Madan Sabnavis

NEW DELHI: The Centre's fiscal deficit for 2022-23 was in line with the government's revised budget estimate of 6.4% of gross domestic product (GDP), helped by robust revenue receipts and expenditure management.Data released by the …

MUMBAI: RBIhas declared a dividend of Rs 87,416 crore to the government, nearly triple the amount of Rs 30,307 crore paid out in the previous financial year. It is also much higher than the Rs 48,000 crore dividend from banks estimated in…

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Cooling prices of edible oils, fruits help ease food inflation, but vegetables zoom 39.7% and potatoes 49.8% Cooling prices of edible oils, fruits help ease food inflation, but vegetables zoom 39.7% and potatoes 49.8% India’s Wholesale…

The government’s cash balances have nearly halved in about a month to Rs 2.3 lakh crore as it accelerates spending on infrastructure. Higher federal spending, though potentially inflationary, should boost economic growth that fell below…

NEW DELHI: The country’s industrial output growth rose to an eight-month high in April, helped by a low base, pointing to a gradual and continuing recovery but the data still showed some areas of weakness in the sector, which is crucial for…

Mumbai: There have been multiple factors driving down the RBI’s surplus this year. A major cost for RBI was the interest that is paid to banks on money that they parked with it under the liquidity adjustment facility. The central bank has…

MUMBAI: The Reserve Bank of India board on Friday approved a dividend of Rs 30,307 crore to the government for 2021-22, marking a nearly 70% decline in the payout from last year’s Rs 99,122 crore. The lower dividend comes on the back of a…

<!-- -->Economists feel that RBI could come up with more rate hikes in futureAs the Reserve Bank of India (RBI) on Wednesday surprised the markets by hiking repo rate by 40 basis points to 4.40 per cent, economists across the board…

Last fiscal, India created the least number of companies in four years, at 96,657, though the impact of the economy's reopening was evident in the ostensibly modest data set. Sectors benefiting from the end to mobility and operational curbs…