MPC FY25 SCHEDULE
Credit growth continues to outpace deposit growth in FY'25 as well
Significantly the growth in deposits as well as credit was lower than the year ago period reflecting a slowdown in economic activity due to the uncertainty on the economic outlook because of the Lok Sabha elections. Year-on-year credit and deposit growth in the same period of 2023-24 was higher at 16.3 percent and 12.9 percent respectively.
Crude prices to average at $83-88 in FY25, may increase govt fiscal burden: CRISIL
Crisil reports average crude oil prices are expected to rise to $83-$88 per barrel in fiscal 2025 from $83 in the previous year. This increase may strain India’s fiscal budget, given its reliance on crude imports. The report also projects India's real GDP growth at 6.8% for FY 2024-25 and anticipates a softened consumer price inflation at 4.5%. Despite challenges, a positive rural economic outlook is forecasted, buoyed by an expected above-normal monsoon.
Reporting foreign income in income tax return: How to report foreign income, equity share in ITR form
Reporting foreign income in ITR: Individuals who have assets and income from overseas sources are mandated to utilize either ITR 2 or ITR 3 forms when filing their tax returns. This is because Schedule FA, which is specifically designed for reporting foreign assets and income, can be found in these forms.
How to file ITR-2 online with salary, capital gains and other incomes for FY 2023-24 (AY 2024-25)?
ITR-2 can be filed using the Excel or Java utilities provided by the income tax department, or online directly through the e-filing portal. This guide outlines the most effective way to file ITR-2 online, including examples of reporting salary, capital gains, and other incomes in the tax return form.
Top 8 markets warehousing supply to grow 13-14% on year in FY25
The industrial and warehouse logistics park supply in India's major markets is set to grow by 13-14% in 2024-25, reaching 424 million sq ft. Absorption rates are expected to rise, supported by e-commerce expansion and government focus on manufacturing. Grade A warehouse stock to increase by 19-20%, with stable credit profiles for operators.
ITR filing FY 2023-24 FAQs: Name of taxpayer in ITR does not match with name in PAN database; here’s what you can do
ITR filing FY 2023-24: The Income Tax Department has recently published a set of commonly asked questions (FAQs) to assist taxpayers with their return filings for the Assessment Year 2024-25. These FAQs cover a range of important topics and are now available on the tax department's official website.
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Budget 2024 preparations begin; when will Finance Minister Nirmala Sitharaman present it?
The preparation for the Union Budget 2024-25 has commenced. Yesterday, Finance Minister Nirmala Sitharaman took charge of the Finance Ministry and held a meeting with senior officials. FM directed the officials to initiate the budget preparation process, emphasizing the need for meticulous planning and comprehensive analysis.
ITR filing forms for FY 2023-24 (AY 2024-25): Which income tax return form applies to you?
ITR forms: The important part of ITR filing process is to identify the correct the income tax return form applicable to their incomes. Filing income tax return using wrong ITR form will make the filed ITR as defective ITR. Read on to know the correct tax return form applicable to your incomes.
RBI MPC meeting: India’s FY25 GDP forecast raised to 7.2% from 7%
The Reserve Bank of India (RBI) raised the FY25 real GDP growth forecast to 7.2% from 7% due to improved rural and urban demand, bolstered by monsoon predictions. The Monetary Policy Committee kept the benchmark rate at 6.25%, noting domestic economic resilience. India's FY24 GDP growth accelerated to 8.2%, driven by a sharp decline in the GDP deflator.
RBI MPC retains repo rate at 6.5 per cent for 8th time in a row; GDP forecast hiked, inflation unchanged
RBI MPC Meet 2024: The Reserve Bank of India, under the guidance of the Monetary Policy Committee (MPC), maintained the repo rate at 6.5 per cent for the eighth consecutive time. The announcement was made by RBI governor Shaktikanta Das following the conclusion of a three-day meeting that began on June 5.
RBI maintains interest rates amid growing calls for easier money policy
The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 20 basis points to 7.2%, leading to a surge in equity indices. Inflation remains a concern due to global commodity price increases and potential food price spikes.
RBI MPC: Governor Shaktikanta Das reveals how cricket and weather guide monetary policy
RBI Governor Shaktikanta Das announced the central bank's decision to keep interest rates unchanged, highlighting that RBI adapts monetary policy to local conditions, using a cricket analogy. The GDP projection for FY25 was raised to 7.2%, with an inflation forecast of 4.5%. The RBI aims to balance inflation and growth, focusing on domestic economic factors.
RBI MPC Meet 2024: RBI leaves inflation projection for FY25 unchanged at 4.5%
RBI MPC Meet 2024 LIVE: The Reserve Bank of India maintained its inflation forecast at 4.5% for this fiscal year amid concerns over rising food prices. The central bank found some relief as crude prices dipped below $80 per barrel. The RBI's Monetary Policy Committee kept the repo rate unchanged at 6.5% for the eighth consecutive time, citing vigilance against potential inflationary pressures. Governor Shaktikanta Das highlighted the uptick in vegetable prices and global food inflation. Despite a slight easing in overall retail inflation to 4.83%, concerns linger over food price hikes, particularly in items like garlic and ginger.
