The chorus at India’s interest rate-setting panel appears to have grown louder with two outgoing external members — Ashima Goyal and J R Varma — underscoring the risks a ‘higher-for-longer’ approach poses for broader economic growth, the latest minutes of the meeting of the Monetary Policy Committee (MPC) review showed. “Excess monetary tightening can trigger … Read more
India’s top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and suggest policy changes if required, two sources familiar with the matter said. Options trading in India has soared in the last five years, fuelled mainly by retail investors. The notional value of index options traded … Read more
Around 70 types and sizes of tyres, manufactured by more than one company, will come under the mandatory quality control norms from March next year. The Department for Promotion of Industry and Internal Trade (DPIIT) will soon notify these tyres, based on the recommendation of an inter-ministerial committee, officials said. The department will notify an … Read more
