Growth

	Banks cannot perennially rely on RBI money to support credit offtake: Shaktikanta Das The RBI Governor said banks have already started to pass on the hike in repo rates to their depositors and the trend is expected to continue. published on : 5th August 2022
	Andhra Pradesh government to strengthen power sector The government is implementing the AP Disaster Recovery Project (APDRP) to instal underground power cables in Visakhapatnam at a cost of about `720 crore with financial assistance from the World Bank. published on : 1st August 2022
	India’s core sector output registered double-digit growth in June; increases by 12.7% The eight core industries include electricity, coal, crude oil, natural gas, refinery products and fertilizers. Coal, petroleum, cement and electricity rose in double digits. published on : 30th July 2022
	PM bats for NEP, CM Stalin roots for Dravidian Model of growth A day after their bonhomie on stage set tongues wagging, Prime Minister Narendra Modi and Chief Minister M K Stalin gave vent to their political differences. published on : 30th July 2022
	India will make significant contributions to economic growth in Middle East and South Asia through I2U2 PM Narendra Modi said the I2U2 grouping has established a positive agenda and its framework is a good model for practical cooperation in the face of increasing global uncertainties. published on : 27th July 2022
	IMF cuts India growth by 0.8 per cent to 7.4 per cent for the current year Considering the unending economic uncertainties, it has cut global growth to 3.2% and 2.9% in 2022 and 2023, respectively 0.4% and 0.7% lower than its April estimates. published on : 27th July 2022
	Global economy facing a knife-at-the-throat situation, warns IMF; cuts India's growth forecast As for price rise, the IMF made no bones about the fact that inflation is here to stay. Its baseline projections for global inflation are pessimistic. published on : 26th July 2022
	India to be fastest-growing economy, engine of global growth: Kumar Mangalam Birla On the global economy, he said it had recovered from the pandemic shock in 2022 on the back of supportive fiscal and monetary policies and mass vaccination programmes. published on : 25th July 2022
	NITI Aayog member Ramesh Chand lauds Andhra Pradesh's growth in agriculture, allied sectors Citing statistics, Ramesh Chand said that Andhra Pradesh performance is better than other States with regard to the per capita income and growth rate in agriculture and allied sectors. published on : 23rd July 2022
	Goyal calls for deepening trade ties with Africa; exploring solar energy, startup ecosystem "I also believe our military exchanges in the Indian ocean, defence trade, manufacturing in the defence sector can also lead to greater engagement between Africa and India," he said. published on : 20th July 2022
	Increasing staff costs to trim IT firms’ operating profitability: CRISIL The sector’s 19% growth in FY22 was the highest in the past 8 years, says the report, adding the higher growth in FY22 had come on the back of a modest uptick of 6% in fiscal 2021. published on : 8th July 2022
	RBL share tanks 7 per cent on slowing deposit growth The bank said asset quality parameters on the portfolio continue to see improvement in Q1FY23, in line with the improving trend of the past few quarters. published on : 6th July 2022
	India's bank credit growth expected to remain positive; retail loan may do well: CareEdge report The rating agency said that inflation could, however, offset the growth potential to some extent by curbing the demand for credit. published on : 5th July 2022
	MSMEs can generate more profits from e-commerce: Union MoS Bhanu Pratap Singh Verma Verma said that MSMEs play an important role in job creation and expansion of manufacturing base in the country, and there is a need to enhance focus on them to achieve a USD 5 trillion economy. published on : 27th June 2022
	Growth can’t be sacrificed in repressing inflation: RBI's monetary policy committee The panel took solace from the fact that inflation would start coming down from the second half of the financial year. published on : 23rd June 2022
	Wipro merges commercial lighting, seating solutions businesses to create combined unit Wipro Consumer Care started the Lighting business in 1992. Over the years, the business has grown both in B2B and B2C segments to make Wipro a significant player in the category. published on : 19th June 2022
	The middle class and global companies The Indian government should create policies that focus on GDP growth with equitable income distribution. India can then attract investments and curb high profile exits. published on : 13th June 2022
	Fitch cuts economic growth forecast to 7.8 per cent; revises India rating outlook to 'Stable' from 'Negative' "The Outlook revision reflects our view that downside risks to medium-term growth have diminished due to India's rapid economic recovery," it said. published on : 10th June 2022
	Telangana state to form panel for welfare of street vendors Toy park to be established over 100 acres of land in Yadadri to end China’s monopoly in manufacturing, boost local toy makers’ business published on : 7th June 2022
	FMCG volumes down 4.1 per cent on fall in consumption Though the double-digit price rise helped India’s FMCG market grow 6% in value in the January-March quarter, it witnessed a contraction in volume terms. published on : 2nd June 2022