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Economy

India to become $5 trillion economy by FY27, corrects IMF

India to become $5 trillion economy by…

New Delhi, May 20 (KNN) Correcting a miscalculation, the International Monetary Fund (IMF) has said that India is predicted to become a USD 5 trillion…

Economist warns MSMEs working capital to worsen if inflation remains in double-digit

Economist warns MSMEs working capital to worsen…

Mumbai, May 20 (KNN) During a joint discussion by WTC Mumbai and All India Association of Industries (AIAI) on Thursday, Dr. Madhavan Kutty, Senior Economist,…

UN agency lowers India’s GDP growth projections to 6.4%

UN agency lowers India’s GDP growth projections…

New Delhi, May 19 (KNN) The UN has projected 6.4 per cent growth for India in 2022 which is slower as compared to previous year’s 8.8 per…

GST portal glitch might extend April GST filling deadline

GST portal glitch might extend April GST…

New Delhi, May 17 (KNN) Owing to the technical problems in the GST Portal, the Central Board of Indirect Taxes and Customs is likely to extend the…

CBIC Chair says tax rationalisation necessary for revenue efficiency

CBIC Chair says tax rationalisation necessary for…

New Delhi, May 13 (KNN) The Chairman of Central Board Indirect Taxes and Customs (CBIC) Vivek Johri said that tax rationalisation is necessary to ensure…

Interest rate hikes to be considered in RBI’s June meeting

Interest rate hikes to be considered in…

Mumbai, May 12 (KNN) The Reserve Bank of India (RBI) is expected to increase its inflation projection for the current financial year and consider hikes…

After PM, Piyush Goyal also asks Banks to shed lending conservatism

After PM, Piyush Goyal also asks Banks…

New Delhi, May 6 (KNN) All the key indicators such as jump in exports and high GST collection in April reflect that the country's economy is on the…

RBI raises repo rate by 40 basis points as inflation hits

RBI raises repo rate by 40 basis…

New Delhi, May 4 (KNN) In a bid to tame the rising inflation in the country, the Reserve Bank of India (RBI) has decided to raise the repo rate by 40 basis…

RBI: 12 years to overcome Covid losses, “Scars of the pandemic” report

RBI: 12 years to overcome Covid losses,…

New Delhi, April 30 (KNN) The Reserve Bank of India (RBI) expects the Indian economy to overcome losses arising out of the pandemic only by 2034-35. The…

MSME bank credit to grow at 12-14% in FY23: CRISIL

MSME bank credit to grow at 12-14%…

Mumbai, April 30 (KNN) CRISIL has projected a bank credit growth of 12-14 per cent for the micro, small and medium enterprises (MSMEs) in FY23.

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