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Economy set for rebound but food inflation needs monitoring, RBI says

MUMBAI, Jan 17 (Reuters) – India’s economic growth is poised to rebound as domestic demand regains strength, but “stickiness” in food inflation warrants careful monitoring, the RBI (Reserve Bank of India) said in its monthly bulletin released on Friday. In India, there is a “conducive quickening” of high-frequency economic activity indicators in the second half of 2024-25, signalling implicit pick up in real gross domestic product growth for this period, the Reserve Bank of India said in an article titled ‘State of the Economy’ in the bulletin. Rural demand continues to gain momentum, reflecting resilience in consumption, supported by brighter

BJP releases Delhi manifesto; promises Rs 2500 for women, pension for elderly, LPG at Rs 500

New Delhi, Jan 17 (PTI) BJP president JP Nadda on Friday released the first part of the party’s manifesto for the Delhi assembly polls, announcing Rs 2,500 monthly aid for women, LPG cylinders at Rs 500 and Rs 2,500 pension for senior citizens. He also assured all existing public welfare schemes in Delhi will continue if the BJP is voted to power. Addressing a press conference while releasing the first part of the ‘Sankalp Patra’, Nadda said the party’s manifesto is the foundation for a developed Delhi. विकसित दिल्ली के लिए भाजपा का संकल्प- महिलाओं का सशक्तिकरण एवं गरीब और

Rupee ends weaker, logs worst week in 18 months on foreign outflows

MUMBAI, Jan 17 (Reuters) – The Indian rupee slipped on Friday and logged its worst week in 18 months, hurt by persistent foreign portfolio outflows and heightened dollar bids in the non-deliverable forwards (NDF) market. The currency declined to an all-time low of 86.6475 earlier in the week but frequent interventions by the Reserve Bank of India (RBI) helped prevent sharper losses, traders said. On the day, the rupee closed lower at 86.61 and was down 0.6% for the week, its steepest weekly fall since July 2023. The domestic unit also logged its eleventh straight week of declines. The rupee

At least 12 Indians killed serving in Russian armed forces, India says

NEW DELHI, Jan 17 (Reuters) – At least 12 Indians have died serving in the Russian armed forces, India’s foreign ministry said on Friday, adding that 18 more are still serving in the army, of whom Russia has categorized 16 as “missing”. India said last year that it had uncovered a major human trafficking network that was luring young men to Russia with the promise of jobs only to force them into fighting in Russia’s war in Ukraine.

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