The central government will have to increase the speed of spending capital expenditure by 41 per cent in the remaining months of this fiscal year to meet the capital expenditure growth targets.
This comes alongside a deceleration in the growth of receivables per card, which rose by only 0.2 per cent MoM.
However, in August, the total number of cards-in-force (CIF) grew by 0.9 per cent MoM to 105.5 million, marking a yearly growth of 15.6 per cent.
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
The Jannayak Janta Party (JJP) candidate from Dabwali assembly constituency Digvijay Chautala said on Thursday that he is learning a lot by spending time in villages while campaigning for the upcoming assembly elections.
The improved performance is attributed to multiple factors, including higher government spending on infrastructure and welfare programmes, better agricultural output, and effective marketing strategies tailored to regional needs.
Sunil NS, popularly known as Pulsar Suni, the prime accused in the high-profile actress assault case, has been released on Friday after spending seven and a half years behind bars.
Ahmedabad (Gujarat) [India], September 17: Hybrid, a leading name in the advertising technology ecosystem (AdTech) in India, officially marked its entry into the Gujarat market with the successful launch of "Ahmedabad Konnect". Hosted in partnership with Adgully, the event brought together m
New Delhi [India], September 17: As the festive season approaches, it brings along not just celebrations but also the hustle and bustle of preparing elaborate meals. For many, the kitchen becomes the center of activity, leaving little time for spending moments with family and friends. This i
Ye, the rapper formerly known as Kanye West, performed in China's Hainan on Sunday night, a development that came off as a surprise, since Beijing has long imposed a number of restrictions on speech, music and even hip-hop, leading to a huge reduction in similar performances in the country,