LiveWorld Bank Notices Growing Risk of Global Recession in 2023
On Thursday, the World Bank said that the world is likely to witness a global recession as central banks across the globe simultaneously hike interest...
Category : ECONOMY
Crude Oil Falls 3% on Demand Concerns, Strong Dollar
On Thursday, brent crude oil slipped 3% as expectations of weaker demand and a strong US dollar ahead of a potentially large interest rate gain...
US Import Prices Plunge for Second Straight Month in August
US import prices dropped for a second straight month in August, weighed down by decreasing costs for petroleum products and a strong dollar. On Thursday,...
Fitch Slits India’s GDP Growth Forecast to 7% in FY23
Fitch Ratings has reduced its growth forecast for the current fiscal year to 7% from the previous estimate of 7.8%. The rating agency also cut...
India Industrial Production Slows To 2.4% In July
In July, India’s annual growth of industrial production was 2.4 per cent, per data released by the National Statistical Office. In the year 2021, the...
RBI Releases’ Alert List’ of 34 Entities Barred from Forex Trades
Reserve Bank of India has released a list of certain electronic trading platforms conducting foreign exchange transactions. This list (called ‘Alert List’) makes them unauthorised...
India Commits to Privatisation, Bank Reforms: FM Sitharaman
The Government of India has stanched to privatise State-owned Enterprises and push banking sector reforms, Finance Minister Nirmala Sitharaman says. The Initial Public Offering (IPO)...
Rise in Service Exports 20.2% to $23.26 Billion in July- RBI Data
On Thursday, the Reserve Bank of India (RBI) data unconfined that India’s Services Exports augmented by 20.2% yearly to $23.26 billion in July. Markedly, the...
Gold Drops Below $1,700 Against Stronger Dollar, Interest Rate Hike Bets
Gold prices fell below the key $1,700 level for the first time since July on Thursday, as a stronger dollar and expectations of aggressive interest...
India August Manufacturing PMI Robust at 56.2
In August, India’s manufacturing activity continued to grow robustly, led by a pick-up in demand amid softening input cost inflation. In July, inflationary pressures eased...