Sri Lankan prime minister Mahindra Rajapaksa resigned from his position on 9th May 2022 and the president, his brother, step down over the country’s worst economic crisis in decades, an official said. He sent his resignation letter to the president of Sri Lanka Gotabaya Rajapaksa. He has been accused of misleading Sri Lanka’s economy and pushing Sri […]
Sri Lanka’s Prime Minister resigned after weeks of Protest Read More »
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 of Post Devolution Revenue Deficit (PDRD) grant to states. The grant has been released as per
GoI releases Rs 7,183.42 crore to 14 states as revenue deficit grant Read More »
Export of India’s non-basmati rice has witnessed tremendous growth of 109% from USD 2925 million in FY 2013-14 to USD 6115 million in FY 2021-22. Export of non-basmati rice has registered a growth of 27% in 2021-22. West African country, Benin is one of the major importers of non-basmati rice from India. As per Directorate General of Commercial Intelligence and
India’s Non-basmati rice exports grow by 109% since 2013-14 Read More »
India’s economy is estimated to grow by 8.2% in the current fiscal year (2022-23), sharply slower than the International Monetary Fund’s (IMF) earlier forecast of 9% as the impact of Russia’s invasion of Ukraine weighs heavily on prices and disruption of supply chains. IMF has also cut India’s FY24 GDP growth forecast to 6.9 percent. Earlier this was 7.1 percent. In
IMF cuts India’s GDP growth forecast for FY23 to 8.2% Read More »
The Washington-based institution has lowered its estimate for global growth in 2022 to 3.2% from a January prediction of 4.1%, President David Malpass told reporters on a call on Monday. The decline was spurred by a cut in the outlook for Europe and central Asia, which include Russia and Ukraine, he said. The global forecast
World Bank cuts global economy growth forecast to 3.2% for 2022 Read More »
The World Trade Organization (WTO) on Tuesday lowered its 2022 global trade forecast to 3 per cent, from 4.7 per cent, due to the ongoing conflict between Russia and Ukraine and a potentially more transmissible Omicron subtype fettering China. The forecast for 2023 is 3.4 per cent. The downward revision follows the Russia-Ukraine conflict that has impacted
WTO cuts global trade growth forecast to 3% in 2022 Read More »
The Centre has completed asset monetisation worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore. For FY23, it has set itself a goal of Rs 1.62 trillion, and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation, an official said. The sectors which contributed most
Centre exceeds FY22 Asset Monetisation Target; Rs 96,000 crore realised Read More »
The Reserve Bank of India conducted its first Monetary Policy Committee (MPC) meeting for 2022-23 between April 6- 8, 2022. On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 8, 2022) decided to: keep the policy repo rate under the liquidity adjustment facility
RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.2 percent Read More »
Asian Development Bank on Wednesday projected a seven percent collective growth for South Asian economies in 2022 with the subregion’s largest economy India growing by 7.5 percent in the current fiscal year before picking up to eight percent the next year. Pakistan’s growth will be four percent in 2022 on weaker domestic demand. South Asia –
ADB projects India’s economy to grow by 7.5% in FY23 Read More »
India’s GDP is estimated to grow at 7.4% in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci’s Economic Outlook Survey released on Sunday said. The Ficci’s Economic Outlook Survey was released on April 03, 2022. The report has stated that
FICCI Projects India’s GDP growth rate for FY23 at 7.4% Read More »
