by OverviewFX | Dec 2, 2024 | Industry
After India’s economy slumped to a seven-quarter low of 5.4% in the July-September quarter, much lower than consensus estimates and below the Reserve Bank of India’s 7% projection, annual growth forecasts are being scaled down. The slowdown is ringing alarm bells in...
by OverviewFX | Dec 2, 2024 | Industry
By Dharamraj DhutiaMUMBAI – The drop in India’s benchmark bond yields and swap rates signals the central bank may address weaker-than-expected economic growth by easing monetary policy, which, traders say, will likely be via a lower cash reserve ratio than...
by OverviewFX | Dec 2, 2024 | Industry
New Delhi [India], December 2 (ANI): The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India.The report also noted that the capital...
by OverviewFX | Dec 2, 2024 | Industry
By Aftab Ahmed and Swati BhatNEW DELHI/MUMBAI – India’s central bank is under increasing political pressure to cut interest rates as soon as this week, after data showed growth was much weaker than expected, but its firm focus on getting inflation down...
by OverviewFX | Dec 2, 2024 | Industry
A recent report by EY India says enhanced government spending is vital for India’s Viksit Bharat vision. EY India’s economy watch suggest the government to implement strategies to enhance tax revenues and un-lock tax resources while maintaining fiscal...
by OverviewFX | Dec 2, 2024 | Industry
~Ashish Lahoti, Chief Transformation Officer, ServiceNowAI’s impact to the Banking and Financial Services Industry (BFSI) will be profound. The industry’s entire business and operating model will undergo transformative changes. Everything is up for reimagination— from...
