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 […]
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 […]
India’s IIP growth rebounds in November, Retail inflation eases to 5.72% in Dec January 13, 2023 CPI December The Consumer Price Index (CPI)-based inflation rate eased to 5.72% in December. It was 5.88% in November, and 6.77% in October 2022.Food inflation, which accounts for about 40% of the inflation basket, came in at 4.19% in […]
RBI MPC MEET – Key Takeaways – December 2022 December 7, 2022 The Monetary Policy Committee (MPC) of the Reserve Bank of India increased the policy repo rate by 35 basis points (bps) to 6.25%. The MPC’s majority view was to withdraw accommodative stance, said RBI Governor Shaktikanta Das. Most market experts expected the MPC […]
India’s Credit Ecosystem 24th November, 2022 India is one of the fastest growing economies & one of the elements of this thriving economy is financial inclusion, which comprises giving all people & organizations access to financial services and products that are suited to their requirements and available at reasonable prices. India is working on this […]
Fed rate hike continues – another 75-basis point Market Reaction: Major US market indices rose FOMC Meeting November 3, 2022 In a statement, the Fed official said, “In determining the pace of future increases in the target range, the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary […]
15th November, 2022 Retail & Wholesale Infaltion According to the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on 14th November, 2022, India’s Retail Inflation, which is measured by Consumer Price Index (CPI), eased to 6.77% in the month of October, down from 7.41% in the month of September. Despite falling to […]
India’s WPI Inflation eases to 10.70% in September 14th October, 2022 According to the government data released on 14th October 2022, India’s wholesale price-based inflation eased in Setember to 10.70% as against 12.41% in August 2022, while WPI for July month has been revised to 14.07% from 13.93%. Despite of the easing in WPI data, […]
RBI MPC Meet – Key Takeaways – September 2022 Summary: Beginning its 3 day meeting on September 28, Monetary Policy Committee (MPC) continued its recent trend of tightening rates by global central banks. This rate hike comes amid high levels of inflation and uncertainity associated with commodity prices (global & domestic). Given below is the […]
