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ADB cuts India’s FY22 economic growth forecast to 10%
The downgrade was mainly on account of the impact of the Covid-19 pandemic
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RBI launches its quarterly industrial outlook survey
RBI also announced the launch of the next round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the ongoing quarter
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Centre notifies hike in DA of central government employees
Centre increased the dearness allowance and dearness relief for government employees and pensioners to 28% of basic pay from 17% effective from 1 July
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Employ caution amid exuberance warns this investment veteran
Aashish Somaiyaa says stock markets will see a correction in the short term with the US economy picking up and results season playing out in India
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Retail inflation numbers reflect an interesting trend
The latest SBI Ecowrap report notes that the decline in June inflation print reveals an across-the-board decline in sequential momentum
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Adani sees Indian economy growing to $15 tn in two decades
India will emerge as one of the largest global markets, both in terms of consumption size and market cap, says Gautam Adani
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Retail inflation in June eases marginally to 6.26%
Marginal slippage in CPI-based inflation was noticed despite some firmness in food inflation which inched up to 5.15% in June from 5.01% a month ago
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Power consumption risen by 18% in the first week of July
Power consumption and demand has significantly increased this year as compared to the previous year as economic activity resumed after lockdown curbs
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Rising crude oil prices pose upside risk to inflation
The government is confident that a normal monsoon and further opening up of the economy will ease inflationary pressures
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‘QSR, jewellers are on recovery path; apparel makers lag'
Retail sales for the June quarter are expected to grow at about 53% YoY, but revenues will most likely be 37% lesser than what it was a year ago
