Categories2023(July) BlogFOMC MeetingJune 15, 2023 Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) decided unanimously to keep the Fed funds rate or the benchmark US interest rate at which the Fed lends money to commercial banks unchanged at 5-5.25%, a first pause in 15 months of back-to-back increases. This decision was in line […]
July13, 2023CPI JuneAfter declining to a 25-month low in May, India’s retail inflation increased in June. Prices for food had a major role in the recent spike, which is anticipated to continue in the next month. According to information issued on Wednesday by the Ministry of Statistics and Programme Implementation, the Consumer Price Index-based inflation […]
RBI pauses for a second time in a row; the repo rate remains at 6.5%. RBI pauses for a second time in a row; the reporate remains at 6.5%.9th June, 2023SummaryThe Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) in its second bi-monthly monetary policy meeting of FY24 decided to leave the repo rate […]
Retail Inflation at 18-month low, IIP growth declines, WPI Inflation dips to 34-month low 15th May, 2023Retail inflation India’s retail inflation based on the consumer price index decreased to 4.7% in April from 5.66% in the previous month. This is the lowest inflation rate in 18 months and falls within the Reserve Bank of India‘s […]
Another Big Fed Rate hike to battle Higher Inflation July FOMC Meeting Summary In its continuing bid to cool down raging Inflation in the United States,( the inflation rate is at a four-decade high) the Federal Reserve (US’ central bank) decided to raise the Federal Funds Rate target by another 75 basis points on Wednesday. Since March, the Fed has […]
Steering India’s Steel Sector Globally The Indian steel sector is modern and has always strived for continuous modernization of older plants and up-gradation to higher energy efficiency levels. As of October 2021, India was the world’s second-largest producer of crude steel, with an output of 9.8 MT. Being a major stakeholder in the global steel […]
Green Hydrogen – Fuel of The Future Apr 3, 2023 | Blog Introduction You might have come across the terms ‘grey’, ‘blue’, ‘green’ being associated when describing hydrogen technologies. It all comes down to the way it is produced. Hydrogen emits only water when burned but creating it can be carbon intensive. Depending on production […]
Aatmanirbhar India About Aatmanirbhar India The Atmanirbhar Bharat Abhiyaan, or Self-reliant India campaign, is a movement which was launched by the Prime Minister of India, Mr. Narendra Modi, in May 2020. Aatmanirbhar Bharat Abhiyaan aims to make the citizens of India self-reliant in all aspects. The Prime Minister of India outlined five major pillars of […]
Fed delivers a smaller hike, indicating improved inflation outlook FOMC Meeting February, 2023 On February 1, US Federal Reserve hiked its interest rate by 25bps taking the range to 4.50% – 4.75%. This 25bps hike represents yet another deceleration in the Federal Reserve’s monetary policy tightening campaign. The Central bank had already raised 50 bps […]
RBI raises repo rate by 25 basis points to 6.5% February 8th, 2023 Summary As highly anticipated, The Reserve Bank of India announced repo rate increase by 25 basis points to 6.5 %. MPC decision was passed by a majority of 4 members out of 6 members. This was the first Monetary Policy Statement of […]
