Ram Singh, an external member of the central bank’s Monetary Policy Committee, believes an immediate rate cut poses an overdose risk. He states that existing monetary and fiscal measures are still impacting the economy. Singh emphasizes tracking both nominal and real GDP growth. He also notes that low inflation negatively affects businesses and public finances.
J Infratech files IPO papers; eyes Rs 600 cr via fresh issue
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an