State of Indian economy extremely concerning, says P Chidambaram

The former Union finance minister said that the country’s post-pandemic economic recovery has been indifferent and faulty.

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· May 14, 2022 · 08:29 pm

HDFC hikes housing loan rates by 0.3% for all customers from May 9

The move came three days after the RBI raised India’s repo rate by 40 basis points, or 0.4%.

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· May 07, 2022 · 08:12 pm

India’s record GST collections are partly because of its soaring inflation

Apart from significant input costs for producers, experts have attributed the record collections to tighter input tax credit regulations.

Mimansa Verma, qz.com

· May 04, 2022 · 07:30 pm

RBI raises repo rate by 40 basis points to 4.40% to control inflation

The decision was taken by the central bank at an off-cycle meeting held between May 2 and May 4.

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· May 04, 2022 · 02:23 pm

India’s economy likely to take till 2035 to overcome losses due to Covid-19, says RBI

The country’s economic output has suffered a loss of nearly Rs 52 lakh crore due to the pandemic, says the central bank in its report.

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· Apr 30, 2022 · 03:49 pm

IMF lowers India’s growth forecast to 8.2% from 9% for financial year 2022-’23

Higher crude oil prices are expected to weigh on India’s private consumption and investment, the International Monetary Fund said.

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· Apr 19, 2022 · 10:44 pm

When it comes to fiscal policy, some Indian states are almost as imprudent as Sri Lanka

Bureaucrats are concerned that populist schemes may end up wrecking the economies of some Indian states.

Mimansa Verma, qz.com

· Apr 16, 2022 · 07:30 pm

World Bank lowers India’s growth forecast to 8% from 8.7% for 2022-’23

It cited the impact on the global economy of Russia’s invasion of Ukraine as the reason behind the revision.

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· Apr 14, 2022 · 01:48 pm

Upper-caste businesspersons own 61.8% of micro, small and medium firms in India: Government data

Entrepreneurs from the Scheduled Caste category own 6.8% of these enterprises, while those in the Scheduled Tribe category own just 2.1% of them.

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· Apr 14, 2022 · 01:22 pm

RBI lowers GDP growth from 7.8% to 7.2% for 2022-’23, retains repo rate at 4%

The Reserve Bank of India also increased the reverse repo rate by 40 basis points to 3.75% from previous years’ 3.35%.

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· Apr 08, 2022 · 10:37 am

India Ratings lowers economic growth forecast to 7-7.2% from 7.6% for 2022-’23

The agency cited the Russia-Ukraine war and the rising prices of crude oil as the reason behind their revision.

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· Mar 30, 2022 · 08:26 pm

Fitch Ratings cuts India’s growth forecast for 2022-’23 to 8.5%, cites higher energy prices

The agency revised its forecast for the current financial year (2021-’22) from 8.1% to 8.7%.

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· Mar 22, 2022 · 01:32 pm