The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.
Economic growth has slipped to a six-year low of 5 per cent for the June quarter and is expected to turn in lower than that in the September quarter
This is in-line with most revised estimates by government bodies, research firms and ratings agencies
Gross domestic product grew by more than a six-year low of 5 per cent in the first quarter
We see the Indian economy rebounding from our projected 6.1% growth this fiscal year to something like 7% in the next fiscal year, the IMF said
Is the growth modeling fraught with errors? If so, how can the policy makers frame policies in such a scenario?
A country like India, at the stage it is in its economic cycle, the key driver is investment, which eventually does affect consumption. And consumption is a force multiplier
In September, the collection was a little lower, as we are aware that a few sectors of the economy are posting lower growth, says Ajay Bhushan Pandey
Says the country, along with other emerging market economies, will drive global growth rebound in 2020
The first district-level study on demonetisation says full impact was not visible in official statistics
The direction is clear -- there will be more rate cuts but the pace will depend on the incoming data
The drop in the central bank's outlook is more glaring if the entire rate cut cycle is considered
India's economic growth has slumped for the fifth straight quarter to an over six-year low of 5 per cent in the three months ended June
The UN body also pointed towards challenges in meeting sustainable development goals (SDGs) at a time when private debts are rising globally
India's GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years
Earlier, their predictions were close to 6.8%, which was recorded in 2018-19
The meeting came in the backdrop of India's gross domestic product growth slumping to six-year low of 5 per cent in the April-June quarter
Almost 20 per cent of investment was made in the power sector, mainly in renewables
After the balance sheet clean-up in March 2018 and June 2019 quarters, banking sector, mainly corporate lenders, were expected to see sharp improvement in asset quality and credit cost and earnings
Besides recent corporate slippages, slowdown would impact unsecured retail loans, farm and micro finance loans, commercial real estate and NBFCs and poorly-rated corporates with risk of downgrades