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Latest Articles in economy
US Inflation Picks Up, Pushing Fed Towards Another Rate Hike
The core PCE index, which excludes food and energy prices, exceeded projections. It increased by 0.4 per cent from the previous month and by 4.7 per cent from April 2022
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India Has Become Hope For World To Strengthen Economy, Fighting Poverty: PM
“The India of the 21st century can scale further heights of development by maximizing the potential of infrastructure," says PM Modi
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GDP May Pass 7% Mark In FY23: RBI Governor
"The agricultural sector has done well and so has the services sector," says Shaktikanta Das
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Amid Rs 2,000 Deposits, PAN Details Necessary For Deposits Above Rs 50,000
The RBI states that banks will have their own processes and rules for exchanging Rs 2,000 notes
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India's Forex Reserves Almost Touch $600 Bn, Hit One-year High
India's foreign currency assets, the biggest component of the forex reserves, rose by USD 3.577 billion to USD 529.598 billion
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Breaking Down the Revised Liberalised Remittance Scheme
The Finance Ministry ended a key relaxation on the use of international credit cards overseas, stating that credit card payments will now come under the purview of the RBI’s Liberalised Remittance Scheme.
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BW Explains: Banks Flag High Overnight Rates, What Does It Mean For Consumers?
Overnight rates are a good indicator of short-term interest rate movements in the broader economy and lead to a domino effect on various economic indicators such as employment and inflation
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India's Economic Recovery At Five Months High, Says PHD Chamber
India's unemployment rate increased from 7.8 per cent in March 2023 to 8.11 per cent in April 2023, according to the data
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Sri Lankan Economy To Grow In 2024 After Contracting This Year: IMF
The country's economic prospects hinge quite critically on the implementation of the economic reform program it had agreed in particular for five key areas
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US Default Would Have Severe Global Consequences: IMF
Higher borrowing costs, broader global instability, and economic repercussions are only some of the events to occur in the event of a US default, according to the IMF
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India To Be World's Second Largest Economy By 2048: RBI's Patra
According to the data, India’s female labour force participation is among the lowest in the world, even lower than that of low-income countries
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Insurance, Back In Teens And In Pink Of Health
On a 3-year compound annual growth rate (CAGR) basis, growth was muted at 11 per cent versus 16 per cent CAGR in FY 2009-19
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Housing Remained Demand Buoyant In Q4 FY2023; Expect Volumes To Rise By 8-10% In FY2024: Icra
"The impact of rising recessionary pressures on the job market and increase in interest rates on affordability remains to be seen," as per the Icra
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Corruption Erodes The Govt’s Credibility, Exploits The Poor
Corruption causes significant distortions and inefficiencies and diminishes growth. It is detrimental to a free, fair, competitive, and efficient market. It creates an uneven playing field for businesses. It affects both private and foreign investment
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Icra Revises Telecom Tower Sector Outlook To Negative Amid Economic Headwinds
As per Icra, the gross receivable days are likely to remain above Icra’s outlook revision threshold of 80 days
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