Reserve Bank Of India

Less than a year after he demitted office as the 23rd Governor of the Reserve Bank of India (RBI)

Intro.

India factory activity expands at a slightly faster pace in Feb India factory activity expands at a slightly faster pace in Feb India factory activity expands at a slightly faster pace in Feb India factory activity expands at a slightly faster pace in Feb

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 50.7 in February from 50.4 in January. That beat a Reuters poll median of 50.3 and was the highest level since November.

India needs to create bad bank quickly: Finance ministry aide

Chief Economic Adviser Arvind Subramanian, who has proposed setting up a public asset rehabilitation agency to fix the balance sheets of both struggling banks and indebted companies, said the government was in touch with the RBI on the matter.

Preview: RBI seen cutting rates, but it will be a close call

A Reuters poll last week, conducted before the government presented its annual Budget, showed 28 of 46 participants expected the RBI on Wednesday to cut the repo rate by 25 basis points to 6.0 percent, its lowest since November 2010. Another two expected a 50 bps cut.

Budget 2017: What's in store for startup founders & their employees

However the Budget may not be too bad for digital startups. If you are running any online startup, lets see how it impacts you.

Cheap crude a double-edged sword for India's current account

Persistently, low oil prices have affected overseas workers‘ income. About half of India‘s USD 70 billion-odd NRI remittances originate from the Gulf countries, the region worst affected by record-low crude oil prices and subdued global economic activity.