India’s GDP outperformed expectations with a 7.8% increase in Q4FY24, leading to an annual growth rate of 8.2% for FY24, as reported by the National Statistical Office (NSO). This growth, which is higher than the previous fiscal year’s 7%, was fueled by strong performance in manufacturing and construction sectors, and a rise in mining activities, […]
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The pharmaceutical sector in India experienced an 8% growth in revenue during FY24, according to a recent IQVIA report. Sudarshan Jain from the Indian Pharmaceutical Alliance (IPA) predicts the chronic market will continue to grow in double digits over the next 3-5 years. However, the report indicates a 54% decline in new product launches in […]
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The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive requiring insurers to expedite the approval of cashless claims, setting a strict three-hour deadline. This regulation is part of IRDAI’s broader effort to improve the health insurance system in India, emphasizing customer satisfaction and transparency. The circular also encourages insurers to broaden […]
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Students should limit their education loans to essential expenses. Banks provide a moratorium on education loan repayments, typically lasting up to a year post-graduation or six months after employment, whichever comes first. During the moratorium, interest accrues, so servicing the interest can reduce overall costs. Paying extra towards the principal also lowers the total interest. […]
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Note Paraphrased: In the forthcoming MPC session, the RBI is projected to maintain the current key lending rates, marking the eighth successive instance, as the economy grapples with food inflation and erratic climatic conditions. The RBI’s meeting from June 5-7 will consider various factors influencing its decision-making process. The repo rate has been steady at […]
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The market is on the edge of a tense standoff between optimistic and pessimistic forces next week as election excitement reaches a critical point. Foreign portfolio investors (FPIs) have taken the most significant net short positions in index futures ever recorded, while retail and high net-worth investors (HNIs) show an all-time high bullish stance in […]
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In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight decrease from the 20.2% growth observed the previous month, according to the RBI’s latest credit deployment data. When not considering the HDFC merger, the credit uptake increased by 15.3%. Credit provided by banks to agriculture and related […]
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Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between $7 and $7.5 billion the year after, thanks to improved operations across its various sectors. Ajay Goel, the Chief Financial Officer of Vedanta Limited, stated […]
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Fiscal deficit in April constitutes 12.5% of the FY25 goal; RBI’s significant dividend offers fiscal flexibility. India’s fiscal deficit for the previous financial year was reported at 5.6% of the GDP, which is lower than the revised estimate of 5.8%, attributed to higher-than-expected revenue and reduced spending. The initial budget estimate for FY24 was set […]
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New standards have led to increased production in electronics, toys, and textiles. The implementation of Quality Control Orders (QCOs) and Compulsory Registration Orders (CROs) has positively influenced the Indian economy by promoting local manufacturing and enhancing research and development expenditures, as per a trade policy think tank’s analysis. The 2012 CRO application on electronics and […]
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