The fact-checking unit of the Press Information Bureau (PIB) has called the assertion as "fake" and added that it is unsupported by official data.
The Central Board of Reserve Bank of India (RBI) approved a record surplus transfer of Rs 2.87 trillion to the Central government for 2025-26.
Sanjay Malhotra said the rising energy prices due to the ongoing Iran war were testing India's flexible inflation targeting. This necessitates potential policy intervention by the central bank.
The central bank announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023.
When regulators move early, markets often complain. That familiar tension is now visible in India’s banking sector as the Reserve Bank of India pushes lenders toward a more rigorous, forward-looking assessment of loan risk.
India has lost a towering figure in the Indian economic landscape, former Prime Minister of India, Dr Manmohan Singh.
The global economy remained resilient in the first half of 2024, with declining inflation supporting household spending, it said in its October Bulletin.
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting on Friday announced the policy rate unchanged at 6.5 per cent.
“The path-breaking structural reforms, such as the enactment of the Insolvency and Bankruptcy Code (IBC) and the adoption of Flexible Inflation Targeting in the recent years, have helped us to deal with the challenges in the banking system and the task of maintaining price stability more effectively,” he said.
In the throes of economic dynamism, India finds itself at the intersection of contrasting forces, with its annual retail inflation surging to a four-month high in December.
