Category: Banking

RBI-In-2020

Banking / Business

Foreign Analysts Fear Revision Of Rates By RBI In 2020

Analyst said on Monday that RBI could hike rates this year because of possible inflationary impact the economy would have while trying to meet the fiscal deficit target of 3.5% for FY2020-21.

The analysts pointed towards the finance minister Nirmala Sitharaman discussing disinvestment where the government under-performed to achieve the 3.8% fiscal deficit target in FY2019-20.

Analysis of growth

The government wants to push the growth but with the help of a clause that allows the government to stretch its commitments under the Fiscal Responsibility and Budget Management Act by 0.5%. But it would show … Read the rest

Nationwide-Bandh-On-January-8

Banking / National

25 Crore Workers From 10 Central Trade Unions Call For 24-Hour Nationwide Bandh On January 8

The Centre of Indian Trade Unions (CITU) has called for Bharat Bandh against the disinvestment, privatisation and labour reform policies of the central government. According to CITU, ten central trade unions were supporting its cause.

CITU calls for a nationwide strike

CITU said that it had been over four years since the last Indian Labour conference took place in August 2015. In the last conference, the government created a Group of Ministers to consider the 12 point-charter of demands of the labour unions. But nothing happened after that meeting. It further said that the government … Read the rest