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Budget 2024: The Indian middle class expected more

From 35,000 feet, the Budget 2024 story is this: The government will continue to tax the top 10% of the population heavily

Mumbai, Jul 23 (ANI): People watch the live telecast of Union Budget 2024-25 presentation by Union Finance Minister Nirmala Sitharaman at the Parliament House on a display screen, outside the Bombay Stock Exchange (BSE) in Mumbai on Tuesday. (ANI Photo) (Sandip Mahankal)
Updated on Jul 24, 2024 12:12 PM IST
ByMonika Halan

6.5 to 7% growth forecast in cautious eco survey

Economic Survey projects India's GDP growth at 6.5-7% for 2024-25, flags concerns like China investments, inflation targeting, job creation, and AI impact.

Chief economic advisor V. Anantha Nageswaran addresses a press conference after the Economic Survey 2023-24 was tabled in Parliament by Union finance minister Nirmala Sitharaman on Monday. (PTI)
Updated on Jul 23, 2024 05:53 AM IST
ByRajeev Jayaswal, New Delhi

India's natural rate of interest now at 1.4%-1.9%, says RBI bulletin

The RBI said, “The estimate of the natural rate for Q4 2023-24 is at 1.4-1.9% as compared with our earlier estimate of 0.8-1.0% for Q3 2021-22.”

Reserve Bank of India (RBI) Governor Shaktikanta Das is seen. (PTI)
Updated on Jul 18, 2024 05:24 PM IST

IMF raises India’s FY25 growth forecast upward to 7%

IMF raises India's growth forecast for FY25 to 7 per cent, expects 6.5 per cent growth in FY26.

A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting.(Reuters)
Updated on Jul 16, 2024 07:33 PM IST
By | Edited by Mallika Soni

Banks must hear out loan defaulters before declaring accounts 'fraud': RBI

The RBI says that banks cannot unilaterally declare an account as fraud without providing the defaulter the right to be heard.

Banks will now have to issue a show-cause notice to fraudulent entities with complete details of the fraud, the Reserve Bank of India said. (Reuters)
Published on Jul 15, 2024 06:35 PM IST
Reuters |
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