Daily Archives: June 13, 2023

Retail inflation drops to over a 2-year low at 4.25% in May India’s retail inflation has decreased to a 25-month low of 4.25% in May due to falling food prices, which is in line with the predictions of economists. This brings the consumer price index-based (CPI) inflation closer to the Reserve Bank of India‘s medium-term …

Continue reading “Retail inflation drops to over a 2-year low at 4.25% in May”

₹1.2 Trillion Released as Third Tax Devolution to States by Govt The Ministry of Finance announced that the Central government had provided the state governments with the third instalment of tax devolution worth a total of ₹1,18,280 crore. Andhra Pradesh received ₹4,787 crore, while Arunachal Pradesh was given ₹2,078 crore. Assam, Bihar, Chhattisgarh, and Gujarat …

Continue reading “₹1.2 Trillion Released as Third Tax Devolution to States by Govt”

Moody’s Investors Service has forecasted a growth rate of 6-6.3% for India’s GDP in the June quarter. While this estimate is lower than the Reserve Bank of India’s projection of 8% for the first quarter, Moody’s remains cautious about fiscal slippage due to weaker-than-expected government revenues. Despite these concerns, Moody’s acknowledges India’s credit strengths, including …

Continue reading “Moody’s Projects 6-6.3% GDP Growth for India in June Quarter, Flags Fiscal Risks”