Nomura has cut its 2023 forecast for economic growth in India to 4.7% from its earlier projection of 5.4% amid recession fears and rising interest rates. Reason: Higher inflation, monetary policy tightening, dormant private capex growth, the power crunch and the global growth ...

As per the data released by the Ministry of Statistics and Programme Implementation (MoSPI), retail inflation of India has eased marginally to 7.01% in June 2022 from 7.04% in May 2022. The CPI inflation has breached the upper limit of RBI's tolerance band (2-6%) for the sixth ...

As per the Reserve Bank of India data, the growth of bank deposit has moderated to 10% in March 2022 as compared with 11.9% in 2021. Current, savings and term deposits have been increased by 10.9%, 13.3% and 7.9%, respectively, during 2021-22. The share of current ...

NITI Aayog and TIFAC have launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers in India’. Total eight scenarios have been for analyzing the future penetration of electric two-wheelers in the country. Optimistic scenario Forecasts: 100% penetration of ...

The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in law to facilitate provision for setting up GST Tribunals. The Council will also discuss the group of ministers’ (GoM) report on online gaming, casinos and race courses, sources told ...

India is one of the fastest-growing economies in the world and it is expected to reach USD 30 trillion in the coming 30 years, Commerce and Industry Minister Piyush Goyal said here on Sunday. Goyal remarked that if India grows at a compound annual growth rate of 8% annually, the economy will ...

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said subscriber base under its flagship pension schemes rose by 24 per cent in August this year to over 4.53 crore. According to the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in ...

Fitch Ratings has shift the rating outlook of nine Indian banks which include SBI, ICICI Bank and Axis Bank, from negative to stable. The other banks are: Bank of Baroda (BOB), Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab National Bank (PNB) and Union Bank ...

According to insiders, a group of state ministers working on GST rate rationalisation was unable to achieve an agreement because some members were opposed to modifications to tax slabs and rates. They stated that the Group of Ministers will provide a status ...

Central bankers around the world are enacting what could be the most dramatic tightening of monetary policy since the 1980s, risking recessions and upsetting financial markets as they try to deal with an unexpected spike in inflation. The week began with a surprise move on Wall ...