With a double-digit rise in coal and electricity production offsetting contractions in three sectors, including cement and fertilisers. File | Photo Credit: The Hindu Output growth in India’s eight core infrastructure sectors eased to 6.3% in May, from April’s 6.7% pace, with a double-digit rise in coal and electricity production offsetting contractions in three sectors,…
The RBI said Special Drawing Facility (SDF) availed by State Governments/ UTs will continue to be linked to the quantum of their investments in marketable securities, issued by the Government, including Auction Treasury Bills (ATBs). | Photo Credit: Reuters The Reserve Bank of India (RBI) on Friday increased the Ways and Means Advances (WMA) limits of State…
The Reserve Bank of India. File | Photo Credit: REUTERS The Reserve Bank of India (RBI) on July 1 announced the appointment of Arnab Kumar Chowdhury and Charulatha S. Kar as executive directors. Mr. Chowdhury and Ms. Kar will look after three departments each. Ms. Kar has been appointed as Executive Director (ED) with effect…
The gross GST collections in June stood at around ₹1.74 lakh crore. Image for representation purposes only. File | Photo Credit: Getty Images/iStockphoto The gross Goods and Services Tax (GST) collections in June stood at around ₹1.74 lakh crore, as per sources, reflecting a rise of around 7.7% from the ₹1,61,497 crore collected in June…
Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI RBI Governor Shaktikanta Das on Friday emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. Delivering the inaugural address at the 18th Statistics Day Conference organised by the…
The RBI had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023. File | Photo Credit: Reuters The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore…
Sixteenth Finance Commission chairperson Arvind Panagariya on Sunday mooted a mechanism that brings together data generated by various Finance Commissions in one place. Noting that a lot of statistics are compiled each time by the Constitutional body appointed every five years, which could come in handy for future Commissions’ work. “Apparently, Finance Commissions are appointed…
