArvind Kejriwal replies to ED summons, 'ready to answer' after March 12: AAP
Delhi excise policy case: AAP said Arvind Kejriwal has sent a reply to ED. He said the summons is illegal but still he is ready to answer. | Latest News India Key Points
Hindustan TimesDollar edged lower ahead of economic data, yen rises
By Stefano Rebaudo (Reuters) -The dollar struggled for direction on Tuesday ahead of key data that could provide further clues about the U.S. Federal Reserve's policy path, while the yen rose after Key Points
ThePrintDisconnect between RBI rate corridor and call rate represents 'serious friction,' says MPC’s Varma
Jayanth Varma, external member of the Monetary policy Committee, discusses the challenges in transmitting policy rate changes due to money market rates breaching the Reserve Bank of India's interest rate corridor. Liquidity management and the impact of benchmark policy rate on market rates need to be taken into consideration, he explains. Key Points
Economic Times
RBI wants to keep inflation vigil, MPC’s external members see room to ease a bit
External members of the Monetary policy Committee suggest reducing policy interest rates due to temporary food shocks and high real interest rates. However, caution is advised as markets are running ahead of policy makers and inflation history suggests challenges in bringing it down. Key Points
Economic TimesHusband wins Rs 1.57 crore health insurance claim against LIC after a 5-year fight
LIC health insurance claim: Life Insurance Corporation of India (LIC) was ordered by NCDRC to pay Rs 1.57 crore to the husband of deceased policy holder who died from Breast Cancer in 2017. The said policy was approved by LIC in 2016 after eco and medical tests were done by the policyholder. Key Points
Economic TimesLiquor policy case: ED issues sixth summon to Delhi CM Arvind Kejriwal
The Enforcement Directorate (ED) has issued a sixth summons to Delhi Chief Minister Arvind Kejriwal, asking him to appear on February 19 in the liquor policy case. Kejriwal has previously skipped several summons, calling them illegal and politically motivated. The ED wants to record his statement regarding the formulation of the liquor policy and allegations of bribery. The case involves kickbacks worth Rs 45 crore allegedly used by AAP in its election campaign in Goa. Key Points
Economic TimesIncomplete transmissions & inflationary challenges, RBI drops hints for those reading into MPC’s stance
The Reserve Bank of India's Monetary policy Committee (MPC) has maintained its stance and kept rates unchanged for the sixth consecutive meeting. Despite expectations for a change in policy stance due to easing core inflation and a fiscally prudent interim budget, the MPC opted to continue with the withdrawal of accommodation stance. Economists suggest the RBI may be hinting at delinking its stance with liquidity management. Bond yields initially dipped on expectations of a change in stance Key Points
Economic TimesNew LIC life insurance cover: 7 important details about LIC’s Index Plus policy
The Life Insurance Corporation of India (LIC) unveiled Index Plus, a new unit-linked life insurance policy. It is a non-participating, regular premium individual life insurance plan that provides life insurance coverage and cumulative savings throughout the course of the policy. Key Points
Economic Times
Excise policy case: Delhi court summons Arvind Kejriwal on February 17
The Rouse Avenue Court in Delhi has summoned Chief Minister Arvind Kejriwal on February 17, 2024, after taking cognizance of the Enforcement Directorate's complaint. The complaint alleges that Kejriwal did not comply with the summons issued by the agency in the Delhi liquor policy money laundering case. Kejriwal had previously skipped multiple summons, with his party denouncing them as unlawful and politically motivated. Key Points
Economic TimesCanara HSBC iSelect Smart360: From benefits, to options; all you need to know
Canara HSBC iSelect Smart360 is a term insurance plan that provides financial support to the family in the event of the policyholder's demise. It offers three options for coverage and allows for the customization of death benefit payment options. Key Points
mintDollar steady before Fed, euro slips on ECB cut comments
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The dollar was steady on Monday as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while the euro Key Points
ThePrint‘Diplomacy is as old as the human race,’ says Jaishankar in new book ‘Why Bharat Matters'
India’s foreign policy has undergone a sea-change in the last ten years along with the country’s outlook as an important player on the global stage. The world and India, both are changing. The combination of the two mandated a book, felt the minister Key Points
FirstpostED summons BRS leader K Kavitha for the second time in Delhi liquor policy case
The Enforcement Directorate has issued summons to K Kavitha, leader of the Bharat Rashtra Samithi, to appear for questioning regarding alleged kickbacks to AAP leaders. Kavitha's role in influencing the Delhi excise policy and her association with the Indospirits Group will be investigated. | Latest News India Key Points
Hindustan Times
Gifting leave to one in need is a good deed indeed
Recent Deloitte survey shared exclusively with ET has shown that companies offering employees a chance to gift their leaves to colleagues in need promotes a culture of camaraderie and collaboration. Gift a leave helps in providing a safety net to employees, especially new employees, said experts. Key Points
Economic TimesNew health insurance rule in 2024: CIS will show claim settlement time, other key policy details from Janu
