The outcome of the next monetary policy review is due on October 6, 2023. The markets are expecting interest rates to stay intact. The monetary policy committee meeting will be held between October 4-6, 2023.
According to the recent release of data from the Ministry of Statistics and Programme Implementation (MOSPI), the economy grew at 7.8 percent during Q1 of FY24, a notch lower than the RBI estimate of 8.
The much-awaited Digital Personal Data Protection Act (DPDPA) – 2023 comes into force on August 11, 2023, meant to safeguard the rights and duties related to the management of massive digital personal data accumulating in.
The recent funding tranche of Rs. 1.39 trillion to scale up Bharat Net, the government’s project for last-mile digital connectivity with broadband across 6.4 lakh villages, among others will be the strategic pathway to take.
In the given stable macroeconomic setting, the repo rates are likely to stay intact with RBI expected to pause its interest rate hike on August 10, 2023, for a third time in succession. A look.