RBI will ensure soft landing of economy: Governor Das

Mumbai, Jul 22 (PTI) Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure that the economy has a soft landing wherein inflation is closer to 4 percent, with minimal impact on growth. Das said retail inflation appears to have peaked and the Monetary Policy Committee (MPC) in its upcoming… Continue reading RBI will ensure soft landing of economy: Governor Das

Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Pvt retailers to govt

New Delhi, June 19 (PTI): Selling diesel at Rs 20-25 a liter below cost and petrol at Rs 14-18 per liter below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has… Continue reading Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Pvt retailers to govt

Fuel sales growth moderates in April on high prices

New Delhi, May 1 (PTI): India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record-high prices dented demand, preliminary industry data showed on Sunday. Petrol sales growth moderated to 2.1 percent in April when compared with the same period in the preceding month, while diesel demand was almost… Continue reading Fuel sales growth moderates in April on high prices

India expects fuel demand to grow 5.5% in the next fiscal year

New Delhi, February 22 (Reuters): India’s fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial activity and mobility in Asia’s third largest economy after months of stagnation. India’s fuel consumption in 2022-23, a proxy for oil demand, could rise to… Continue reading India expects fuel demand to grow 5.5% in the next fiscal year

India fuel price freeze eases inflation pressure, boosts Modi election hopes -observers

New Delhi, January 19 (Reuters): A fuel price freeze by India’s oil companies as the global crude market surges could dampen inflationary pressures enough to delay an interest rate hike, and might generate significant electoral gains for Prime Minster Narendra Modi, observers said. Indian fuel retailers revised prices daily through much of last year but,… Continue reading India fuel price freeze eases inflation pressure, boosts Modi election hopes -observers

RBI Board discusses private cryptocurrencies, CBDC

Mumbai, December 17 (PTI): The Central Board of Reserve Bank on Friday discussed various aspects related to Central Bank Digital Currency and private cryptocurrencies. The government has proposed to bring in legislation on cryptocurrencies. It has listed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, for consideration in the ongoing Winter Session of Parliament.… Continue reading RBI Board discusses private cryptocurrencies, CBDC

India cbank chief says fuel excise duty cut is inflation positive

Mumbai, November 10 (Reuters): The Indian government’s move to reduce taxes on petrol and diesel earlier this month will be significantly positive for inflation, Reserve Bank of India governor Shaktikanta Das said on Wednesday adding that growth impulses have become stronger. The central bank had earlier flagged the risk of higher taxes on fuel to… Continue reading India cbank chief says fuel excise duty cut is inflation positive

Will fight tooth and nail if Sidhu is made CM, says Captain Amarinder

Chandigarh (Punjab) [India], September 22 (ANI): Ahead of Assembly polls, former Punjab Chief Minister Captain Amarinder Singh on Wednesday said that if Punjab Congress chief Navjot Singh Sidhu is elevated to the post of Chief Minister, he would fight tooth and nail. “I will fight the elevation of Sidhu to Punjab chief ministership tooth and… Continue reading Will fight tooth and nail if Sidhu is made CM, says Captain Amarinder

Naga interlocutor R N Ravi resigns from key post

New Delhi [India], September 22 (ANI): The Ministry of Home Affairs (MHA) has accepted the resignation of the Government of India’s Representative and Interlocutor for Naga Peace Talks and Nagaland Governor R N Ravi, who was handling the Naga peace process for the last couple of years. “R.N. Ravi’s resignation as interlocutor for the Naga… Continue reading Naga interlocutor R N Ravi resigns from key post

Charanjit Singh Channi to be next Punjab CM, to take oath on Sep 20

Chandigarh, September 19 (PTI): The Congress picked Charanjit Singh Channi as the next chief minister of Punjab on Sunday, a day after Amarinder Singh resigned following a bitter power tussle in the party. Channi will be the first Dalit to hold the chief minister’s post in the state. He will take oath at 11 am… Continue reading Charanjit Singh Channi to be next Punjab CM, to take oath on Sep 20