After casting the first vote in favour of a rate cut since May 2020 this month, Jayanth Varma, external member of the Monetary Policy Committee, says he will vote for a rate cut in April as well, unless something unexpected happens in between to change his mind.
CCIL is in the process of developing an interface between gilt trading platform and international trading platforms to give foreign investors an easier access to the domestic debt market, sources said.
A strong quarter and better realisation will lift Indian basmati rice exports in Jan-Mar. "The country is likely to export 1.3-1.4 mln tn basmati rice in March quarter," says Prem Garg from Indian Rice Exporters' Federation.
The government must guarantee minimum support prices for all crops and ensure prices do not fall below a certain level even without the Centre having to procure those commodities, says V.M. Singh, a former member of the Legislative Assembly and national convener for the Rashtriya Kisan Mazdoor Sangathan.
India's GDP growth is likely to have slowed down to a three-quarter low of 6.6% in the quarter ended December from 7.6% in Jul-Sep, mainly as the statistical effect of a low base normalises, according to an Informist poll of 20 economists. India's GDP grew 4.5% in Oct-Dec of 2022.