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Inflation Cools in May, IIP Dips in Apr

Indias retail inflation eased further to a 12-month low of 4.75% in May but food inflation remained elevated and almost unchanged at 8.69%, data released on Wednesday showed.

RBI fires on double engines in poll year

The Reserve Bank of India's income rose 15% last fiscal due to higher interest income from bond holdings and a sharp drop in provisions transferred to the Contingency Fund, enabling a record dividend payment to the central government.

RBI Fires on Double Engines in Poll Year

Sharp drop in provisions helped RBI transfer bumper dividend to RBI

GDP Q4: Will India get a blockbuster growth release this Friday? But that's too late for heroic narration in poll campaign

GDP Q4: As the country buzzes with election excitement, India is set to release its GDP growth numbers for the fourth quarter of FY24 this Friday, alongside the full fiscal year figures. Analysts are eagerly awaiting to see if the January to March quarter numbers surpass expectations, fueling hopes of a surprising uptick in growth.

Govt's cash balance surges, banks starve

₹2.1 Lakh Cr: RBI's Record Dividend Swells Govt Coffers

Rs 2.1 lakh crore: RBI's record dividend swells govt coffers

The benchmark bond yield retreated below 7% on expectations that New Delhi would now need to borrow less this fiscal year. “The higher dividend is welcome, of course,” finance secretary TV Somanathan told ET. “It exceeds our estimate by 0.2-0.3% of GDP.” In the interim budget, North Block had factored in receipts of Rs 1.05 lakh crore under dividends and profits.

GDP growth: GDP likely expanded 6.8% in Q4; FY24 print may hit 7.8%

The strong March quarter print could lift overall gross domestic product (GDP) growth for the full fiscal year to 7.8% against 7.6% assessed in the government's first advance estimates released in February. The International Monetary Fund (IMF) has also forecast 7.8% growth for FY24. The government will release fourth-quarter growth numbers and provisional GDP data for FY24 on May 31.

India's transaction trends: ePayment riches leave circulation of currency poorer