Telangana, Kerala top H1 capex; UP, Maharashtra among backward: report

Telangana and Kerala lead the states’ capital expenditure charts in the first half of 2021-22, while the two biggest spenders, Uttar Pradesh and Maharashtra, are not spending even a fifth of the budgeted amount, making total capital expenditure has decreased. A report shows that the states have a minimum of 28.4 percent in this period. … Read more

Chinese Yuan a Major Focus for RBI’s Currency Intervention

The Indian rupee may be headed for a volatile trade against the US dollar as talk of tapering picks up, but RBI’s focus is likely to be more on the rupee’s movement than the Chinese yuan’s. Central bank intervention policy is likely to be guided more by the yuan movement rather than the US dollar … Read more