Rising crude oil and energy prices due to the Ukraine-Russia standoff may slow global growth. While the West hits sanctions on Russia, crude oil prices are about to reach $100 a barrel. Rupee to reach 80 a dollar MD and Chief Strategist at JM Financial Institutional Securities Dhananjay Sinha shares with Moneycontrol that the Indian […]
A new equity fund for start-ups set up by the govt would provide additional capital support to entrepreneurs. The govt would also be a 20% limited partner in the equity fund. Furthermore, Minister of State of Electronics and IT Rajeev Chandrasekhar said private fund managers would manage the corpus. Govt creates equity fund for start-ups […]
On February 18, India and UAE are likely to sign a free trade agreement. The agreement gives both countries duty-free access to several products from various sectors. Prime Minister Narendra Modi would host a virtual summit on February 18 with Deputy Supreme Commander of the UAE Armed Forces and Crown Prince of Abu Dhabi, Sheikh […]
On Monday, Minister of State of Finance, Pankaj Chaudhary, said that India’s GDP reckoned to grow at 9.2%. In 2021-22 the estimated GDP will grow 9.2% to Rs 147.5 lakh crores. Chaudhary also said in a written reply to a query in the Lok Sabha that the government implemented various significant reforms in recent years […]
According to MSME Minister Narayan Rane, the SRI fund will benefit 5,000 MSMEs. In May 2020, Finance Minister Nirmala Sitharaman announced it would make equity investments in MSMEs growth once the fund is operational. Furthermore, the SRI fund Fund will operate under the mother-fund and daughter-fund structure. It will also be listed on stock markets […]
There is visible evidence that the recovery of Indian economy is becoming wider in the third quarter of 2022 as per recent report by rating agency Investment Information and Credit Rating Agency of India (ICRA). ICRA states that it expects the GDP to increase 6-6.5 percent in the third quarter of 2022 (Q3 of FY22) but […]
World Bank has estimated an 8.3% growth in the Indian economy in FY22 and 8.7% in FY23. Compared to India’s immediate neighbours, the Indian economy rate is more vigorous. Indian Economy Grows at 8.3% in FY22 The Global Economic Prospects report expects the Indian economy to grow at 8.3%. The forecast also predicts for FY […]
Reliance Industry’s chairman Mukesh Ambani speaks about upcoming leadership transitions within his enterprise’s telecom business and energy sector. On this year’s Reliance family Day, the chairman poured some light onto the succession plans of India’s one of the most valuable companies Mukesh Ambani’s words during this year’s Reliance Family Day surprised the world. As he […]
The Department of Economic Affairs India has released a monthly economic report for April-June quarter (Q1) FY 2021-2022. Despite a more brutal second wave India sees resilient v-shaped recovery. Having posted an almost 180 degree turn around from a sharp contraction in Q1 of FY 2020-21, to recover more than 90 per cent of the pre-pandemic […]
India’s Increasing Unemployment Crisis due to Covid-19
India’s unemployment crisis has increased due to Covid-19. According to the Centre for Monitoring Indian Economy and International Labour Organisation, the unemployment crisis has existed for six years. Furthermore, India’s youth is frustrated with the job crisis and opting to migrate to Canada. Last month India’s unemployment rate slumped to 7.9% from a 23.5% peak […]