Page-81 of Economy & Banking Current Affairs

India’s Retail Inflation in August 2022

September 13, 2022

India’s retail inflation has reached 7 per cent in August 2022 – well above the RBI’s comfort level of 6 per cent. Key facts India’s Consumer Price Index (CPI)-based inflation has returned to 7% in August 2022. In July 2022, ..

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Kirit Parikh Committee to moderate gas prices

September 9, 2022

The Central Government has recently constituted a committee under the chairmanship of Kirit Parikh to control and reduce the continuous increase in LPG gas prices. Key Points A representative each from private companies involved in city gas distribution, public gas ..

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Status Report on India’s External Debt 2021-22

September 8, 2022

The External Debt Management Unit (EDMU), Department of Economic Affairs, Ministry of Finance, recently released the 28th edition of the Status Report on India’s External Debt 2021-22. Highlights Long term debt: USD 499.1 billion constituted the largest chunk of 80.4 ..

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Moody’s retains India’s Baa3 rating with stable outlook

September 8, 2022

Moody’s Investors Service recently announced its decision to maintain India’s sovereign credit rating at a minimum investment grade of ‘Baa3’ and continue with its “stable” outlook on the country. Key Points According to Moody’s, India’s economic growth rate in the ..

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India set to become 3rd largest economy by 2030

September 5, 2022

Recently, State Bank of India (SBI) released a research report which states that India is likely to become the third largest economy in the world by 2029. Highlights The report said that India has gone through a major structural transformation ..

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India becomes world’s fifth-largest economy

September 3, 2022

Recently, India has overtaken the UK to become the fifth largest economy in the world. India is now behind the US, China, Japan and Germany in terms of economy. A decade ago, India was ranked 11th among the world’s largest ..

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GST revenue up 28% year-on-year in August

September 1, 2022

The Gross GST Revenue collected in the month of August 2022 is ₹ 1,43,612 crore which is 28% higher than the GST revenue of ₹ 1,12,020 crore in the corresponding month of the previous year. Highlights During the month, revenue ..

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DPIIT interactive dashboard for user associations

September 1, 2022

Recently, the Department for Promotion of Industry and Internal Trade (DPIIT) has developed a user-interactive dashboard for industry associations and trade bodies. Key Points This new digital initiative will facilitate authorized user associations to register their suggestions and issues with ..

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NSO Data on India’s GDP Rate in Q1

September 1, 2022

Recently, the National Statistical Office (NSO), Ministry of Statistics and Program Implementation released the estimates of Gross Domestic Product (GDP) at constant (2022-23) and current prices for the first quarter (April-June) of 2022-23. Key Findings In the first quarter (April-June) ..

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K Subramaniam: Executive Director (India) at IMF

August 27, 2022

Former Chief Economic Adviser of India K. Subramaniam was recently appointed as the Executive Director of India at the International Monetary Fund (IMF). He will replace Surjit S Bhalla, who was appointed as India’s executive director on the board of ..

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