RBI extends UPI credit line linking to Small Finance Banks, introduces an AI ethics framework, and launches AI-driven fraud detection to strengthen the financial system.
06 December,2024 12:31 PM IST | New Delhi
The Reserve Bank of India maintains the repo rate at 6.5 percent and revises GDP growth for FY25 down to 6.6 percent. Inflation forecast is raised to 4.8%.
06 December,2024 10:54 AM IST | New Delhi
Morgan Stanley has revised India’s GDP growth forecast for FY25 from 6.7 percent to 6.3 percent, citing a slowdown in the July-September quarter. However, signs of recovery in October and November indicate a rebound in the latter half of the fiscal year
03 December,2024 12:36 PM IST | Mumbai
India's GDP growth dropped to 5.4 percent in Q2 FY25, primarily due to a manufacturing-led slowdown, with full-year growth expected to fall below 6.5 percent, as per an SBI report
30 November,2024 09:26 AM IST | New Delhi
Forex traders said the dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while the GDP data released by the government later in the day adversely impacted the currency market, toppling the local unit to its record low
29 November,2024 09:23 PM IST | Mumbai | mid-day online correspondent
Bank of Baroda’s report highlights India’s resilience in handling current rupee challenges, citing strong macroeconomic fundamentals, controlled deficits, and robust foreign exchange reserves.
18 November,2024 08:44 AM IST | New Delhi
Bank of Baroda projects India’s GDP growth at 6.9 percent for Q2 FY25, citing strong domestic demand and positive economic indicators. The festive season and increased government spending are expected to support sustained growth, though inflationary pressures may affect future policy decisions.
12 November,2024 12:37 PM IST | New Delhi
SBI projects India's GDP growth at 6.5 percent for Q2 FY25, with a positive outlook for the second half, potentially bringing annual growth closer to 7 percent. Rural demand is expected to drive recovery.
06 November,2024 11:12 AM IST | New Delhi
Amid the election drama, South Indian states noticed the injustice in the allocation of central funds, despite their significant contribution to India's GDP growth.
23 July,2024 11:40 AM IST | Mumbai | Krishna Prasad
FICCI said that the median growth forecast for agriculture and allied activities will likely be at 3.7 per cent for 2024-25.
18 July,2024 12:40 PM IST | Delhi | ANIADVERTISEMENT
