monetary policy
| March 31, 2024, 9:33 a.m.
Bank of India Raises Lending Rate, Loans to Become Costlier
Bank of India has decided to raise its lending rates by 10 basis points, making loans, including retail ones, more expensive for borrowers. The adjustment in lending rates precedes the upcoming monetary policy announcement by the Reserve Bank of India. Effective from April 1, the new rate hike will increase the repo-based lending rate to 9.35 per cent. Additionally, Indian Bank has also raised its lending rates by 5 basis points, with the new rates set to be effective from April 3.
Read More.| March 17, 2024, 7:07 a.m.
Market Watch: US Fed Interest Rate Decision Steers Global Sentiments
Analysts predict that the stock markets will closely monitor the US Federal Reserve's interest rate decision, alongside global market trends and foreign investor activities. Last week's turbulence, marked by declines in small and midcap firms and foreign fund outflows, underscores the prevailing volatility. With multiple global central banks, including the US Federal Reserve and the Bank of Japan, slated to announce their monetary policy decisions, investors anticipate a rollercoaster week ahead. Additionally, attention will be on the Lok Sabha polls in India, adding to the market's uncertainty.
Read More.| March 12, 2024, 6:55 a.m.
Asian Stocks Steady Ahead of U.S. Inflation Data; BOJ Policy Speculation Rises
Asian stocks remained relatively stable on Tuesday as investors awaited the influential U.S. inflation report. Japanese shares experienced a decline while the yen strengthened amid growing expectations that the Bank of Japan (BOJ) might consider scaling back its ultra-easy monetary policy. Gold prices hovered just below their record peak, and the dollar remained steady as traders awaited the U.S. consumer price index report to gauge the Federal Reserve's potential actions.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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