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Economy - News & Views

We are regularly publishing a Review of the Economy in our monthly statistical Bulletin E-UpDates. Email us at ecofin.surge@gmail.com to get your copy now.


     

Government's Rs . 2.11 trillion bank recapitalisation— Sufficient to cover stressed assets but no quick fix

The government, the largest shareholder will recapitalise the banks it owns by infusing an unprecedented amount of Rs. 2.11 trillion (US$32 billion), of which Rs. 1.35 trillion will be through recapitalisation bonds. Infusion of capital would help to fast-track the resolution of non-performing assets (NPAs) and take Indian PSBs closer to global capital adequacy norms. The move is expected help economic recovery with the revival of flow of credit to business and industry, and particularly foster medium and small industries growth and employment generation. Read More

Highlights of RBI's Fourth Bi-Monthly Monetary Policy Statement, 2017-18:
Policy Measures
  • The Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.00%.

  • Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate are at 6.25%.

  • The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth.  Read More


O
ur November-2017 issue of E-UpDates has already been published

EUpDates - A Monthly Statistical e-Bulletin
Indian & Global Economic and Financial Market Indicators
Over 30 Monthly & Daily Data Series in Tables and Charts. Rs. 3600 per year






Economy - Indicators
  
Indian Economy
GDP
5.7% - Q1, 2017-18
6.1% - Q4, 2016-17
7.1% - Q3, 2016-17
7.3% - Q2, 2016-17
7.1% - Q1, 2016-17
7.6% - 2015-16
7.3% - 2014-15

IIP


Revised All-India IIP
September-2017 : 3.8%
August-2017 : 4.3%
July-2017 : 1.88%
Annual Growth 2016-17: 5.0%
  #:Base 2011-12=100
WPI Inflation(%)
(All Commodity)
October-2017 : 3.59%
September-2017 : 2.60%
August-2017 : 3.24%

CPI Inflation(%)
New Series
3.28% (All India); 3.15% (Rural Areas); 3.44% (Urban Areas)
Provisional
         (September, 2017)
Interest RatesCRR: 4.00% p.a (wef  9 February, 2013)
MSF Rate: 6.50% p.a.

Reverse Repo Rate: 5.75% (wef  2
August, 2017
)

Repo Rate: 6.00%
(wef  2 August, 2017)
CMR/CBLO
: 6.05/6.18 (August 03, 2017)
Exchange Rate65.28 (Dollar), 76.76 (Euro),
85.82 (Pound) , 57.73 (Yen)
[Nov 13,  2017 to Nov 17, 2017, weekly average]
Updated on 20 November, 2017
See Terminology section for explanations and notes.


 Global Indicators on  02 November, 2017


Global Economy

US
UK
Euro
Japan
China
GDP
2.2
Q2, 2017
1.5
Q3, 2017
2.3
Q2, 2017
1.2
Q2, 2017
6.6
Q3, 2017
CPI
2.2
Sep, 2017
3.0
Sep,2017
1.5
Sep,2017
0.6
Aug, 2017
1.6
Sep, 2017
IIP
1.6
Sep, 2017
1.6
Aug,2017
3.8
Aug,2017
5.3
Aug, 2017
6.6
Sep, 2017
Emp
4.2
Sep,2017
4.3
Jul, 2016
9.1
Aug, 2017
2.8
Aug, 2017
4.0
Q2, 2017
Emp : Unemployment Rate
Updated on 02 November, 2017






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