Newsroom24x7 Business Desk Mumbai: While Fitch Ratings have cut their growth forecasts for the next fiscal year (FY20, ending in March 2020) on weaker-than-expected momentum, they still see Indian GDP growth to hold up reasonably well, at 6.8%, followed by 7.1% in FY21. The RBI has adopted a more dovish monetary policy stance and cut
Newsroom24x7 Network Mumbai: Four years down the line, after Narendra Modi assumed office as Prime Minister, with inflation clouds looming over Indian economy, the Reserve Bank of India has increased the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5 per cent. The decision to hike the rate, after four
Newsroom24x7 Desk New Delhi : Nikkei’s Manufacturing Purchasing Managers’ Index, compiled by Markit, fell to a 28-month low of 49.1 in December from the earlier value of 50.3 as at November. Interpreted in analysis, it indicates that Indian manufacturing activity contracted in December for the first time in more than two years. The reasons outlined
Lalit Shastri Bhopal: Union Minister for Mines and Steel Narendra Singh Tomar today said when the new Government came to power in New Delhi on 26 May 2014, the country was confronted with diverse problems, including a tottering economy and a series of scams, but Prime Minister Narendra Modi accepted these challenges and within a
Newsroom24x7 Desk New Delhi: The Union Finance Ministry today released the Economic Survey 2014-15 which presents the economic outlook and the Modi Government’s Policy chhallenges. The Survey prepared by chief economic adviser Arvind Subramanian and released ahead of the Budget for 2015-16 shows that Macroeconomic fundamentals in 2014-15 have dramatically improved. The Survey highlights are:
Newsroom24x7 Desk Mumbai, Jan. 15: Inflationary pressures (measured by changes in the consumer price index) have been easing since July 2014 and the path of inflation, while below the expected trajectory, has been consistent with the assessment of the balance of risks in the Reserve Bank’s bi-monthly monetary policy statements. RBI Governor Raghuram G Rajan
