“The frequent incidences of recurring food price shocks pose a risk to anchoring of inflation expectations, which has been underway since September 2022. We will remain watchful of this…,” Das said while delivering a lecture at Delhi School of Economics.
Brent futures declined by 30 cents, or 0.35%, to $85.52 a barrel at 0405 GMT, while U.S. West Texas Intermediate crude slipped 42 cents, or 0.50%, to $83.07 a barrel.
The RBI’s RTI reply to The Indian Express says that loan write-offs by banks rose to Rs 209,144 crore during the fiscal ended March 2023 as against Rs 174,966 crore a year ago in March 2022 and Rs 202,781 crore in March 2021.
Official data showed that goods exports jumped nearly 1 per cent to $38.45 billion in December from $38.05 billion compared to last year.
On the external front, there is sluggish export demand, which is expected to improve going ahead. “Sluggish global demand is affecting India’s trade, but this is projected to recover from H2FY24.
The Wipro scrip is currently valued at Rs 472.9 per share, and at roughly this value, the transferred shares will amount to a whopping Rs 483 crore. Tech magnate Azim Premji’s son Rishad Premji currently helms Wipro as its Executive Chairman, and is a prominent face of the IT industry.
The total credit card outstanding at the end of March 2023 was Rs 1.94 lakh crore as against Rs 1.48 lakh crore at the end of March 2022, the RBI’s monthly sectoral bank credit data showed. Total number of credit cards increased to 8.53 crore in FY2023 from 7.52 crore in FY2022.
Under the proposed system, IT hardware companies will be required to register and disclose data related to their imports, and countries from which they import, among other things.
Fly Bharathi Aviations and Aeronautics Pvt Ltd also claimed that it has acquired a majority stake in an existing airline, and was in talks to buy a majority stakes in one more Indian airline and two international airlines.
Jyotiraditya Scindia said in the first and the second phase that will begin together, one runway, one terminal and a passenger capacity of two crore will be created.