News related to business and economy
The Asian Development Bank in its 2018 Asian Development Outlook released on April 11, 2018 raised its 2018 economic growth estimate for developing Asia from 5.8 percent to 6.0 percent citing solid export demand. However it pointed out that the U.S. protectionist measures and any retaliation against them could undermine trade in Asia. Further the […]
Fitch, one of the top three credit rating agencies of the world has kept (27 April 2018) India’s sovereign rating unchanged at BBB-, the lowest investment grade for the 12th year with stable outlook. Despite giving a stable outlook, it has praised the implementation of the Goods and Services Tax (GST) in India, expressing hope […]
A credit rating agency (CRA) is a company that rates debtors on the basis of their ability to pay back their interests and loan amount on time and the probability of them defaulting. These agencies may also analyse the creditworthiness of debt issuers and provide credit ratings to only organisations and not individuals consumers. The […]
The Indian economy is currently growing at about 7%, after dipping below 6% following demonetisation. It is projected to grow over 7% this year. That is faster than China’s growth rate and makes India effectively the fastest-growing economy in the world. The Indian economy’s foundations have also been strengthened in the last few years. Inflation […]
International Monetary Fund (IMF) has predicted (April 17) that India would be the fastest growing major economy in the world again in 2018. According to the IMF, GDP growth of India is estimated to be 7.4 percent in 2018 and 7.8% in 2019. Since the Chinese economy is cooling and estimated by the Chinese government […]
In a recent interview with CNBC-TV18, Raghuram Rajan, the former RBI governor who left the office in 2016, has said that 7.5% growth rate is not enough for employing 12 million people in the country. India had slumped to a three year low of 5.7% in the first quarter of FY18, but disruptions caused by […]
In the Union Budget Estimate 2018-19, most schemes have been bolstered, but some have been cut. Pradhan Mantri Krishi Sinchai Yojna INCREASED Revised Estimate, 2017-18 Budget Estimate, 2018-19 Change Rs 7,392 crore Rs 9,429 crore 27.56% Pradhan Mantri Gram Sadak Yojna INCREASED Revised Estimate, 2017-18 Budget Estimate, 2018-19 Change Rs 16,900 crore Rs 19,000 crore […]
Bitcoin is one of the most popular versions of crypto currency. Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Bitcoin was invented by Satoshi Nakamoto in 2009. Bitcoins are completely virtual coins designed to be ‘self-contained’ for their […]
The Reserve Bank of India announced its 6th bi-monthly monetary and credit policy on January 06, 2018. It kept the key policy rate unchanged at 6 percent for the third consecutive time in view of firming inflation. The Reserve Bank of India’s monetary policy committee on Wednesday decided to maintain status quo on the policy […]
Unprecedented Crash India’s stock markets fell from its never seen peak on February 06 as panic in global markets triggered a sell-off at Dalal Street with Sensex crashing 1,003 points and Nifty erasing as much as 371.4 points in the opening trades. A market-wide sell-off pattern was observed in the Indian equities as the US benchmark […]