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New Delhi, Apr 9 (PTI) The World Bank has marginally raised India's growth projections for 2026-27 fiscal to 6.6 per cent and said that although GST rate cuts would boost consumer demands in the initial months of the fiscal, headwinds arising from the Middle East crisis could dent growth. The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody's Ratings. In its South Asia Economic Update report released on Wednesday, the World B ...Read More >
Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
New Delhi: Moody's Ratings has lowered India's GDP growth forecast for FY27 to 6 per cent from 6.8 per cent earlier, citing the economic fallout of the ongoing West Asia conflict. In its latest credit opinion, Moody's warned that prolonged disruptions, especially in liquefied petroleum gas (LPG) supplies, could trigger household shortages, raise fuel and transport costs, and spill over into food inflation due to India's dependence on imported fertilisers. The region accounts for nearly 55 per ...Read More >
New Delhi: Global rating agency Moody's Ratings slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 percent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks as well. "While inflation remains contained for now, geopolitical risks have tilted the inflation outlook to the upside," Moody's said in its credit opinion report on India, while projecting inflation to average 4.8 per cent in FY27, up from 2.4 per ...Read More >
New Delhi: Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6 per cent from 6.8 per cent earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imp ...Read More >
New Delhi, Nov 14 (PTI) India's adoption of Artificial Intelligence (AI) in the justice system remains human-supervised, ethically guided and privacy-conscious, Union Minister of State for Law and Justice, Arjun Ram Meghwal said on Friday. The minister made the comments at the 10th OECD Global Roundtable on Equal Access to Justice, held in Madrid during the Justice Leaders Dialogue on the theme "Data-driven and resilient justice systems for shared prosperity. "India's adoption of AI in the jus ...Read More >
MUMBAI: Growth for the Indian economy is projected to remain resilient amid global uncertainties and the outlook for inflation has been revised downwards, opening up policy space for further supporting growth, a report by RBI said."The Indian economy displayed resilience amid broader global uncertainty and weak external demand," said RBI's state of the economy report released on Monday. It noted that "global uncertainty has edged up" and that "trade tensions have started to simmer yet again".Acc ...Read More >
New Delhi [India], October 20 (ANI): Top business leaders from across the Asia-Pacific region are set to gather in Gyeongju, North Gyeongsang Province, South Korea, later this month for the APEC CEO Summit 2025, as per a report by Pulse, the English service of Maeil Business Newspaper Korea. As per the report, a high-profile business forum held in the run-up to the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit slated for October 31 to November 1. Also Read | Diwali 2025: Apple CEO T ...Read More >
The Reserve Bank of India has appointed Sonali Sen Gupta as its new Executive Director, effective October 9, 2025. With over three decades of experience at the central bank, Sen Gupta will now lead crucial departments including Consumer Education and Protection, and Financial Inclusion. The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED), with effect from October 9, 2025. The announcement was made through an official press release by the RBI. Earli ...Read More >
New Delhi, Sep 23 (SocialNews.XYZ) The Organization for Economic Cooperation and Development (OECD) on Tuesday raised India's GDP growth by 40 bps to 6.7 per cent in 2025 from its earlier projection of 6.3 per cent in June -- driven by strong domestic demand and robust GST reforms. The OECD's latest 'World Economic Outlook' mentioned that in India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to be supported by monetary and fiscal policy easing, "incl ...Read More >
New Delhi [India], September 8 (ANI): India and Israel have signed a new Bilateral Investment Agreement (BIA) aimed at strengthening reciprocal investments and expanding economic cooperation between the two nations, according to an official statement by Israel Ministry of Finance. At the center of the visit, Israel Minister of Finance Bezalel Smotrich and India Finance Minister Nirmala Sitharaman signed the agreement in New Delhi on Monday. The statement noted that Israel has become the first O ...Read More >
New Delhi: A new Bilateral Investment Agreement, signed by Israel's Minister of Finance Bezalel Smotrich and India's Finance Minister will facilitate reciprocal investments between investors from both countries. Israel is the first OECD member state with which India has signed this strategic agreement, in accordance with India's new model for investment treaties. A delegation of senior officials from the Ministry of Finance, led by Minister Bezalel Smotrich, is currently visiting India to promo ...Read More >
Despite US President Trump's "dead economy" remark, international agencies like the IMF project India as the fastest-growing major economy. Experts highlight India's dynamic economy, youthful population, and technological prowess, attracting foreign investment and talent. The IMF commends India's prudent policies and forecasts strong growth for 2025 and 2026, supported by other global institutions. With leading international agencies, including IMF, continuing to project India as the fastest-gr ...Read More >
Mumbai : "India is not just experimenting with outcome-based financing -- we are institutionalizing it to build a resilient, inclusive skilling ecosystem. Models like the Skill Impact Bond and Project AMBER demonstrate how public funds, philanthropic capital, and private investment can come together to drive measurable social impact at scale," said Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State, Ministry of E ...Read More >
Mumbai, July 1 (SocialNews.XYZ) The remittances sent back home by Indians working abroad have registered a 14 per cent rise in the financial year 2024-25 to a record $135.46 billion, according to data compiled by the RBI. The RBI said the inflows, classified under "private transfers", accounted for more than 10 per cent of India's gross current account flows of $1 trillion in FY25. Personal transfer receipts, mainly representing remittances by Indians employed overseas, rose to $33.9 billion i ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
Mumbai: Even as global economic risks mount, India continues to stand out as a key engine of global growth on the back of strong domestic fundamentals and a resilient financial system, RBI governor Sanjay Malhotra said in the central bank's financial stability report."In a world of increasing uncertainty, India remains a key driver of global growth," Malhotra said, highlighting the country's robust demand, prudent policymaking, and macroeconomic stability. While external shocks and climate-relat ...Read More >
New Delhi: US President Donald Trump abruptly froze trade talks with Canada this week because Ottawa plans to begin collecting a digital tax from big technology companies, including American giants like Google, Amazon, Meta and Uber. Trump did not hold back. In a post on his Truth Social platform, he called the tax a "direct and blatant attack on our country". He said the United States would respond within days with fresh tariffs on Canadian goods. The move did not come out of nowhere. Quietly ...Read More >
Thane, Jun 29 (PTI) Police have arrested a 30-year-old fruit seller for illegally possessing two country-made pistols in Maharashtra's Thane district, an official said on Sunday. Acting on a tip-off, the police's anti-extortion cell raided the man's premises at Bandarpada locality in Kalyan area on June 25, assistant police inspector Sunil Tarmale said. The police seized two country-made pistols and a live cartridge, valued at Rs 1.05 lakh, from the fruit seller, who had two previous criminal ...Read More >
New Delhi [India], June 29 (ANI): US-parented companies will be exempted from certain elements of an existing global tax agreement according to a statement released by the Group of Seven countires which detailed the new proposal signed by the United States and its G7 partners. The agreement will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home, on both domestic and foreign profits, the G-7 said, in a statement released by Canada, which holds th ...Read More >
A last round of negotiations on a legally binding treaty to address the global scourge of plastic pollution has opened in Busan, South Korea. Here's what to know about it: National delegations still have a lot to hammer out before there is a treaty. Most contentious is whether there will be a limit on the amount of plastic that companies are allowed to produce. Led by Norway and Rwanda, 66 countries plus the European Union say they want to address the total plastic on Earth by controlling ...Read More >
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