Mumbai (Maharashtra) [India], December 7 (ANI/Vicara PR): Credent Asset Management Services Pvt Ltd, an associate of Oracle Credit Limited, today announced that it has completed the acquisition of 49 per cent stake of Essel Finance Advisors and Managers LLP (EFAM). The acquisition is part of
The event, which runs from December 5 to 7 in Geneva, takes place as a wave of global crises has led many developing countries to take on more debt to address the needs of their populations.
That puts its inflows far ahead of Mexico (USD60 billion), China (USD51 billion), the Philippines (USD38 billion), Egypt (USD32 billion) and Pakistan (USD29 billion), positioning the country to retain its spot as the world's top recipient of remittances. Such foreign remittances make up almo
India will formally assume the G20 presidency starting today, thereby beginning a unique opportunity for the country to contribute to the global agenda on pressing issues of international importance. India also assumes the monthly rotating Presidency of the UNSC from today.
India's growth estimates, which were to the north of 8 per cent or even 9 per cent at the beginning of the year, have come down to between 6.8 per cent and 7 per cent, because global growth has slowed down and monetary tightening is still underway in the developed world, the CEA said.
According to the provisional estimates released by National Statistical Office (NSO) on Wednesday, the GDP for the preceding April-June quarter (Q1) of 2022-23 saw a 13.5 per cent growth.
The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation will come out with the data on the quarterly estimates.
G-20 is the premier forum for international economic cooperation representing around 85 per cent of the global GDP, over 75 of the worldwide trade, and about two-thirds of the world population, according to Prime Minister's Office (PMO) release.
She said, "In 2021-22, the economic growth rate of Madhya Pradesh was 19.74 percent, which is the highest in the country. Madhya Pradesh's efforts towards fulfilling the target set by the Prime Minister Narendra Modi to make the country's economy 5 trillion dollars by 2025 are commendable."
S&P Global Ratings on Monday 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.