Gold traded lacklustre while silver was up with mild gains in early trade the domestic futures trade on Citizenship Day in light of weak global cues. In the previous session, gold and silver prices fell after upbeat US economic data and strength within the dollar index. The dollar traded near three-week highs, denting the appeal of gold as a safe-haven asset […]
RBI Dy Governor Patra’s speech has key clues on monetary policy
RBI Deputy Governor Michael Patra made a spirited defence of the central bank’s conduct of monetary policy during the pandemic in his speech at the Financial Markets Summit of the Confederation of Indian Industry on Thursday. much more significant is that the incontrovertible fact that his speech contained important clues about the longer term direction of monetary policy. Listed below are a number […]
How the new PLI scheme is likely to boost the EV industry
The Union Cabinet approved a PLI scheme (Production-Linked Incentive) which promotes advanced technologies, chief of which is battery electric technology. The scheme, which has been within the works for a few time, offers an incentive of Rs 26,058 crore, which can be provided over a period of 5 years. Lauded for its timely introduction and therefore the benefits it’ll bring back the EV space, many industry heads have come […]