RBI hikes interest rate by 50 basis points to tame inflation
NEW DELHI: Reserve Bank of India (RBI) on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9% as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 bps increase effected by RBI at […]
CCEA approves Minimum Support Prices for Kharif Crops for Marketing Season 2022-23
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2022-23. Government has increased the MSP of Kharif Crops for Marketing Season 2022-23, to ensure remunerative prices to the growers […]
India, Vietnam ink MoU on logistics support as Rajnath Singh hold talks
NEW DELHI: India and Vietnam on Tuesday signed an MoU on mutual logistics support, the first such major agreement Hanoi has inked with any country towards simplifying procedures for mutually-beneficial logistic support as Defence Minister Rajnath Singh held wide-ranging discussions with General Phan Van Giang on “effective and practical initiatives” to further bolster defence engagements. […]
Up to government to decide on supply-side measures to contain inflation: RBI Governor
NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said the government is “mindful” of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation. “I am sure the government is mindful of the current inflation situation and it is […]
India approves procurement of military equipment, platforms worth Rs 76,390
NEW DELHI: In a significant move to boost self-reliance in defence manufacturing, the government of India on Monday approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries to enhance India’s overall combat capabilities. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the procurement of next-generation […]