After kicking off the brand new 12 months at 6-month highs, gold is seeing its $1,900 goal slipping away. Analysts blame a decent U.S. hard work marketplace, which immediately affects the extent of hawkishness the Federal Reserve will embody in 2023. The gold marketplace became simply $29 away from $1,900 […]
Tag: Economy
Eight core sector growth slowed down to 4.3% in March from 6% a month ago
The eight core sectors of India grew by 4.3 percent in March, down from 6 percent in February, the Ministry of Trade said on April 29. According to the latest data, only three of the eight core sectors show faster output growth rates in March compared to six in February. […]
UBS cuts India FY23 GDP of 7% planned growth, the flags risk RBI failure
UBS has reprimanded its GDP growth forecast for India for the current fiscal year of 7.7 to 7.0%, adding that the risks of the Reserve Bank’s Monetary Policy (RBI) Commission (RBI) ) do not meet its inflation mandate. The reduced forecast is one of the lowest expected economists. Earlier this […]
ICICI Bank independent director quitting to avoid potential conflict of interest
Icici Bank yesterday based on stock exchange information that Rama Bijapurkar will drop as an independent director starting tomorrow for the potential conflict of interest. Bijapurkar in his resignation letter revealed that he was engaged to educational institutions where he taught market and business strategies and was associated with a […]
Covid: RBI extends relaxation on periodic updation of KYC till March
Reserve Bank of India (RBI) on December 30 extend relaxation given to the bank in a bank account where periodic updates from your customer’s norm (KYC) are due. Relaxation has been extended until March, 31, 2022 considering the covid situation. RBI has now asked the bank not to impose restrictions […]