Indian economy resilient in an uncertain global environment: RBI https://ift.tt/qK13BfT data from the far side of the Atlantic and in India suggest a grudging let-up in inflationary pressures. Inflation has somewhat eased across BRICS economies and in several other emerging market economies as well, benefiting from lower commodity prices, especially food.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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