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Prospects for EM (ex China) have also brightened, particularly in India, where we now expect growth to reach 7.8 percent in the fiscal year ending March 2024 (FY24) and 7 per cent in FY25, both sizeable upward revisions. With GDP growth having exceeded 8 per cent for three consecutive quarters, we expect an easing in growth momentum in the final quarter of the current fiscal year, implying an estimate of 7.8 per cent for growth in FY23-24,” Fitch said in its latest report.",
The 32-year-old Canberra suspect appeared in the ACT Magistrates Court on Tuesday to face five charges, including failure to stop for police and driving while suspended, the Australian Broadcasting Corporation (ABC) said, citing court documents.",
One 97 Communications, popularly known as Paytm, is already under the scrutiny of India’s banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. The sources indicated this was another reason for the deferral.",
Police commissioner VC Sajjanar told media that the accused could execute the fraud as they were aware that vehicle insurance details are not available on the RTA’s information system. The arrested persons include owners of mobile pollution testing vehicles and an insurance agent."
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The engineering and design team behind the project developed a device that monitors social media activity in order to keep the car running.",
The Reserve Bank said the first pilot of the Central Bank Digital Currency — Digital Rupee (Wholesale segment) will be launched on Tuesday for transactions in government securities.",
Social media giant Meta is at the forefront of this revolution. The Mark Zuckerberg-led platform has used social media to redefine sports consumption experience. Paras Sharma, director, content and community partnerships at Meta, shared the company’s approach in an insightful interaction with indianexpress.com.",
The chief veterinary officer (retired) of GHMC, Dr P Venkateshwar Reddy, said in the past few days social media was flooded with posts claiming that coronavirus was spreading through broiler chicken."
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Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC."
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>Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”"
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