India’s GDP Growth in Q1FY22 Observed at 14.2%-23.3%
The Indian economy rose 19-20 per cent in the first quarter this fiscal. The total-year gross domestic product (GDP) is estimated to grow 7.9-9.6 per...
Category : ECONOMY
Rice Exports Assumed to be Low in FY22
Rice exports from India are reduced in FY22 compared to FY21 due to excessive freight rates and global market supply. Non-basmati rice will be below...
States Step Up Capex as Tax Revenues Increases
State governments have moved up capital expenditure (Capex) in the first quarter of the current financial year, turning a declining trend saw in the previous...
RBI Continues TLTRO Scheme for Another Three Months
The Reserve Bank of India (RBI) increased the Targeted Long Term Repo Operation (TLTRO), a dedicated liquidity window for another three months. Companies from different...
Parliamentary Committee Recommends Rebuilding Insolvency System
A parliamentary committee has been appointed to review the Insolvency and Bankruptcy Code (IBC) has recommended rebuilding the present system, including a threshold rate of...
Indian Service Sector Remains in Contraction Territory For 3rd Straight Month
India’s services sector is stuck in contraction territory for the third straight month, as business activity, new orders and employment decreased more due to the...
E-Way Bills Clock 64.1 Million in July
Over 64.1 million e-way bills were generated in July, indicating a speedy comeback in business activity. According to data from the goods and services tax...
Not Waiving Farmer Loan, Says Government
The centre on Monday said that there is no offer mentioned to waive loans of farmers, including Scheduled Caste and Scheduled Tribe farmers. In a...
India’s July Unemployment Rate Falls to 6.95%
India’s unemployment rate dropped to 6.95 per cent in July. In March, India’s unemployment rate was 6.5 per cent and increased to 7.97 per cent...
IMF Slashes India’s FY22 Growth Outlook to 9.5%
The International Monetary Fund (IMF) has slashed the economic growth of India and projection for FY22 to 9.5 per cent from 12.5 per cent estimated...