Articles for tag: Amasses, Balancing, Billion, DAS, Economic, Export, Global, Governor, Growth, Pressures, RBI, Reserves, Rupee, Shaktikanta, Stability, Stabilizes

Market News

RBI Governor Shaktikanta Das stabilizes the rupee, amasses 0 billion in reserves, balancing export growth and economic stability amid global pressures.

RBI Governor Shaktikanta Das stabilizes the rupee, amasses $700 billion in reserves, balancing export growth and economic stability amid global pressures.

Shaktikanta Das, the Governor of the Reserve Bank of India, has skillfully balanced the rupee’s stability while supporting Prime Minister Modi’s export goals. India’s foreign exchange reserves have reached nearly $700 billion, echoing China’s past strategies. This approach has made the rupee less volatile, even as it hit record lows close to 84 per dollar. ...

Market News

Fed’s rate cut may have muted effects in India, as markets adjusted preemptively, with mixed global economic signals ahead.

Fed’s rate cut may have muted effects in India, as markets adjusted preemptively, with mixed global economic signals ahead.

V Anantha Nageswaran, Chief Economic Advisor, recently discussed the effects of the US Federal Reserve’s rate cut on the Indian economy. He noted that the cut, which lowered the federal funds rate range by 50 basis points, might have a limited impact on India as much of it was anticipated. Economic Affairs Secretary Ajay Seth ...

Market News

Is Naveen Patnaik’s Economic Glow a Mirage? Odisha’s Rising GDP Sparks Debate on Real Progress vs. Political Spin!

Former Odisha Chief Minister Naveen Patnaik has expressed his pride in the state’s economic growth from 2000 to 2024, as detailed in a recent report by the Economic Advisory Council to the Prime Minister. Patnaik, who led the state during this time, attributes Odisha’s success to inclusive policies and careful economic management. The report highlights ...

Market News

Economic liberalization transformed India’s GDP landscape; Gujarat, Karnataka, and Tamil Nadu thrived, while Maharashtra’s share dwindled dramatically.

Economic liberalization transformed India’s GDP landscape; Gujarat, Karnataka, and Tamil Nadu thrived, while Maharashtra’s share dwindled dramatically.

A recent working paper by the Economic Advisory Council to the Prime Minister highlights the impact of economic liberalization since the 1990s on various Indian states. Gujarat, Haryana, Karnataka, Tamil Nadu, and Delhi have seen significant increases in their share of the national GDP from 1990-91 to 2023-24. In contrast, Maharashtra’s GDP share declined from ...

Market News

The Fed cuts interest rates amid job market concerns, signaling potential economic shifts ahead of a tight presidential election.

The Fed cuts interest rates amid job market concerns, signaling potential economic shifts ahead of a tight presidential election.

The Federal Reserve recently cut interest rates by half a percentage point, responding to concerns about the job Market‘s health. Chair Jerome Powell announced this decision, indicating growing confidence that inflation is moving toward the 2% target. The Fed expects to gradually lower rates further, aiming for a range of 2.75% to 3.00% by 2026. ...

Market News

In a historic shift, India surpasses China in the MSCI Emerging Markets Index, fueled by robust economic growth and investor confidence.

In a historic shift, India surpasses China in the MSCI Emerging Markets Index, fueled by robust economic growth and investor confidence.

India has made history by surpassing China for the first time in the MSCI Emerging Markets Index, showing a weight of 2.35% compared to China’s 2.24%. This shift comes amid India’s strong economic growth, with its GDP growing at a pace over three times faster than China’s. Analysts from Morgan Stanley expect India to keep ...

Market News

Gold prices fluctuate as markets brace for a pivotal US Fed rate decision, amid swirling economic signals and geopolitical tensions.

Gold prices fluctuate as markets brace for a pivotal US Fed rate decision, amid swirling economic signals and geopolitical tensions.

Gold prices are currently facing a slight decline, with spot gold trading down by about 0.45 percent, reaching $2,570. The October MCX gold contract closed at Rs 73,150, reflecting a 0.49 percent drop. The price dip comes after encouraging economic data from the US, including better-than-expected retail sales and industrial production figures for August. Investors ...

Market News

Political Paradox: Congress Leaders Toast Modi’s Birthday Amidst Economic Challenges—A Festive Facade or Genuine Goodwill?

In New Delhi, Congress President Mallikarjun Kharge sent birthday wishes to Prime Minister Narendra Modi as he turned 74. Kharge tweeted, “Best wishes to Prime Minister, Narendra Modi Ji on his birthday. May he be blessed with good health and long life.” Leaders like Tamil Nadu Chief Minister MK Stalin and Maharashtra Chief Minister Eknath ...

Market News

Caste inequality in India shapes economic prospects, prompting debates on focusing support for lower castes versus broader poverty alleviation.

Caste inequality in India shapes economic prospects, prompting debates on focusing support for lower castes versus broader poverty alleviation.

Inequality in economies often stems from inherited advantages, not just wealth but also social status. In India, caste plays a significant role in shaping economic opportunities, particularly for those from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC), collectively known as lower castes. While affirmative actions aim to uplift these groups, there ...

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