Economy remains resilient amid steady domestic demand: RBI Governor

IANS | August 5, 2026 10:44 AM

New Delhi, Aug 5 (IANS) The Indian economy has remained resilient amid persisting global headwinds, RBI Governor Sanjay Malhotra said on Wednesday, adding that high frequency indicators available so far point towards steady domestic demand in Q1 2026-27.

RBI projects GDP growth at 6.7 pc for FY27 as India remains fastest-growing economy

IANS | August 5, 2026 10:24 AM

New Delhi, Aug 5 (IANS) Terming India as the fastest-growing economy amid persistent global uncertainties, the Reserve Bank of India (RBI) on Wednesday projected real GDP growth at 6.7 per cent for FY27, 10 bps higher than its previous projection of 6.6 per cent in the prevision Monetary Policy Committee (MPC) meeting.

RBI to announce MPC decision today; rates likely to remain unchanged

IANS | August 5, 2026 9:25 AM

Mumbai, Aug 5 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the outcome of the Monetary Policy Committee's (MPC) three-day meeting on Wednesday, with economists and market participants widely expecting the central bank to keep the benchmark repo rate unchanged at 5.25 per cent.

SC issues fresh directions to strengthen fight against digital arrest scams

IANS | August 4, 2026 9:07 PM

New Delhi, Aug 4 (IANS) The Supreme Court on Tuesday issued a fresh set of nationwide directions to strengthen the institutional response against the growing menace of "digital arrest" scams, directing the Reserve Bank of India (RBI) to frame a Standard Operating Procedure (SOP) on mule accounts within four weeks and asking all states and Union Territories (UTs) to operationalise cyber fraud grievance redressal and money restoration mechanisms.

Govt likely to question Meta Executives on CSAM, WhatsApp usernames

IANS | August 4, 2026 6:15 PM

New Delhi, Aug 4 (IANS) The Centre is expected to meet senior executives from Meta on August 5 to seek explanations on a range of concerns, including the handling of child sexual abuse material (CSAM), risks associated with WhatsApp usernames, and the treatment of verified and prominent accounts across its platforms, it was announced on Tuesday.