×
E-PAPER ▾

E-paper

BUSINESS & FINANCE

RBI's monetary policy confirms economic activity upswing: Finance Minister

| | New Delhi
RBI's monetary policy confirms economic activity upswing: Finance Minister
Finance Minister Piyush Goyal on Wednesday welcomed the monetary policy announcement by the RBI, saying it confirmed that economic activity was on the upswing in the country.
 
"Coming on the back of robust GDP growth, lower consumer inflation, strong GST collections and positive investor sentiment, I welcome RBI's monetary policy which confirms that economic activity is on the upswing and expects a boost to investments from swift resolution of NPAs (non-performing assets)," Goyal said in a tweet.
 
The Reserve Bank of India (RBI), in its bi-monthly policy review, raised its key interest rate, for the first time since January 2015, by 25 basis points, responding to concerns on inflation from surging global crude oil prices.
 
The apex bank, however, maintained its 'neutral' stance on future rate hike trajectory allowing it to move either way on rates.
 
 
 
 
 

TOP STORIES

Sunday Edition

View All

‚ÄėAssault‚Äô on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

Read More

STATE EDITIONS

View All

UTC to use 180 buses to ferry Yoga participants

21 Jun 2018 | PNS | Dehradun

Uttarakhand Transport Corporation (UTC) would use 180 buses of its fleet on Dehradun and Haridwar routes to ferry the Yoga participants from Haridwar and also to take them back after the International Yoga Day show at Forest Research Institute (FRI) in Dehradun is over. Divisional manager (Operational) UTC Dehradun, Pawan Mehra while talking to The pioneer said on Wednesday that around 280 busses operate from Dehradun depot...

Read More

Page generated in 0.2257 seconds.