Domestic rating agency Brickwork Ratings revised its growth estimate for the country’s GDP to 10-10.5% in the current financial year from an earlier expectation of a 9% growth. Brickwork Ratings is a SEBI registered Credit Rating Agency with headquarter in Bengaluru. It expects the GDP growth for Q2 FY22 to be at 8.3 percent (year-on-year), […]
Brickwork Ratings Projects India’s GDP at 10-10.5% in FY22 Read More »
The Government of Sri Lanka has sought a $500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation after the pandemic hit the nation’s earnings from tourism and remittances. The USD 500 million credit line is part of the India-Sri Lanka economic partnership
Sri Lanka Seeks $500 Million Line of Credit from India to purchase Fuel Read More »
The International Monetary Fund (IMF) has estimated the Indian economy to grow by 9.5% in the current fiscal year, i.e 2021-22 (FY22), and the multilateral organization in its latest World Economic Outlook report released on October 12, 2021, has projected India’s economy to grow 8.5% in FY23. Meanwhile, IMF expects the global gross domestic product (GDP) to grow by 5.9 percent in 2021 and 4.9% in 2022.
IMF Projects Indian Economy to grow at 9.5% in FY22; Global economy at 5.9% in 2021 Read More »
The industry body FICCI has revised upward the growth forecast for the Indian economy in 2021-22 to 9.1%, based on the latest FICCI’s Economic Outlook Survey. FICCI’s Economic Outlook Survey also noted that the ongoing festive season would support this momentum. Earlier in July 2021, this was estimated at 9%.
FICCI Projects India’s GDP growth for 2021-22 projected at 9.1% Read More »
Fitch Ratings has cut India’s economic growth forecast to 8.7% for the current fiscal but raised GDP growth projection for FY23 to 10%, saying the second COVID-19 wave delayed rather than derail the economic recovery. In its APAC Sovereign Credit Overview, Fitch Ratings said India’s ‘BBB-/Negative’ sovereign rating “balances a still-strong medium-term growth outlook and external resilience from solid foreign- reserve buffers,
Fitch cuts India’s GDP in FY22 to 8.7% and 10% in FY23 Read More »
The World Bank has estimated India’s real Gross Domestic Product (GDP) in the current fiscal year 2021-22 to grow by 8.3% in its latest economic update for South Asia. World Bank on June 8 projected India’s economy to grow at 8.3 percent in 2021. Earlier, the World Bank had estimated the Indian economy to grow at a
World Bank Projects Indian GDP to grow at 8.3% in FY22 Read More »
In order to build an Aatmanirbhar Bharat and to position India strongly on the Global textiles map, the Government has approved the setting up of 7 PM MITRA parks as announced in the Union Budget for 2021-22. PM MITRA is inspired by the 5F vision of the Prime Minister. The ‘5F’ Formula encompasses – Farm
Centre approves setting up 7 PM MITRA Parks at Rs. 4,445 crore in 5 years Read More »
The gross GST revenue collected in the month of September was ₹1.17 lakh rupees, which included a CGST component of 20,578 crores, SGST is 26,767 crore, and IGST component of 60,911 crore rupees. The revenue for September was 23% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 30% higher and the revenues from
GST collection for September crosses ₹1.17 lakh crore Read More »
The Central Government has approved to increase the family pension of bank employees to 30 per cent of last salary drawn. Daily Current Affairs Quiz 2021 This move would make family pension go up to as much as 30,000 rupees to 35,000 rupees per family of bank employees. This proposal was given by the Indian
IBA to increase family pension to 30% of last salary drawn Read More »
TECNO announced the launch of its first exclusive retail outlet in the national capital, in a bid to enhance the buying experience for its customers. Daily Current Affairs Quiz 2021 Located in the heart of East Delhi at the TECNO branded Laxmi Nagar Metro Station which is also close to one of the busiest mobile
TECNO launched first exclusive retail outlet in New Delhi Read More »
