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S&P keeps India’s economic growth forecast unchanged at 6% in FY24

March 27, 2023March 27, 2023cpooldigitalLeave a Comment

Photo used for representational purpose only. S&P expected the Reserve Bank of India to raise its already high policy rate further following a recent upside surprise to inflation. File | Photo Credit: Sushil Kumar Verma S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6% in the fiscal year starting […]

No Opposition front is possible without Congress: Jairam Ramesh

March 19, 2023March 19, 2023cpooldigitalLeave a Comment

No Opposition front to take on the BJP is possible without the Congress and if a coalition is formed for the 2024 general elections, the party will have a central role in it, senior Congress leader Jairam Ramesh has said. In an interview with PTI, Mr. Ramesh, however, said it was too early to talk […]

India’s services sector activity hits 12-year high in February: PMI

March 3, 2023March 3, 2023cpooldigitalLeave a Comment

Representative Image. File | Photo Credit: The Hindu Bureau The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on March 3. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January […]

S&P cuts India’s growth forecast to 7% for FY23

November 28, 2022November 28, 2022cpooldigitalLeave a Comment

S&P projected inflation to average 6.8% in current fiscal year and RBI’s benchmark interest rate to rise to 6.25% by March 2023. S&P Global Ratings on November 28 cut India’s economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. S&P had in September […]

India facing ‘cacophony of factors’ that may shake sovereign-credit metrics: S&P

October 12, 2022October 13, 2022cpooldigitalLeave a Comment

S&P said a deeper global economic slowdown than currently anticipated could have an adverse impact on India’s economic performance in fiscals 2023 and 2024 S&P said a deeper global economic slowdown than currently anticipated could have an adverse impact on India’s economic performance in fiscals 2023 and 2024 India is facing various factors that may […]

Recession unlikely to hit India due to ‘not so coupled’ nature with global economy: Rating agency S&P

September 21, 2022September 21, 2022cpooldigitalLeave a Comment

Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Global […]

Kapil Sibal files Rajya Sabha nomination as Independent candidate backed by Samajwadi Party, says he quit Congress on May 16

May 25, 2022May 25, 2022cpooldigitalLeave a Comment

PTI Lucknow May 25, 2022 13:14 IST Updated: May 25, 2022 13:18 IST PTI Lucknow May 25, 2022 13:14 IST Updated: May 25, 2022 13:18 IST Senior Congress leader Kapil Sibal, whose tenure as Congress Rajya Sabha member ends in July, went to Uttar Pradesh Assembly premises with Samajwadi Party chief Akhilesh Yadav and other […]

Disha app sees 1.25 lakh downloads in Kakinada dist. in a day

May 19, 2022May 19, 2022cpooldigitalLeave a Comment

Roads and Buildings Minister Dadisetti Ramalingeswara Rao has appealed to women to download the Disha app on their mobile phones and seek help from the police during emergency. Participating in the Disha app special drive organised in Kakinada district on Wednesday, he appreciated SP M. Ravindranath Babu and his team of officers, who successfully helped […]