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 ...

Finance Minister, Nirmala Sitharamana has chaired the 7th Annual Meeting of Board of Governors of NDB through video-conferencing in New Delhi. Theme 2022:  “NDB: Optimising Development Impact”. FM Sitharamana has mentioned that India’s economic growth in ...

S&P Global Ratings cut India’s growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. S&P had in December last year pegged India’s GDP growth in 2022-23 fiscal, ...

Morgan Stanley downgraded India’s growth forecast to 7.6% from 7.9% for FY2023 amid a slowdown in global growth, higher commodity prices and risk aversion in global capital markets. This 7.6% forecast is a baseline forecast for India while its bearish and bullish growth ...

Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, announced the launch of its financial literacy campaign ‘InspiHE₹- enabling an empowered future’– a special initiative to spread ...

The central government on Friday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, West Bengal, Rajasthan, Punjab, Assam and Kerala. The Department of Expenditure, Ministry of Finance released the money. This is the 2nd monthly instalment ...

The Central Vigilance Commission (CVC) on Thursday expanded the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), which would now examine bank frauds of Rs 3 crore and above and recommend action. Till now, the ABBFF was only looking into banking and financial frauds of Rs 50 ...

According to the finance ministry, advance tax collection increased by 53.50%to Rs 4.60 lakh crore so far this fiscal year, indicating a recovery in the economy. Direct tax collections for 2021-22, as on December 16, present that internet collections are at Rs 9.45 lakh ...

The State Bank of India (SBI) issued $650 million in green bonds on the India International Exchange (India INX) and the Luxembourg Stock Exchange(LuxSE) on November 22. This dual listing is in line with 2021’s topic of the World Investor Week (WIW), ‘sustainable finance’, as ...

Global terror financing watchdog Financial Action Task Force (FATF) has retained Pakistan and added three more countries to its Grey List. In a briefing, FATF president Marcus Pleyer said that three new countries — Turkey, Jordan, and Mali — have been added to the Grey List.  Pakistan has ...