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Inflation, monetary policy to moderate global economic activity: Finance Ministry report

25 Apr 2023

The Ministry of Finance's Monthly Economic Review report states that the growth process has been weakened due to heightened inflation and the tightening of monetary policy, and it is anticipated that these factors will continue to impede economic activity for a minimum of three years since the onset of the...

Sitharaman reviews PSBs amid increased volatility in US finance industry

25 Mar 2023

Union Finance Minister Nirmala Sitharaman presided over a meeting on Saturday to assess the performance of government-owned banks. The banking sector's financial, efficiency, and health metrics were examined. This review meeting took place against the backdrop of increased volatility in the US financial industry as a result of the recent...