A customer information sheet or CIS gives you a glance at the key policy details in a summarised format. The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to provide revised customer information sheets (CIS) highlighting all key policy details in simple terms from January 1, 2024. Know how it will help health insurance policyholders Key Points
Economic TimesDollar snaps two-year winning streak on 2024 rate cut bets
By Rae Wee SINGAPORE (Reuters) - The dollar looked set on Friday to end 2023 with a loss, reversing two straight years of gains, dragged by market expectations that the U.S. Federal Reserve could Key Points
ThePrintLower interest rates forecast for 2024, but geopolitical tensions can keep monetary policy on its toes
Globally, the tone of monetary policy has also become less hawkish, suggesting that the most challenging phase of the cycle of increasing interest rates is now behind. This positive development has opened up the possibility of interest rate softening in 2024 to support economic growth. Key Points
Business TodayIndia looking to create special farm sector indices to lift agri productivity and incomes
A senior government official told ET that the preparatory work had started at the level of Niti Aayog as well as the ministry of agriculture and farmers welfare, and that the policy interventions may be rolled out after the general elections in 2024. As part of the multi-pronged strategy, the Niti Aayog is working on developing indices across agriculture and rural landscape to track progress of the existing schemes and undertake evaluation of flagship programs to introduce changes, wherever needed, the official said. Key Points
Economic Times
‘Ties to liquor barons, exorbitant profits’ — ED summons Kejriwal again in ‘excise policy scam’ probe
Delhi CM Arvind Kejriwal was earlier summoned by ED on 2 November but chose to skip. CBI is conducting parallel probe into Delhi govt’s now-withdrawn liquor policy. Key Points
ThePrintThe Fed’s policy pivot: Premature?
It signalled policy rate cuts next year and got markets all excited, but we can’t ignore the risk of it going wrong on inflation again. The Fed can’t afford any further weakening of its reputation for price stability. Key Points
mintFed flags end of rate hikes, sees lower borrowing costs in 2024
Central bank holds policy rate in 5.25%-5.50% range. Officials see 75 basis points of cuts next year. Fed's 'soft landing' scenario still on the table. Key Points
Economic TimesWall Street subdued, gold slides ahead of CPI, Fed
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were muted and gold slid on Wednesday, as investors bided their time ahead of crucial inflation data and the U.S. Federal Reserve's monetary policy Key Points
ThePrintRBI MPC meeting: Here's experts' take on repo rate status quo
During the bi-monthly Monetary policy Committee (MPC) meeting, the Reserve Bank of India (RBI) decided unanimously to maintain the repo rate at 6.5%, marking the fifth consecutive time. RBI Governor Shaktikanta Das highlighted the central bank's focus on withdrawing the accommodation stance, considering the moderation of inflationary pressures and robust economic expansion in the first half of the fiscal year. Key Points
Economic Times
RBI keeps repo rate unchanged, but remains ‘highly alert’: 10 key takeaways
The Reserve Bank of India's MPC unanimously decided to keep the key interest rates unchanged after the conclusion of its meeting today. Here are 10 key takeaways. Key Points
India TodayRBI to announce monetary policy today, another pause in repo rate most likely
New Delhi [India], December 8 (ANI): Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo. […] Key Points
ThePrintNifty crosses 21,000 for 1st time as RBI keeps repo rate unchanged
The Nifty 50 rose to an all-time high of 21,006.10 soon after Reserve Bank of India Governor Shaktikanta Das announced that the central bank’s Monetary policy Committee decided to keep the repo rate unchanged at 6.5 per cent. Key Points
India TodayRBI keeps repo rate unchanged at 6.5%, remains focused on tackling inflation
The decision to maintain the key repo rate at 6.5 percent marks the fifth instance when the 6-member Monetary policy Committee (MPC) has opted to keep the interest rates unchanged. Key Points
India TodayLIC Jeevan Utsav: New life insurance plan launched with lifetime guaranteed returns
LIC Jeevan Utsav offers life insurance coverage for the duration of the policy holder's life is a plus point. LICs Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan. Key Points
Economic Times
1% of sum insured as weekly income for 2 years, coverage for coma, 6 key features you must have in acciden
Many times trauma caused by an accident may require very costly treatment for a prolonged period where a comprehensive health policy with limited sum insured may fall well short in meeting the entire expenses. Taking care of household becomes difficult and many people often end up spending their savings built over many years or have to sell their assets or at worst have to resort to big debt. This is where an accidental policy helps you afford a costly treatment and taking care of household expenses as well. Key Points
Economic TimesKarnataka unveils draft EV policy, targets Rs 50,000 crore investment
Karnataka was the first in India to launch the EV policy in 2017. With approximately 2.5 lakh EVs registered and 700 charging stations, the state stands as the third highest in EV registrations nationally. It is also home to several electric vehicle makers like Ola Electric, Ather, Altigreen, and Bounce. Key Points
Economic TimesInstagram and Facebook will now let users in India know if an image or video ad is deepfake
Days after the Katrina Kaif and Rashmika Mandanna deepfake case took acres of news media real estate, Meta announced a new policy to counter misleading information created by deepfakes. Except, for now at least, the policy targets advertisers for digitally-created or altered posts on political and social issues. Key Points
India Today