Economy

SEBI Releases Uniform Format for OTC Trades In Non-Convertible Securities

Capital markets regulator SEBI came out with a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities.  Buy Prime Test Series for all Banking, SSC, Insurance & other exams Why This Development: The development comes after Sebi observed that information on OTC trades...

S&P Lowers India GDP Growth Forecast by 30 bps to 7% For 2022-23

S&P Global Ratings cut India’s economic growth forecast for the current fiscal year ending March to 7 per cent as against 7.3 per cent projected earlier. S&P has also cut the growth forecast for 2023 to 6 per cent from...

India’s Current Account Deficit Pegged at 3-3.2% of GDP in FY23

Robust domestic economic activity and an uptick in oil import bills, India’s current account deficit is expected to be 3-3.2 per cent of gross domestic product (GDP) for FY23, according to Chief Economic Advisor (CEA) V Anantha Nageswaran. Buy Prime Test Series for all Banking,...

India’s Unemployment Rate Eases to 7.2% in July-September 2022

Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said. Buy Prime Test Series for all Banking,...

Ministers’ Panel May Recommend 28% GST on Online Gaming

The panel of state finance ministers is likely to recommend a uniform GST levy of 28 percent on online gaming irrespective of whether it is a game of skill or a game of chance. Buy Prime Test Series for all...

CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%

CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously. The credit rating agency said this is primarily because the slowdown in...

OECD Cuts India Growth Rate Forecast to 6.6 % in 2022

The Organisation for Economic Co-operation and Development (OECD), cut its gross domestic growth forecast for India for the current financial year (FY23) to 6.6 per cent from 6.9 per cent, citing higher medium-term global uncertainty and slowing domestic economic activity....

Goldman Sachs Slashes India’s GDP Forecast for 2023 to 5.9%

Goldman Sachs Group Inc. sees India’s economic growth slowing next year, citing a hit to consumer demand from higher borrowing costs and fading benefits from pandemic reopening, while lowering its growth forecast. Gross domestic product (GDP) may expand by 5.9%...

Wholesale Price Index Inflation in October Eases to 8.39 %

Wholesale price-based inflation eased in October to 8.39 per cent year-on-year, compared to 10.70 per cent in September, helped by a fall in commodity prices. Declining for the fifth consecutive month, that Wholesale Price Index (WPI) reading is the lowest...

Retail Inflation Eases to 6.77% in October

India's retail inflation, which is measured by the Consumer Price Index (CPI), fell to a three-month low of 6.77% in October, down from 7.41% in September, due to weaker food price rises and a strong year-on-year base. Buy Prime Test...