e-Money in India’s payment systems grew to 21.5 per cent in 2017 from 0.8 per cent in 2012, according to a new report prepared by the Reserve Bank of India (RBI).
Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”
Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer
India’s foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $420 billion from $418.687 billion reported for the week ended May 3.
Peugeot maker PSA Group has weathered the weaknesses in the automobile sector and able to register remarkable results. Besides, its merger partner Fiat Chrysler
Turkey’s economy grew 5 per cent in the fourth quarter and expanded 0.6 per cent in the year as a whole, just above the government forecast, a Reuters poll showed
Saudi Ports Authority (Mawani), the specialised entity responsible for constructing and managing ports in the Kingdom to the highest levels of efficiency and ensuring