India’s GDP to grow 7.4% in 2022-23: FICCI Economic Outlook Survey:Business news
Industry body FICCI in a statement on Sunday also said that according to estimates provided by the Survey participants, global growth could slow by 50-75 basis points due to the conflict, further moderating the prospects of the post-COVID-19 recovery.
“The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2022-23 at 7.4 per cent — with a minimum and maximum growth estimate of six per cent and 7.8 per cent, respectively,” the industry body stated.
India on cusp of major economic recovery; talks of stagflation ‘overhyped’: Niti Aayog VC Rajiv Kumar
India is on the cusp of a major economic recovery and talks of possible stagflation are “overhyped” as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.
Petrol, Diesel Prices Hiked Again, Delhi Rates Up By ₹ 8 In 13 days:News
Petrol and diesel prices were on Sunday again hiked by 80 paise a litre each, taking the total increase in rates in less then two weeks to ₹ 8 per litre.
Petrol in Delhi will now cost ₹ 103.41 per litre as against ₹ 102.61 previously, while diesel rates have gone up from ₹ 93.87 per litre to ₹ 94.67, according to a price notification of state fuel retailers.
Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.
HDFC Bank loans grow by 21% y-o-y, deposits by 17%:News
Deposits grew by 17 percent on a year on year basis to Rs 15.59 lakh crore as on March 31. On a quarter- on- quarter basis, deposits grew by 7.8 percent, the bank said in a business update.
As per the bank’s internal business classification, retail loans grew by around 15 percent over March 31, 2021 and around five percent over December 31, 2021.
Further, commercial and rural banking loans grew by around 30.5 percent over March 31, 2021 and around 10 percent over December 31, 2021. Also, corporate and other wholesale loans grew by around 17.5 percent over March 31, 2021 and around 11.5 percent over December 31, 2021.
Vodafone Idea introduces two new prepaid plans with 30 days and 31 days validity:News
After Reliance Jio and Airtel, telecom operator Vodafone Idea has now introduced prepaid plans with a validity of 30 and 31 days. The new development comes months after TRAI asked the telecom operators to include at least one prepaid plan that has the validity of 30 and 31 days.
The plans that renew on the same date are called the Calendar Month Validity plans. If you opt for a calendar month prepaid plan, you can recharge your number in one go and the plans will get queued up.
Amazon Pay is working with NPCI to further simplify the UPI experience:News
Amazon Pay is among the top digital payments mode preferred by Indians with a large service area including recharges, money transfers, digital payments, ticket bookings acceptable across cities, towns and villages but still the UPI ecosystem has miles to go as Indians prefer cash over other modes of payments.
Amazon Pay is working to address the gap and challenges with its services such as BNPL to get more people onboard this digital fin-tech revolution.
Union Minister Piyush Goyal on Sunday took an interesting take on India’s economy. “I feel India’s economy is also breaking record after record”, the union minister said at a press conference.
During a press conference, the Union Minister for Commerce said that India’s economy is also breaking ‘record after records’ as India’s export figure reached $418 bn for Financial Year 2021-22.