by TEXTILE VALUE CHAIN | Jun 18, 2025 | Finance & Economy
The CPI inflation eased further to 2.8% in May, coming in below expectations and marking the lowest reading since February 2019. The decline was largely driven by sustained moderation in food inflation (1.5%) and a favourable base effect from the previous year. This...
by TEXTILE VALUE CHAIN | Jun 16, 2025 | Finance & Economy, Real estate
On June 6, 2025, the Reserve Bank of India’s Monetary Policy Committee (MPC) announced a 50 basis point cut in the repo rate, bringing it down to 5.50%. This move, aimed at supporting economic growth, comes in the backdrop of easing inflation and ongoing global...
by TEXTILE VALUE CHAIN | May 26, 2025 | Business & Policy
In a record-setting move, the Reserve Bank of India (RBI) has announced a dividend transfer of ₹2.7 trillion to the central government, aligning with CareEdge Ratings’ forecast of ₹2.5–3.0 trillion. This surpasses last year’s payout of ₹2.1 trillion and alone...
by TANVI_MUNJAL | Oct 24, 2023 | Finance & Economy, News & Insights
According to a senior official, India settled international trade worth more than $2.5 billion in rupee last year after the Reserve Bank of India (RBI) facilitated the process. The majority of trade settlements in rupee were with countries such as Russia, Sri Lanka,...
by Manali bhanushali | Jun 4, 2021 | Finance & Economy, News & Insights
The Reserve Bank of India (RBI), the country’s central bank, has projected India’s real GDP growth at 9.5 per cent in 2021-22 consisting of 18.5 per cent in Q1; 7.9 per cent in Q2; 7.2 per cent in Q3; and 6.6 per cent in Q4 of 2021-22. The RBI has kept the...
by Manali bhanushali | May 6, 2021 | Finance & Economy, News & Insights
Reserve Bank of India on Wednesday extended relief to individuals and small businesses who have loans up to Rs 25 crore by allowing them to seek a loan restructuring if they are affected by the second wave of the Covid-19. Announcing a series of steps to ensure...
by Manali bhanushali | Mar 31, 2021 | News & Insights
There shall be no hike in yarn price in April 2021. This was decided in a meeting of nationwide regional associations of spinning mills, which was organised by the leading trade body Confederation of Indian Textile Industry (CITI). More than 50 people participated in...
by Manali bhanushali | Feb 24, 2021 | Industry And Cluster, News & Insights
New Delhi, Wednesday, 24 February 2021: The Hon’ble Prime Minister of India, Shri Narendra Modi Ji in the goodwill message to the Indian textile industry and Confederation of Indian Textile Industry (CITI) – Global Textiles Conclave 2021, which was read today by the...
by Manali bhanushali | Feb 24, 2021 | Events Updates, News & Insights
Confederation of Indian Textile Industry (CITI) has organised the Second Edition of mega event “Global Textiles Conclave (GTC-2021)” on Wednesday, 24th & Thursday, 25th February 2021 on Virtual Platform. The theme of the Conclave is “The India Factor: Transforming...
by Manali bhanushali | Feb 3, 2021 | Finance & Economy, News & Insights
Welcoming the first paperless Budget presented by Union finance minister Nirmala Sitharaman in Parliament, the Confederation of Indian Textile Industry (CITI) has said it will lay a strong foundation for future growth of the textiles and clothing industry in India....
by Manali bhanushali | Dec 11, 2020 | News & Insights
India’s retail inflation probably fell in November from October but remained above the Reserve Bank of India’s target, amid high food and petrol prices, a Reuter’s poll of economists showed. Retail inflation has stayed above the central bank’s...
by Manali bhanushali | Dec 10, 2020 | Finance & Economy, News & Insights
The Supreme Court on Tuesday orally said it will not pass any order which will risk the economy going “haywire” after the Centre revealed that a blanket waiver of interest on debts incurred by all classes and categories of borrowers for the moratorium...