RBI leaves inflation projection for FY25 unchanged at 4.5% as 'elephant' out for a walk
Reserve Bank of India Monetary Policy: The RBI today left inflation estimate for fiscal 2025 unchanged at 4.5% amid rising concerns over soaring crude oil prices and supply chain disruptions due to the Red Sea crisis. Food inflation remains a concern after it climbed to 8.7% in February, driving overall inflation, while Brent and WTI futures have now surged on geopolitical tensions.
'Acche din' to continue for FD investors as high fixed deposit interest rates will not drop soon: All eyes on RBI MPC on June 7
The Reserve Bank of India (RBI) will likely keep the repo rate unchanged in the upcoming monetary policy committee review. The question now is how long will the high-FD rate regime continue. Also, what should be the best strategy for your short-term and long-term fixed deposits? ET Wealth Online spoke to experts and here's all you need to know.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
Alembic Pharma plans to launch 25 drugs in US generics segment this fiscal
The Vadodara-based drug maker, which has been around for over a century, is a late entrant in the US market. It has more than made up for it. It has been on an investment overdrive, spending about ₹700-₹750 crore per annum on R&D to build a complex pipeline of products for the US market.
FIEO pegs FY25 goods exports at $500-510 billion
The apex exporters body also hasn’t ruled out dumping of Chinese goods in the wake of the US imposing high duties on goods such as EVs, batteries and high end technology products.
Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MD
Neetu Kashiramka, MD of VIP Industries, anticipates a margin increase to 18% next year, emphasizing strategies for FY25 and the implications of shifting manufacturing to India. The discussion covers various aspects including market share targets, e-commerce revenue outlook, pricing trends, and ad spends.
ETMarkets Smart Talk: NBFCs could lead next leg of bull run on D-St, explains Shrikant Chauhan
In the upcoming bull run, NBFCs are anticipated to excel with a 15-20% upside potential, driven by potential interest rate changes in FY2024 Q2. Equity markets have shown recovery post dip, supported by positive macro-economic indicators and forecasts. Chauhan says: "Sectors like automobiles & components, banks/diversified financials, gas utilities and pharmaceuticals are expected to report a YoY increase in the net income."
RBI likely to leave rates unchanged in FY25, help maintain India's 'Goldilocks' environment: Morgan Stanley
Economists anticipate the Reserve Bank of India (RBI) to maintain its policy rate at 6.5% for the fiscal year 2024-25 due to factors like higher-than-targeted inflation, global influences such as commodity prices, and a stronger dollar. The RBI's decision will also hinge on domestic factors like growth driven by capital expenditure (capex) and productivity.
MPC FY25 schedule: RBI releases FY25 schedule for Monetary Policy Committee meetings
The Monetary Policy Committee meeting dates released by the Reserve Bank of India are for the financial year of 2024-2025, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.
RBI MPC keeps FY25 GDP forecast unchanged at 7%, flags worries of high global debt spilling over
The Reserve Bank of India's Monetary Policy Committee maintains a positive outlook for FY25, retaining the real GDP growth forecast at 7%. Q1FY25 growth is expected at 7.1%, Q2 at 6.9%, and Q3/Q4 at 7% each. Benchmark lending rates remain steady at 6.5% for the seventh consecutive time. Governor Das highlights favorable growth and inflation dynamics
Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
Crisil Ratings forecasts a positive credit quality outlook for Indian corporates in the first half of fiscal year 2024-25, with upgrades expected to exceed downgrades. Sectors like infrastructure, hospitality, and education are bolstered by government spending, while export-linked sectors face uncertainties due to subdued global demand.
Stocks to watch: 9 growth stocks to bet on ahead of likely low interest cycle
With expectations of a reversal in the interest rate cycle in the future, investors with a long-term view can consider growth stocks. Growth stocks are those expected to witness a significant jump in their revenues and earnings and are trading at higher PE multiples relative to the general market. With a likely reversal of the interest rate cycle, these stocks may offer significant value to investors.
RBI releases FY25 schedule for meetings of Monetary Policy Committee
The meeting schedule for the second half of the next financial year is as follows – October 7-9, December 4-6 and February 5-7, the RBI said. The six-member MPC is the rate-setting panel of the central bank, comprising three RBI officials and three external members. After raising interest rates by a cumulative 250 basis points from May 2022 to February 2023, the MPC has maintained a status quo on monetary policy. END
RBI projects 7% GDP growth in FY25
The real GDP is expected to grow by 7.3% in FY24, as per the first advance estimates by the National Statistical Office. On inflation, RBI projected Consumer Price Index at 5.4% for FY24 and a fall to 4.5% in FY25, assuming a normal monsoon next year.
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