S&P Global is a global rating agency. File | Photo Credit: Reuters S&P Global Ratings on May 29 upgraded India’s sovereign rating outlook to positive from stable while retaining the rating at ‘BBB-‘ on robust growth and improved quality of government expenditure. S&P said it could upgrade India’s sovereign rating in the next two years…
The report found that 183 million people meet the definition of unemployed. File. | Photo Credit: Thulasi Kakkat Global unemployment is set to fall slightly this year, a United Nations agency said on May 29 , reversing its previous prediction of a rise while warning of “slow progress” on tackling inequalities. The International Labour Organization…
The Reserve Bank’s Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. | Photo Credit: REUTERS Indian economy is likely to grow at 7% in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released…
Image for representation purpose only. | Photo Credit: K.R. Deepak The Minimum Support rices (MSPs) for both kharif and rabi seasons 2023-24 ensured a minimum return of 50% over the cost of production for all crops, said the Reserve Bank’s Annual Report released on May 30. The overall public stock of foodgrains as on March…
Amid the final stretch of Lok Sabha elections, onion farmers in the key producing districts of Nashik are cast their votes under the cloud of economic distress and policy dissatisfaction. | Photo Credit: B. Jothi Ramalingam In India, the rise in the price of onions has reportedly been a factor that influenced the outcomes of…
Feryal Ahmadi, the Chief Operating Officer of the Dubai Multi-Commodities Centre (DMCC). Photo: Dubai Multi-Commodities Centre/dmcc.ae The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said on May 30. India…
Revenue from artificial intelligence (AI) semiconductors globally is expected to total $71 billion in 2024, a rise of 33% from 2023, according to the latest forecast by Gartner, Inc. “Today, generative AI (GenAI) is fueling demand for high-performance AI chips in data centres,” said Alan Priestley, VP Analyst at Gartner. “In 2024, the value of…
Be it farmers in rural areas, working women in urban areas, elderly seeking temporary finance or MSME entrepreneurs looking for quick working capital, gold loans are satisfying everyone’s needs and aspirations. | Photo Credit: The Hindu Shripad Jadhav “The desire of gold is not for gold. It is for the means of freedom and benefit.”…
Eleven funds, under the Qualified Domestic Limited Partner programme, have been launched so far this year. File | Photo Credit: Reuters Global fund launches in China have hit a record as a weakening yuan and fragile economy drive demand for foreign assets, in the latest sign of low confidence among domestic investors. Eleven funds issued…
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: GIRI KVS Finance Minister Nirmala Sitharaman on May 31 said the Modi Government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than ₹10 lakh crore from bad loans between 2014 and 2023. She said the…
