Economy News ( English version)

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  • El Niño is set to further disrupt India's $300 billion farm supply chain June 25, 2026
    India's crucial monsoon rains are delayed, disrupting the nation's $300 billion farm economy just as planting season begins. This agricultural setback, exacerbated by a developing El Niño, threatens staple crops like rice, cotton, and soybeans, impacting prices and potentially fueling inflation. While India's food system shows resilience, wors […]
  • RBI says no to special exposure relaxations for state NBFCs June 24, 2026
    The Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasizing a principles-based regulatory approach. The central bank also denied calls to raise single counterparty limits for public sector enterprises. While allowing grandfathering of residual breaches and specific conditions […]
  • RBI tightens rules on recovery of excess pension payments June 24, 2026
    Government pensioners will now have stronger protection against unexpected deductions from their accounts. The Reserve Bank of India has mandated that banks must inform pensioners and obtain their consent before recovering any excess pension payments. This new directive ensures that individuals are aware and agree to any adjustments, preventing abrupt debits […]
  • RBI in wait-and-watch mode, no certainty on rate hike: Governor Sanjay Malhotra June 24, 2026
    Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is wel […]
  • S&P cuts India's FY27 growth forecast to 6.6%, sees inflation at 5.1% June 24, 2026
    India's economic growth is projected to slow to 6.6% in 2026-27 due to energy pressures, a weaker monsoon, and global slowdown, S&P Global Ratings reported. Retail inflation is expected to climb to 5.1% this fiscal year. Despite near-term challenges, GDP growth is anticipated to rebound to 7.2% in 2027-28, with oil prices expected to stabilize.

 

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