RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP
6 months, 3 weeks ago

RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP

Hindustan Times  

The Reserve Bank of India’s balance sheet size rose 11.08 per cent to ₹70.48 lakh crore as of March 31, 2024, the central bank said in its annual report. The central bank's balance sheet size at US$844.76 is nearly 2.5 times that of Pakistan's entire GDP which has been estimated to be around $338.24 billion by the International Monetary Fund. On the Indian economy, RBI said that the outlook remains bright owing to sustained strengthening of macroeconomic fundamentals although food inflation remains vulnerable to recurring supply shocks which is "preventing a quicker alignment of headline inflation with the target," it said. RBI said, “The government’s continued thrust on capex while pursuing fiscal consolidation, and consumer and business optimism augur well for investment and consumption demand.” For FY25, RBI forecast a real GDP growth of around 7 per cent and said that the Indian economy is well-placed to continue its growth trajectory over the next decade amid macroeconomic and financial stability.

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History of this topic

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25
2 weeks, 2 days ago

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25

Hindustan Times  

The State Bank of India has projected India's gross domestic product would grow at 6.3% during the ongoing fiscal year, lower than the Reserve Bank of India's estimate of 6.6%, revised from the earlier 7.2%. India's GDP grew at 5.4% in the July-September quarter of FY25, the lowest in seven quarters The SBI said, “We believe that GDP growth for …

FII selling crosses ₹2 trillion in FY25, may cross FY22 record
3 weeks, 6 days ago

FII selling crosses ₹2 trillion in FY25, may cross FY22 record

Live Mint  

Investors exiting India have net-sold over ₹2 trillion worth of shares this fiscal, setting the stage for what could be the worst year for foreign portfolio outflows on NSE's secondary market. As US bond yields rose and quarterly earnings disappointed amid lofty valuations, foreign institutional investors net-sold a record ₹1.17 trillion in the secondary market in NSE's cash segment in …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
3 months, 3 weeks ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

Pakistan has paid over $3.5 billion in interest to IMF in 40 years
4 months, 3 weeks ago

Pakistan has paid over $3.5 billion in interest to IMF in 40 years

Hindustan Times  

Pakistan has paid over USD 3.5 billion in interest on loans to the International Monetary Fund in the last forty years. In the last four years alone, Pakistan borrowed over USD 6.26 billion from the IMF and repaid USD 4.52 billion. In 2024, Pakistan borrowed USD 1.35 billion in Special Drawing Rights from the IMF and repaid USD 646.69 million …

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25
4 months, 3 weeks ago

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25

News 18  

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product, at the end of …

India may grow 6.7% on average from FY25-FY27: World Bank
6 months, 1 week ago

India may grow 6.7% on average from FY25-FY27: World Bank

Hindustan Times  

India will remain the fastest-growing major economy recording a steady growth of 6.7 per cent in the next three years including the current financial year, said a world bank report released on Tuesday. In India, growth is estimated to have picked up to 8.2 per cent in fiscal year 2023/24 -- 1.9 percentage points higher than estimated in January, according …

RBI MPC June 2024: Repo Rate Unchanged, FY25 Growth Raised To 7.2%, Other Announcements By Shaktikanta Das
6 months, 2 weeks ago

RBI MPC June 2024: Repo Rate Unchanged, FY25 Growth Raised To 7.2%, Other Announcements By Shaktikanta Das

News 18  

RBI Monetary Policy June 2024 Highlights: The RBI’s Monetary Policy Committee on Friday, June 7, decided to keep the key repo rate unchanged for the 8th consecutive time at 6.5 per cent, maintaining the stance of ‘withdrawal of accommodation’. The RBI has revised upwards FY25 GDP projection to 7.2 per cent as against 7 per cent earlier. FY25 GDP Growth …

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%
6 months, 3 weeks ago

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%

Hindustan Times  

India's economy grew by 7.8% in the January-March quarter from a year earlier, compared with 8.4% growth in the previous quarter, government data showed. A file photo of Prime Minister Narendra Modi with finance minister Nirmala Sitharaman Data released by the National Statistical Office showed that the gross domestic product expanded 6.2 per cent in the January-March period of the …

