NEW DELHI: The Reserve Bank of India (RBI) is likely to announce a third consecutive 25 basis points (bps) rate cut on June 6, amid easing inflation and global economic uncertainty driven by US tariff actions. With consumer price inflation remaining below the 4 per cent median target, experts believe the move would support growth during a period of external …
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China’s manufacturing activity shrank in May for the second month running, official data showed Saturday, despite Beijing reaching a temporary ceasefire in a blistering trade war with the United States.Beijing and Washington agreed this month to pause staggeringly high tariffs, although US President Donald Trump on Friday accused China of breaching the de-escalation deal.While the two sides reached a temporary …
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AI-generated image (Credit: Bing image creator) American consumer confidence in the economy has dropped to its lowest level since the onset of the Covid-19 pandemic. The Conference Board reported a sharp 7.9-point decline in April, bringing the index down to 86, marking the lowest reading since May 2020. The decline is being largely attributed to growing concern over tariffs imposed …
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NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index (CPI), rose an annual 4.3% …
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Finance secretary Tuhin Kanta Pandey said the 2025-26 Budget has tried to push growth in a non-inflationary manner and has kept the promise of fiscal consolidation. In an interview to TOI,Pandey, who is also in charge of the revenue department, said the Budget has enabled all levers of growth to accelerate. Excepts:Do you think the Budget has done enough to …
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The Budget proposals met with muted response from investors on Dalal Street during Saturday’s special trading session, although there were stock and sector specific movements. After some volatility during the FM’s Budget speech, the sensex and Nifty both treaded a steady path and closed barely changed. Sensex was up just five points at 77,506 points, while Nifty was down 150 …
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