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Indian renal denervation catheter market to grow at 11% CAGR: Report

Indian renal denervation catheter market to grow at 11% CAGR: Report

Thu, Jan 18, 2024

The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Sun, Jan 14, 2024

The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.

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World economy to top $100 trillion in 2022 for first time: report

World economy to top $100 trillion in 2022 for first time: report

Sun, Dec 26, 2021

British consultancy Cebr predicted China will become the world`s top economy in dollar terms in 2030, two years later than forecast in last year`s World Economic League Table report.

Economists see rate tightening from next review on inflation woes

Economists see rate tightening from next review on inflation woes

Wed, Dec 08, 2021

Economists and analysts have pencilled in liquidity tightening from the February policy by a reverse repo hike and a likely repo rate hike in March/April as they believe inflation pressures to surprise on the upsides and have termed as "unexpected" the more-than-expected dovish policy stance to support growth

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Wed, Dec 08, 2021

Even as the Reserve Bank of India (RBI) kept key policy rates unchanged on Wednesday, analyst see the Central Bank hiking the reverse repo rate from February 2022. The hike is seen at 20-25 bps. The reverse repo rate – rate at which RBI borrows money from commercial banks – stands at 3.35 per cent

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Tue, Nov 30, 2021

Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

Tue, Nov 30, 2021

India reported an 8.4 per cent growth in its Gros Domestic Product (GDP) for July-September 2021 quarter which is estimated at Rs 35.73 lakh crore at Constant (2011-12) versus 32.97 lakh crore during the corresponding period in FY21 according to a data released by the NSO on Tuesday

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

Tue, Nov 30, 2021

While Barclays forecasts the GDP expansion at 9.6% YoY in Q3CY21 (July-September or Q2 of fiscal year 2021-22) aided by a strong rebound in service sector, HDFC Bank estimated the July-September GDP growth at 7.8% y-o-y. SBI forecasts GDP growth for Q2 FY22 to be around 8.1%

Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's

Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's

Thu, Nov 25, 2021

In a report, Moody's said credit fundamentals are favorable for India's companies on a sustained economic recovery and earnings of rated companies' will rise on strong consumer demand and high commodity prices

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Wed, Nov 24, 2021

Real GDP will grow 9.4 per cent in FY22 and decelerate to 7.5 per cent for FY23 as the base effects result in the higher growth in the ongoing fiscal wear-off, according to the report by economists at HDFC Bank released on Wednesday

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Tue, Nov 02, 2021

Indian economy is expected to grow by 10 per cent or more in the current fiscal, and 8 per cent plus in the next fiscal year, Niti Aayog Vice-Chairman Rajiv Kumar said on Tuesday.

Economy finally looks nearly out of the pandemic woods; Icra sees Q2 GDP at 7.7 pc

Economy finally looks nearly out of the pandemic woods; Icra sees Q2 GDP at 7.7 pc

Thu, Oct 21, 2021

Icra Rating chief economist Aditi Nayar said in a note on Thursday.

India economy poised to attain double-digit growth in FY22: PHDCCI

India economy poised to attain double-digit growth in FY22: PHDCCI

Mon, Oct 11, 2021

In its June policy review, the central bank had lowered the country's growth projection for the current financial year to 9.5 per cent from 10.5 per cent estimated earlier.

₹ 4,445 crore will be invested on textile park scheme

₹ 4,445 crore will be invested on textile park scheme

Wed, Oct 06, 2021

With an aim to create world-class infrastructure with plug-and-play facilities that enable major investments in exports, the Cabinet on October 6 approved seven new mega textile parks.

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Tue, Oct 05, 2021

Ratings agency Moody's on Tuesday affirmed India's sovereign rating and upgraded the country's outlook to 'stable' from 'negative', citing receding downside risks to the economy and financial system. The sovereign rating by Moody's stands at 'Baa3' -- which is the lowest investment grade, just a notch above junk status

NOTIFICATION by CBDT! Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

NOTIFICATION by CBDT! Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

Tue, Sep 14, 2021

The government has decided to exempt investors picking up state's equity shares under strategic disinvestment programme from the provisions of gift tax.

11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr

11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr

Tue, Sep 14, 2021

As an incentive, these States have been granted permission by the Department of Expenditure to borrow an additional amount of Rs 15,721 cr. The additional open market borrowing permission granted is equivalent to 0.25 per cent of their Gross State Domestic Product (GSDP)

Trust between govt, industry critical to leverage opportunities created by COVID, says Finance Minister Nirmala Sitharaman

Trust between govt, industry critical to leverage opportunities created by COVID, says Finance Minister Nirmala Sitharaman

Mon, Sep 13, 2021

Elaborating on the government's strategy for handling the pandemic, the minister said that on one hand the focus is on ramping up vaccination as that was the biggest protection against the pandemic while on the other hand the government is working on ramping up health infrastructure, including in the tier 2 and tier 3 cities, by supporting the private sector

Retail inflation dips to 5.3 pc in August

Retail inflation dips to 5.3 pc in August

Mon, Sep 13, 2021

Retail inflation fell marginally to 5.3 per cent in August mainly due to easing food prices, official data showed on Monday. The retail inflation based on the Consumer Price Index (CPI) was 5.59 per cent in July and 6.69 per cent in August 2020.

Equity mutual funds see Rs 22,583-cr inflow in July supported by heavyweight NFOs

Equity mutual funds see Rs 22,583-cr inflow in July supported by heavyweight NFOs

Thu, Sep 09, 2021

Equity schemes saw net inflow of Rs 10,083 crore in May, Rs 3,437 crore in April and Rs 9,115 crore in March. Prior to this, equity schemes had consistently witnessed outflows for eight months from July 2020 to February 2021

Govt gets 61% revenue boost from excise in FY21

Govt gets 61% revenue boost from excise in FY21

Mon, Aug 02, 2021

Centre's total revenue (tax and non tax, and after adjusting state's share in central taxes) for financial year 2020-21 stood at Rs 16,32,094, crore a marginal 3.09 fall over the non-Covid year 2019-20 when total revenue stood at Rs 16,84,059 crore

GST Revenue collection for July 2021 – 33% YoY jump at Rs 116,393 cr; 51% growth for Maharashtra; 54% growth for Odisha-highest among top contributors

GST Revenue collection for July 2021 – 33% YoY jump at Rs 116,393 cr; 51% growth for Maharashtra; 54% growth for Odisha-highest among top contributors

Sun, Aug 01, 2021

Above figure includes GST collection received from GSTR-3B returns filed between 1 July 2021 to 31 July 2021 as well as IGST and cess collected from imports for the same period. Central Goods and Services Tax (CGST) stood at Rs 22,197 cr while the Goods and Services Tax (SGST) stood at Rs 28,541 crore, a government release said

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