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24
6 months, 3 weeks ago

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24

Deccan Chronicle  

In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as of March 2023. The central bank's net income stood at Rs 2.11 lakh crore at end-March 2024 after making a provision of Rs 42,819.91 crore, significantly down from Rs 1,30,875.75 crore in the preceding fiscal. Last week, the RBI approved the highest-ever dividend payout of …

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24
7 months ago

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24

The Hindu  

In a windfall gain for the Centre, the Central Board of Directors of the Reserve Bank of India on Wednesday approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24. “The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the …

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24
7 months ago

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24

The Hindu  

The Reserve Bank of India on May 22 approved a ₹2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor …

FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February
9 months, 3 weeks ago

FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February

India TV News  

Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under …

India’s GDP grew by 7.6 per cent during July-September quarter
1 year ago

India’s GDP grew by 7.6 per cent during July-September quarter

Op India  

The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. The Reserve Bank of India had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent. The International Monetary Fund had …

India's June quarter current account deficit narrows to 1.1 per cent: RBI
1 year, 2 months ago

India's June quarter current account deficit narrows to 1.1 per cent: RBI

Hindustan Times  

India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday. The net external commercial borrowings to India recorded an inflow of USD 5.6 billion in the quarter compared to an outflow of USD 2.9 billion a year ago, the RBI said The current account deficit, …

Pakistan’s forex reserves double to $8.73 billion
1 year, 5 months ago

Pakistan’s forex reserves double to $8.73 billion

Live Mint  

Pakistan's foreign exchange reserves have surged to a nine-month high following a fresh financial bailout from the International Monetary Fund. The country's reserves nearly doubled to $8.73 billion as of July 14, with inflows coming from the IMF and friendly nations like Saudi Arabia and the UAE. The financial assistance, totaling around $4.2 billion received last week, comes as Pakistan …

Pakistan lost $8.3 bn in remittances, exports in FY23 amid IMF bailout bid
1 year, 5 months ago

Pakistan lost $8.3 bn in remittances, exports in FY23 amid IMF bailout bid

Live Mint  

Earlier this week the International Monetary Fund deposited a much-awaited first installment of $1.2 billion in Pakistan's central bank. The financial infusion was part of a $3 billion new bailout deal that the beleaguered country secured earlier this month after making a slew of changes to comply with conditions set out by the IMF. Recent reports however indicate that Pakistan …

RBI ups GDP growth projection to 7 pc for FY24
1 year, 6 months ago

RBI ups GDP growth projection to 7 pc for FY24

Hindustan Times  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das, however, flagged protracted geopolitical turmoil and global economic fragmentation as risks to the growth outlook. The apex bank projected real GDP growth for the 2023-24 fiscal at 7 per cent, with December and March quarter growth estimated at 6.5 per cent and 6 per cent, respectively. The growth in the first, …

Net FPI inflows stand at USD 8.4 billion during current financial year: RBI gov
1 year, 6 months ago

Net FPI inflows stand at USD 8.4 billion during current financial year: RBI gov

Live Mint  

The Reserve Bank of India governor Shaktikanta Das on Thursday said that the net Foreign portfolio investment inflows stand at USD 8.4 billion during the current financial year upto June 6 as against net outflows in the proceeding two years where USD 14.1 billion in 2021-22 and 5.9 billion in 2022-23. The net FPI inflows stand at USD 8.4 billion …

Pakistan Government debt swells to ₹58.6 trillion
1 year, 6 months ago

Pakistan Government debt swells to ₹58.6 trillion

The Hindu  

The Pakistan Government‘s total debt has increased 34.1% year-on-year to ₹58.6 trillion at the end of April, according to the latest report issued by the country’s central bank. Within the domestic debt, the largest share was of the Federal Government bonds that represented almost ₹25 trillion worth of loans. Pakistan, currently in the throes of a major political as well …

India Q4 GDP LIVE: GDP Grew By 6.1% In Jan-Mar Quarter; FY23 GDP Stands At 7.2%
1 year, 6 months ago

