Americans increased their spending in April at the fastest pace in four months, bolstered by a solid gain in incomes. The strong results underscored expectations that the economy is poised to rebound after a lackluster start to the year. Consumer spending rose 0.4 percent in April after a 0.3 percent rise in March, the Commerce […]
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Monsoon in India: South-west monsoon is set to hit Kerala today even as the Indian Meteorological Department said that conditions are favourable for onset of the rainy season in India. While south Kerala has already started receiving rains, northern part of the state will get more from today onwards, accoding to PTI report. Earlier, the […]
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GDP growth is expected to slow to 7.2 per cent in January-March from 7.6 per cent in the preceding quarter, but recovery is on the cards due to easier financial conditions, says a report. According to Japanese financial services major Nomura, demonetisation effect is expected to slow GDP growth to 7.2 per cent in the […]
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World Bank expects India, the fastest growing major economy in the world, to grow at 7.2 percent in the current fiscal and further up to 7.7 per cent by 2019-20 on strong fundamentals, reform momentum and improving investment scenario.“Economic activity ought to accelerate in 2017-18. GDP is projected to grow at 7.2 per cent from […]
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Standard & Poor’s is likely to follow its regular ratings review schedule for China and does not see any basis at this point for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday. Moody’s Investors Service last week cut its sovereign ratings on China by a notch, putting them […]
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Goods and Service tax (GST) implementation will have a modest impact on the CPI inflation, ICRA said on Monday. It also added that Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) will keep the repo rate unchanged in the upcoming policy review in June 2017 on the back of progress of monsoon and GST […]
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India’s GDP numbers for the fiscal 2015-16 and 2016-17 are expected to be revised to 8.3 per cent and 7.6 per cent, respectively, because of new IIP and GDP series, says a report. According to SBI’s research report Ecowrap, the GDP numbers scheduled to be released on May 31, is expected to be “pleasant affair” […]
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Stock markets in Asia were subdued in holiday-thinned trading Monday as investors hunkered down ahead of a raft of economic data later this week that will provide fresh insight into the world economy. Japan’s benchmark Nikkei 225 index rose 0.2 percent to 19,726.55 and South Korea’s Kospi added 0.5 percent to 2,367.89. Hong Kong’s Hang […]
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We see the goods and services tax (GST) rate fitment as a key and perhaps the last crucial milestone achieved in the roll-out of the tax regime. In this note, we analyse the new GST rates for various products (and the likely benefits for various sectors/companies). We believe that while corporates would pass on the […]
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Foreign investors have pumped in nearly USD 4 billion in the country’s capital market so far this month due to finalisation of GST rates for bulk of the items and stable outlook for the rupee. Interestingly, most of the funds have been invested in the debt markets by the foreign portfolio investors (FPIs). According to […]
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