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The credit lending of banks in the agriculture sector in the state is significantly below the goal fixed by Reserve Bank of India (RBI). The total lending of banks as on December 31, 2023 was around Rs 1.2 lakh crore while the agriculture loans were approximately Rs 18,897 crore. Find out more about the issue and the recommendations made by State Level Bankers Committee (SLBC).
India's consumer price inflation is expected to have continued its deceleration, likely reaching a four-month low of 4.80% in October. This aligns with the Reserve Bank of India's medium-term target of 4%. The anticipated slowdown is primarily attributed to the stabilization of volatile food prices, which constitute approximately half of the consumer price index (CPI) basket. After witnessing a surge in July and August, these prices have likely moderated in October, contributing to the easing of inflationary pressures.
The Reserve Bank of India (RBI) has decided to maintain its current interest rates, with the repo rate remaining at 6.5%. The decision comes as the ec
Inflation in India is expected to have eased in August due to lower vegetable prices, but it is likely to remain above the Reserve Bank of India's target range for the second consecutive month. Erratic monsoon rains have damaged crops, leading the government to subsidize vegetable prices and ban cereal exports. While this has helped bring down food inflation, rising energy prices may limit the decline. Economists predict that the consumer price index rose 7.00% in August compared to a year ago, with inflation expected to remain above the target range until October.
New Delhi: Retail inflation declined to an 18-month low of 4.7 per cent in April mainly due to falling prices of vegetables, oils and fats, and came closer...