India Q4 GDP LIVE: GDP Grew By 6.1% In Jan-Mar Quarter; FY23 GDP Stands At 7.2%

News 18  

India GDP Q4 Growth LIVE Updates: The National Statistical Office has released the gross domestic product growth rate for the fourth quarter of fiscal year 2022-23, along with the growth rate clocked during the entire FY23. The country’s gross domestic product or GDP grew by 6.1 percent in the fourth quarter of fiscal year 2022-23, as per the official data. …

Currency In Circulation Rises In Value, Volume In FY23, Says RBI's Annual Report
1 year, 6 months ago

Currency In Circulation Rises In Value, Volume In FY23, Says RBI's Annual Report

ABP News  

The Reserve Bank of India's annual report said that the value and volume of currency in circulation rose by 7.8 per cent and 4.4 per cent, respectively, during the financial year 2022-23 as compared with 9.9 per cent and 5.0 per cent, respectively, during 2021-22. The circulation of Rs 2,000 banknotes showed a total value of Rs 3.62 lakh crore, …

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion
1 year, 7 months ago

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion

India TV News  

Business news : India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. Coming back to RBI's latest data, India's …

World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE
1 year, 8 months ago

World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE

India TV News  

Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions. "In India, South Asia’s largest economy, high borrowing costs and slower income growth are expected to dampen consumption and lower growth to 6.3 per …

Pakistan Central Bank’s Forex Reserves Decrease by $354 Million; Now Stand at $4.2 Billion
1 year, 8 months ago

Pakistan Central Bank’s Forex Reserves Decrease by $354 Million; Now Stand at $4.2 Billion

News 18  

The forex reserves held by Pakistan’s central bank decreased by another $354 million to $4.2 billion, according to the State Bank of Pakistan. “During the week ended on March 24, 2023, SBP’s reserves decreased by $354 million to $4,244.3 million due to external debt repayment,” the SBP said in a statement. Total liquid foreign reserves held by the country stood …

Pakistan economic crisis: Inflation, forex reserves among 5 worrisome indicators
1 year, 10 months ago

Pakistan economic crisis: Inflation, forex reserves among 5 worrisome indicators

Live Mint  

Pakistan has been struggling with an economic downfall for the last few months with multiple indicators clearly suggesting that the country is battling its worst nightmare since 1971 when the country lost a war against India and partitioned from Bangladesh. Let's know Pakistan's economic situation with these economic indicators, 1) External debts jump by 70% Pakistan's external debt servicing rose …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 10 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Pakistan central bank's foreign exchange reserves hit eight-year low
1 year, 11 months ago

Pakistan central bank's foreign exchange reserves hit eight-year low

The Hindu  

Pakistan central bank's foreign exchange reserves plummeted to an eight-year low of over $5.5 billion amidst fear of default, according to a media report on Friday. According to a report by the Dawn newspaper, the State Bank of Pakistan's reserves hit an eight-year low of $5.576 billion during the week ended December 30, 2022. The SBP's foreign exchange reserves dipped …

India’s GDP growth forecast upgraded to 6.9% for FY23 by World Bank
2 years ago

India’s GDP growth forecast upgraded to 6.9% for FY23 by World Bank

India TV News  

The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. India's gross domestic product, which grew 8.7 per cent in previous 2021-22 financial …

Govt sees GDP growth dipping below the RBI forecast
2 years ago

Govt sees GDP growth dipping below the RBI forecast

Live Mint  

The government expects India’s economic growth to slow to 6.5% in the current fiscal year because of external shocks and monetary policy tightening, a government official said. Devendra Kumar Pant, chief economist of India Ratings and Research, said demand recovery appears weaker than expected if one looks at volume growth of fast-moving consumer goods firms in the second quarter of …

India is on track to attract USD 100 bn FDI this fiscal: Govt
2 years, 3 months ago

India is on track to attract USD 100 bn FDI this fiscal: Govt

India TV News  

Highlights India is on track to attract USD 100 billion foreign direct investment in the current fiscal In 2021-22, the country received the "highest ever" foreign inflows of USD 83.6 billion FDI equity inflows in India dipped by 6 per cent to USD 16.6 billion during April-June period India is on track to attract USD 100 billion foreign direct investment …

