economic

Fitch retains India growth forecast at 7 per cent this fiscal, cuts projections for next two years

In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25.

published on : 6th December 2022

Winter session: Govt plans to introduce 16 bills, Cong to seek discussion on border issue with China

Exit polls had on Monday predicted a big majority for the BJP in Gujarat and a dead heat in Himachal Pradesh where most pollsters gave an edge to the ruling party over the Congress.

published on : 6th December 2022

UP CM Yogi likely to lead delegation to World Economic Forum 2023 meeting in Davos

Yogi Adityanath would be the first UP CM to travel to Davos to take part in the WEF-2023 meeting.

published on : 3rd December 2022

Disasters cost $268 billion in 2022: Report

Insured losses covered $122 billion, less than half, of the total economic losses to date this year. There were $7 billion of insured losses from man-made disasters.

published on : 1st December 2022

Brexit ramps up UK food bills by GBP 6 billion: LSE study

Food prices were pushed higher by the rising cost of extra checks and requirements on EU imports, the LSE noted in the report.

published on : 1st December 2022

Economic growth slows to 6.3 per cent in Q2, RBI spot on

Manufacturing, mining sectors drag growth, contracting 4.3% and 2.8%, respectively

published on : 1st December 2022

US economy rose 2.9 per cent in third quarter, upgrade from initial estimate

Last quarter's rise in the U.S. gross domestic product, the economy's total output of goods and services, followed two straight quarters of contraction.

published on : 30th November 2022

Lebanon crisis means 'no football this year' for World Cup fans

Right until the start of the World Cup on November 20, the Lebanese had hoped the matches would be broadcast free on the public network Tele Liban, as was the case during the 2018 tournament.

published on : 30th November 2022

Govt allows Enforcement Directorate to share info with 15 more agencies

Earlier, the ED was permitted to share data with only 10 agencies, including CBI, RBI, Sebi, IRDAI, Intelligence Bureau, and Financial Intelligence Unit (FIU), among others.

published on : 28th November 2022

S&P cuts India's growth forecast to 7 per cent for FY23

While the World Bank has pared its growth estimate for India by 100 basis points to 6.5 per cent, IMF has trimmed it to 6.8 per cent from 7.4 per cent.

published on : 28th November 2022

SC’s EWS order raises more questions than it answers

The Union Government said the Major Sinho Commission report was used as a basis for the 10% quota legislation, which interestingly is not mentioned in the majority judgment.

published on : 26th November 2022

India will stay ahead of the curve amid global economic slowdown: Stellantis CEO Carlos Tavares

While reports are pointing out that Europe is the number one risk in terms of the technical recession, followed by the US, he said India is not a risk and it has so much potential to grow, he said.

published on : 24th November 2022

Sri Lanka ministers sacked by party ahead of crucial budget vote in parliament

However, the party suspensions do not mean the two ministers are sacked from the cabinet of Wickremesinghe.

published on : 22nd November 2022

Court directs sale of Sarala Realcon’s Rs 13.81 cr property

During investigation, it established that the directors of Sarala Realcon had fabricated the documents with an intention to cheat investors.

published on : 22nd November 2022

Deloitte expects India to post 6.5-7.1% growth in FY 2022-23

An impending global slowdown or even a recession in a few advanced nations as early as the end of 2022 or early next year is likely to make the situation worse.

published on : 20th November 2022

North Korea fires ICBM, lands near Japan

The missile was believed to have come down in the waters of Japan's exclusive economic zone (EEZ), Prime Minister Fumio Kishida said as he blasted the launch as "absolutely unacceptable".

published on : 20th November 2022

TN to present its healthcare case study at WEF

Health minister says the State has set an example for govts throughout the world

published on : 20th November 2022

UK: What Sunak's first big announcement tells us about how he will lead the country

The Sunak vision of a post-Brexit political economy is closer to Johnson than Truss. The new prime minister appears committed to Johnson's 'levelling up' agenda.

published on : 19th November 2022

RBI pegs Q2 GDP growth rate in range of 6.1-6.3 per cent

The apex bank pegged the current fiscal year gross domestic product (GDP) growth at 7%. In India, supply responses in the economy are gaining strength.

published on : 19th November 2022

UK budget predicted to be a nightmare before Christmas

Britain is likely already in recession after its economy shrank in the third quarter and is set to do so again in the final three months of the year, according to the Bank of England.

published on : 15th November 2022
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