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.
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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%.
Sun, Jan 14, 2024
The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.
Sun, Oct 23, 2022
"It contributed to the buoyancy in taxes the country is benefitting from today. This helps us move towards the ideal of low tax rates on a large base," she told PTI.
Observing that India has managed inflation better than most other countries in the world, the Review said that barring further weather extremities, retail food inflation is expected to decline in the coming months, leading to lower headline retail inflation.
Sun, Oct 16, 2022
Multinational companies (MNCs) appreciate the impact of GST, the government's digital push in various spheres, and transparency in taxation, amongst other reforms.
Last year, the government notified the General Insurance Business (Nationalisation) Amendment Act which will allow the government to cut its stake in state-owned general insurers to below 51 per cent.
Sat, Oct 15, 2022
The government has ensured the availability of free food grains to more than 800 million vulnerable families for the past 25 months, through the country's massive public distribution network, FM Sitharaman said.
"India's foreign exchange reserves at USD 537.5 billion as on September 23, 2022, compare favourably with most peer economies. Two-thirds of the decline in reserves is due to valuation changes arising from an appreciating US dollar and higher US bond yields," Sitharaman said.
Thu, Oct 13, 2022
According to S&P Global Ratings, it has developed a downside scenario taking into account the increasing risks and the potential for materialization, with a roughly one-in-three likelihood of occurring.
Tue, Oct 11, 2022
IMF Managing Director Kristalina Georgieva, noting the grim backdrop to this week's fall meetings of the IMF and the World Bank in Washington, warned that the "risks of recession are rising" around the world and that the global economy is facing a "period of historic fragility."
Mon, Oct 10, 2022
According to the memorandum, the proposals in complete form justifying supplementary demands to be included in the first batch should be forwarded to the Budget Division of the finance ministry by November 11, 2022.
Thu, Oct 06, 2022
Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that things are more likely to get worse before it gets better", saying the Russian invasion of Ukraine that began in February has dramatically changed the IMF's outlook on the economy
Supply chain easing and the uptick in domestic consumption is likely to give a significant boost to seasonal demand, company’s Managing Director and Chief Executive Officer (CEO) YS Chakravarti said in a press statement
After hitting a low in July 2021 on the back of Covid19 pandemic, Consumer Confidence Index (CCI) has continued its upward move and was recorded at 80.6 in the survey. It was at 77.3 in July 2022
Fri, Sep 30, 2022
The central bank has raised the key interest rate by 190 basis points since May this year, taking the repo rate to a three-year high of 5.9 per cent.
The ministry in April launched the pilot phase of the open network for digital commerce, a UPI-type protocol, in five cities - Delhi NCR, Bengaluru, Bhopal, Shillong and Coimbatore. People were allowed to do transactions in these cities.
"Keeping in view the similar nature of activities undertaken by online and offline PAs, it is proposed to apply the current regulations to offline PAs as well," Das said after announcing bi-monthly policy
Thu, Sep 29, 2022
Ajay Bagga said the problem emanated after the mini budget was announced. The government has increased its fiscal deficit further by 70-75 billion pounds. The global investors are unhappy with the move and IMF has also expressed concerns saying that it was not the time to undertake tax cuts
Wed, Sep 28, 2022
Stock Market Today 28th Sep 2022: Market Expert Siddharth Sedani that correction is a buying opportunity in good stocks and investors can buy in a staggered manner. He said that RBI commentary and road map on economy will be crucial. Buy on dips, he said
Zee Business Top Picks 28th Sep'22: LIVE: RBI Monetary Policy Review Meeting Begins - MPC to recommend another hike? Date, Time, Expectations, Possible Outcomes - Latest News, Updates
A big meeting of the Council of Ministers was held today under the chairmanship of PM Modi to discuss inflation and economy. What is the agenda of this meeting? Know from Ambarish Pandey.
"The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.
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