India Ratings Cuts FY23 GDP Growth Forecast to 6.9%: India Ratings became the latest agency to cut its FY23 gross domestic product forecast. On Thursday, the ratings agency cut the forecast to 6.9 per cent from 7 per cent, joining other institutions who have cut their projections to below 7 per cent since the release […]
India Ratings Cuts FY23 GDP Growth Forecast to 6.9% Read More »
Fitch cuts India’s FY23 growth to 7%: Fitch has cut the India’s gross domestic product (GDP) growth forecast for 2022-23 to 7% from 7.8%. September 2022 Current Affairs Quiz Reason: Due to the impact of the global economic slowdown, elevated inflation and tighter monetary policy. The European gas crisis, high inflation and a sharp acceleration in the pace of
Railway’s Revenue Up 38 % to Rs 95,486.58 Cr: The overall revenue of Indian Railways at the end of August 2022 was Rs 95,486.58 crore, showing an increase of Rs 26,271.29 crore or 38 per cent over the corresponding period of last year, an official statement said on Sunday. The revenue from passenger traffic was
Chinese Economy Is In Real Trouble : As growth in major global economies slows as a result of high inflation, exacerbated by the Ukraine war, many economists are hoping that China will again come to the world’s rescue. September 2022 Current Affairs Quiz But this is not 2008, when China’s then rapidly expanding economy and a huge stimulus unleashed by
Vehicle Dispatches Rise 21% As Chip Supply Improves: Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August, riding on improved supplies of semiconductors and festive demand, according to the Society of Indian Automobile Manufacturers. September 2022 Current Affairs Quiz As per the latest data released by industry body Society of Indian Automobile Manufacturers
Vehicle Dispatches Rise 21% As Chip Supply Improves Read More »
India to emerge third-largest economy of world by 2029: As per the report of State Bank of India (Economic Research Department), the India is set to become the third largest economy in the world by 2029. September 2022 Current Affairs Quiz India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. The
India to emerge third-largest economy of world by 2029 Read More »
India’s 2022 GDP growth prediction reduced by Goldman Sachs from 7.6% to 7%: Goldman Sachs has revised lower its growth projections for India. A lower-than-expected growth during April to June increased the negative risk to current fiscal year growth predictions by 40 basis points. The current fiscal year predictions decreased by 20 basis points from 7.2%
India’s 2022 GDP growth prediction reduced by Goldman Sachs from 7.6% to 7% Read More »
India’s GDP projection lowered by Moody’s to 7.7 percent : According to Moody’s Global Macro Outlook 2022-2023 study, India’s central bank is anticipated to maintain a hawkish posture this year and keep a moderately restrictive policy stance in 2023 to prevent domestic inflationary pressures from escalating. September 2022 Current Affairs Quiz India’s GDP is now expected to grow
India’s GDP projection lowered by Moody’s to 7.7 percent Read More »
All-India House Price Index rose by 3.5% in Q1 of 2022-2023: The all-India house price index (HPI) increased by 3.5% year over year, during the first quarter of 2022–2023 according to information made public by the Reserve Bank of India. The HPI increased by 1.8% between January and March and by 2% between April and June of 2021–22. According to
All-India House Price Index rose by 3.5% in Q1 of 2022-2023 Read More »
According to Finance Ministry data, the government has collected ₹1,43,612 crore as the gross GST revenue in the month of August 2022. CGST is ₹ 24,710 crore, SGST is ₹ 30,951 crore, IGST is ₹ 77,782 crore. It includes ₹ 42,067 crore collected on import of goods and cess is ₹ 10,168 crore (including ₹ 1,018 crore collected
