UBS Forecasts India’s GDP to 9.5% For FY22
Swiss brokerage UBS Securities has revised India’s GDP forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September. The brokerage...
Category : ECONOMY
WTO to Propose New Agriculture Package
The World Trade Organization (WTO) is likely to draft a revised text for an agriculture package to break the deadlock in farm talks at the...
Centre to Release Devolution Funds to States, Says FM Sitharaman
Finance Minister Nirmala Sitharaman said that the government would issue more devolution funds due to states on November 22 spending on capital expenditure. “Many states...
RBI Wants Tax Benefits for Retail Direct Investments
The Reserve Bank of India (RBI) will approach the government to get tax benefits for retail investments in sovereign securities under the Retail Direct Scheme...
IWT Department Signs MoU with World Bank of Rs 770 Crores
Assam Chief Minister Himanta Biswa Sarma said that the Inland Water Transport (IWT) department had signed a Memorandum of Understanding (MoU) with the World Bank...
Ratio of Currency in Use Records 14.5% of GDP
The ratio of currency in circulation as the balance of GDP reached a record of 14.5 per cent for fiscal 2020-21 amid the raised demand...
FM Sitharaman Reviews Capex Spending
To further push investment in infrastructure projects, Finance Minister Nirmala Sitharaman reviewed the capital expenditure (Capex) by the petroleum and steel ministries and urged them...
IFC to Strengthen Annual Allocation for India to $3 Billion
The International Finance Corporation (IFC) to boost its annual allocation for India to $3 billion, its regional vice president for Asia and Pacific, Alfonso Garcia...
FM Release Rs 44k Crore as Loan Facility in-lieu of GST Compensation
The Ministry of Finance said that it had released Rs 44,000 crores to States and Union Territories with legislature under the back-to-back loan facility instead...
DA Hike to 31% Effective From July 1: Sitharaman
Dearness Allowance for central government employees has been hiked to 31 per cent of the basic pay from 28 per cent with effect from July...