Despite a strong global campaign against Indian farmers and fishermen, India was able to secure a favourable outcome at the WTO after many years, commerce and industry minister Piyush Goyal told the media after the conclusion of the 12th ministerial conference — the WTO ...

Trade data released by the Ministry of Commerce and Industry showed that India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago. May's trade deficit was pushed up by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while exports ...

FM Nirmala Sitharaman has launched EASE (Enhanced Access and Service Excellence) 5.0 'Common reforms agenda' for Public Sector Banks (PSBs) under EASENext program EASE has evolved over four annual editions from FY19 to FY22 and has catalyzed reforms in diverse areas in ...

The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das voted unanimously to raise repo rate by 50 basis points to 4.90 percent. The Monetary Policy Committee has raised the repo rate in order to tackle elevated inflation. Standing Deposit ...

The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent. Writing in its latest Global Economic Prospects report released, the World Bank said it cut ...

The government has collected Rs 1,40,885 lakh crore Goods and Services Tax (GST) revenue for the month of May 2022. The numbers have been surged 44% as against Rs 97,821 during the corresponding period of preceding fiscal year. GST revenues has been recorded lower than ...

SBI Research has estimated the growth of the Indian economy at 7.5% in 2022-23, an upward revision of 20 basis points from its earlier estimate. According to the official data, the economy will grow by 8.7% in FY22, net adding ₹11.8 lakh crore in the year to ₹147 lakh crore. ...

Fiscal deficit of India for 2021-22 has improved to 6.71% of the GDP over the revised budget estimate of 6.9% mainly on account of higher tax realisation. The fiscal deficit in the absolute terms was Rs 15,86,537 crore (provisional). The finance ministry ...

Moody’s Investors Service has cut its gross domestic product (GDP) growth forecast for India to 8.8% for calendar year 2022 (CY22) from its March estimate of 9.1%. Reason: Rising inflation and interest rates will temper the economic growth momentum. It ...

S&P Global Ratings cut India’s GDP projection for the current fiscal to 7.3% from 7.8% on rising inflation and the Russia-Ukraine conflict. S&P Global Ratings suggestions: Central banks to raise rates more than what was currently priced in, risking a ...