Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth
States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty on fuel has been cut, SBI Research said in a report
Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor
While the mean female marriage age in India is already above 21 years, about 35% of are married before then, with the current legal limit at 18 years, according to SBI
Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad
The direct spending by the centre, on Thursday's announcements will include Rs 3,500 crore that the centre will spend on providing free foodgrains to 80 million migrants
FY20 growth projections retained at 5% in the second advance estimates. The official Q3 GDP data showed that the impact of a global slowdown and weak manufacturing continued to weigh on the economy
The government must spend the funds on activities like infrastructure development. There is nothing wrong in this -in fact, there is precedent for this type of spending and the government and the regulators can take solace from that