Economic Update May 2022

Economic Update May 2022

Economic Update: RBI took an unscheduled monetary policy decision on 4th May to increase interest rates for the first time in last three years; Repo rate is increased by 40 bps to 4.40% and CRR is increased by 50 bps to 4.50%. Urgency in increasing the rates in an...

Economic Update August 2021

Eight core Industries rose 1.1% in June 2021 with ease of localised mobility restrictions as per data released by the industry department. Year-on-year the core sector growth was 8.9% in June 2021. India’s gross GST revenue increased to Rs.1,16,393 crore in July...