A sovereign rating upgrade for India in the next 24 months is possible if the central government is able to prudently manage its finances and bring down fiscal deficit to 4% of GDP, an S&P Global Ratings official said on July 3. | Photo Credit: PTI A sovereign rating upgrade for India in the next…
Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….
With prices rising 17.14% in May, pulses have now completed a year of over 10% inflation. File | Photo Credit: The Hindu India’s consumer price inflation eased a tad from 4.83% in April to a one-year low of 4.75% in May, but food price rise remained unchanged at 8.7%, with urban households facing a sharper…
People disembark from a ferry at the Pansodan jetty in Yangon, Myanmar on Nov. 12, 2021. Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods. File | Photo Credit: AP Myanmar, once a thriving emerging economy, is struggling to regain momentum as the…
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference in Washington, DC. | Photo Credit: Getty Images via AFP The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March…
Bharatiya Janata Party (BJP) leader Nirmala Sitharaman arrives to assume charge as the Union Finance Minister, at the Ministry of Finance in New Delhi on June 12, 2024. | Photo Credit: ANI The Centre has decided to convene a meeting of the Goods and Services Tax (GST) Council on June 22, eight-and-a-half months after its last…
Image for representation | Photo Credit: Reuters India’s services sector growth quickened in June from May’s five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in…
Sanjiv Puri, Chairman and Managing Director, ITC Ltd, and President of CII, addresses a press conference, in New Delhi on June 13, 2024. | Photo Credit: ANI Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth estimated…
In the last 12 months, Mumbai witnessed a 11.5% rise in luxury real estate prices, reaching the third spot globally, after Manila and Tokyo. Delhi’s prime residential prices soared by 10.5% in the last year, finding fifth spot on property consultant Knight Frank’s prime global cities index, which is ranked as per annual percentage change…
Food prices rose 1.14% over April levels. Image used for representative purpose only. | Photo Credit: K. Murali Kumar Inflation in India’s wholesale prices accelerated to a 15-month high of 2.61% in May, more than double April’s pace, with food inflation surging to a 10-month peak of 7.4% driven by steeper prices for vegetables, fruits,…
