Photo: Business Standard
NK Singh Predicts Growth Of Economic In India, Applauds IMF
NK Singh, the Chairman of the 15th Finance Commission of India, applauded the International Monetary Fund (IMF) and predicted its growth in the coming years. The statement of NK Singh came on the sidelines of the India-Japan Forum, attended by the Indian Finance Minister Nirmala Sitharaman. The Finance Commission Chairman predicted growth from 5.1% to 6.1%. Furthermore, at the Japan forum, Sitharaman said, India will be developed by 2047.
Tags: IMF, NK Singh, Indian Economy, Nirmala Sitharaman, developed country
Courtesy: ANI News
Photo: Business Line
SBI Says Rs 2,000 Deposit Increased Consumption
State Bank of India (SBI), in its latest report, has said that the withdrawal of Rs 2,000 banknotes would have a significant impact on deposits, credits and consumption. It said that consumer demand might be front-loaded by Rs 55,000 crores. The boost in consumption came amid the circulation withdrawal, of Rs 2,000 notes, which will still be a legal tender, in effect from September.
Tags: RBI Notice, Rs 2, 000 Notes, SBI, Consumer Consumption, Indian Economy
Courtesy: Business Today
Photo: India Today
Rupee Falls By 5 Paise To Rs 82.57 Against US Dollar
The rupee fell 5 paise to close at 82.57 (provisional) against the US dollar. The fall came after the Reserve Bank kept the key interest rate unchanged. At the interbank foreign exchange, the domestic unit opened at 82.59 against the dollar, and finally settled at 82.57 (provisional), down 5 paise from its previous close amid a negative trend in domestic equities.
Tags: Rupee, Indian Economy, US Dollar, business, Indian Stock Market
Courtesy: The Press Trust of India
Photo: India Today
Indian Economy To Suffer Due To Extreme Heatwave Conditions In India
The continuing heatwaves and rise in temperature, which have taken a serious toll on Indians, are expected to lead to a major impact on the Indian economy. Notably, the scorching summers with over 40 degrees Celsius in Indian states, will now have a bad effect on the economy, leading to the worst inflation. Some of the major impacts will be on agriculture, healthcare, labor loss, and power disruption.
Tags: heatwave, Summers 2023, Indian Economy, Inflation, Health
Courtesy: India Today
Photo: India Today
Union FM Announces Key Budget 2023-2024, Details Here
Union FM Nirmala Sitharaman announces budget 2023-2024 with key announcements for agriculture, health, education and railways. Sitharaman announced libraries for students, 157 nursing colleges at core locations, new staff for Eklavya model school, Rs 2 lakh crore to be borne by centre for security needs, Rs 15,000 crore released for tribal group development mission, Rs 2.40 lakh crore for Indian Railways, Rs. 75,000 crores for railway… read-more
Tags: Budget, Union FM, Nirmala Sitharaman, Indian Economy, PM Modi Government
Courtesy: Times of India
Photo: India Today
Nirmala Sitharaman To Present 2023-2024 Union Budget Today
Union Finance Minister Nirmala Sitharaman is set to present the Union 2023-2024 Budget on February 1. This budget holds important significance as it will be the last budget of the Modi Government, ahead of the 2024 General elections. Furthermore, in 2023-2024 budget, real-estate sector, health sector and Indian tourism have expected initiatives to boost their economy in India. Moreover, middle-class people and citizens are also expecting some… read-more
Tags: Nirmala Sitharaman, Union budget, Modi Government , Industries, Indian Economy
Courtesy: Zee News India
Photo: The Economic Times
Indian Economy Expected To Slow Down To 6.1% In 2023; Says IMF
As per the International Monetary Fund (IMF), the Indian economy is expected to slow down in the next fiscal year with a projected growth of 6.1% from the previous 6.8%. On January 31, the IMF released its monthly update, which estimated global growth of 3.4% in 2022 to 2.9% in 2023, then rise to 3.1% in 2024. "we're expecting some slowdown to 6.1% in fiscal year 2023." said IMF Director.
Tags: Indian Economy, IMF, Indian government, business, Global Growth
Courtesy: The Free Press Journal
Photo: The Indian Express
US DFC To Invest $37.5 Million In Indian Businesses To Support Economy
The US International Development Finance Corporation (DFC) recently announced to invest $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more
Tags: Indian Startups, Investment, us company, DFC, Indian Economy
Courtesy: First Post
Photo: NDTV
India's Merchandise Exports Cross $400 Bn Mark Post COVID
India has achieved the target of $400 billion merchandise exports for the financial year 2021-22, as per a Tweet by PM Modi. Reportedly, India's merchandise exports stood at $298.1 billion in the financial year 2020-21. "This is a key milestone in our Aatmanirbhar journey," PM Modi Tweeted. Union Home Minister Amit Shah Tweeted, "This reflects the boost in the Indian economy post Covid".
Tags: Exports, Indian Economy, PM Modi, Aatmanirbhar Bharat, Amit Shah
Courtesy: ANI
Photo: Business Standard
CM Say's, Cow Dung, Urine Can Help India's Economy: Madhya Pradesh
Madhya Pradesh CM, Shivraj Singh Chouhan stated that cow dung and urine could strengthen the state's economy and make the country financially viable. Moreover, cow sanctuaries and shelters have been developed by the government. He further added that it could not function independently, and would require support from society. MP's crematoriums have been using … read-more
Tags: Madhya Pradesh, cow dung, Cow urine, CM Shivraj Singh Chouhan, Indian Economy
Courtesy: India Today
