MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Inflation under control, clear signs of revival in factory output – Nirmala Sitharaman

Inflation under control, clear signs of revival in factory output – Nirmala Sitharaman

Nirmala Sitharaman, the Finance Minister of India in a recent interview said that the inflation which was recently introduced on banks and industries is under control and will help to produce larger outputs and also will help the revival of industrial production. She also stated that, this measure will boost the Indian economy.

The government mandated the Reserve Bank of India should keep the retail inflation in the band range of 2 to 6%. According to the recent reports, the latest print-based expansion on Consumer Price Index is 3.21%, which shows a clear improvement in the index price. This shows a clear sign of improvement in the industrial and banking sector.

The minister further said that the measures taken to bring about inflation will increase the credit flow to Non-banking Financial Companies (NBFCs) which also includes the partial credit guarantee scheme. This will increase transparency in both business and the public sector. The other PSUs will also be merged with RBI to ensure the customers will be directly benefited by this scheme.

This move by the Finance Ministry is welcomed all over the nation. This will increase the transparency rate in both banking as well as the industrial sector, while also helping large and small scale industry sectors of India to invest big in both national and international forums, to boost the country’s economy.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED