Congress MP Pramod Tiwari criticized the opposition, stating,"...Even the BJP doesn't have two-thirds seats in the Lok Sabha or Rajya Sabha... I don't understand on what basis Ram Nath Kovind is saying that the GDP will grow by 1.5% (by One Nation One Election). I know him well. He is not an
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individ
Singapore, December 10: The Mastercard Economics Institute (MEI) has released its annual economic outlook for 2025, forecasting continued growth for Asia Pacific aligned with 2024 levels, while lower inflation and easing interest rates are set to provide relief to consumers and households. T
Karnataka Minister Santosh Lad has hailed the state's progress, stating that it has emerged as a leader in economic growth, recording an impressive 10 per cent GDP growth compared to the national average of 8.2 per cent.
The Organisation for Economic Co-operation and Development (OECD) stated that Austria's economic activity is projected to recover slowly from a two-year contraction, with GDP growing by 1.1 per cent in 2025 and 1.4 per cent in 2026.
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.
"As a result, the Standing Deposit Facility (SDF) rate remains at 6.25 per cent, and the Marginal Standing Facility (MSF) rate, along with the Bank Rate, stays at 6.75 per cent," Das added.
The downgrade comes after the growth slowdown in the quarter ending September 2024. India's GDP growth slowed to 5.4 per cent year-on-year (YoY) in the July-September quarter of 2024, marking its lowest level since March 2023.