India's Current Account Deficit May Hit 9-Year-High Level In First Quarter of FY23: India Ratings
2 years, 3 months ago

India's Current Account Deficit May Hit 9-Year-High Level In First Quarter of FY23: India Ratings

News 18  

India’s current account deficit is expected to hit a nine-year or 36-quarter-high level of 3.4 per cent of the gross domestic product in the first quarter of this financial year against a surplus of 0.9 per cent a year ago, according to a report by India Ratings. “Although the merchandise exports touched a record high of $121.2 billion in 1QFY23, …

India's GDP grew at 13.5% in Q1 FY23, fastest in a year
2 years, 3 months ago

India's GDP grew at 13.5% in Q1 FY23, fastest in a year

Hindustan Times  

India's Gross Domestic Product in the first quarter of the fiscal year grew by 13.5 per cent, as against a 20.1 per cent growth seen during the same period last year, data released by the National Statistical Office showed on Wednesday. According to rating agency Icra, the GDP was likely to grow at 13 per cent while the State Bank …

India's GDP grows at 13.5% in April-June quarter of FY23, lower than RBI estimate
2 years, 3 months ago

India's GDP grows at 13.5% in April-June quarter of FY23, lower than RBI estimate

India Today  

India's gross domestic product grew at 13.5 per cent in the April-June quarter of the financial year 2022-23, according to the data released by the National Statistical Office on Wednesday. In its monetary policy meeting earlier this month, the RBI had pegged the growth rate to be around 16.2 per cent in the April-June quarter. In the April-June quarter of …

India's FY23 GDP Growth: FICCI, ADB Cut Forecasts On High Inflation, Global Uncertainty
2 years, 5 months ago

India's FY23 GDP Growth: FICCI, ADB Cut Forecasts On High Inflation, Global Uncertainty

News 18  

Even as inflation is rising across the world, central banks are following monetary tightening and global uncertainty is looming amid the Russia-Ukraine war, two major bodies, Asian Development Bank and Federation of Indian Chambers of Commerce, and Industry, on Thursday slashed their growth forecasts for the Indian economy for FY23. The multilateral development bank, which is based in Manila, also …

Indian GDP grew 8.7% in FY22
2 years, 6 months ago

Indian GDP grew 8.7% in FY22

Deccan Chronicle  

New Delhi: Amid soaring inflation across the country, Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21, while it grew 4.1 per cent in the January-March 2022 quarter. For the full financial year 2021-22, economy expanded at 8.7 per cent as against a contraction of 6.6 per …

India GDP grew 8.7 per cent in FY22
2 years, 6 months ago

India GDP grew 8.7 per cent in FY22

Deccan Chronicle  

New Delhi: Amid soaring inflation across the country, Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21, while it grew 4.1 per cent in January-March 2022 quarter. For the full financial year 2021-22, economy expanded at 8.7 per cent as against a contraction of 6.6 per cent …

India's Q4 GDP Grows At 4.1%, Growth in FY22 Improves To 8.7%
2 years, 6 months ago

India's Q4 GDP Grows At 4.1%, Growth in FY22 Improves To 8.7%

News 18  

India’s gross domestic product grew 4.1 per cent in the fourth quarter of the financial year 2021-22. For the full financial year 2021-22, the GDP saw a growth of 8.7 per cent. The GDP growth of 8.7 per cent in 2021-22 is significantly better than last year’s 6.6 per cent contraction and points towards a recovery from the pandemic-driven slowdown. …

RBI Monetary Policy: GDP Growth Projection For FY23 Revised Down to 7.2% from 7.8% Earlier
2 years, 8 months ago

RBI Monetary Policy: GDP Growth Projection For FY23 Revised Down to 7.2% from 7.8% Earlier

News 18  

The Reserve Bank of India on Friday revised downwards its GDP growth projection for the current financial year to 7.2 per cent, compared with the 7.8 per cent forecast earlier. Presenting MPC’s first bi-monthly monetary policy statement for the financial year 2022-23, Das said, “The real GDP growth for 2022-23 is now projected at 7.2 per cent with Q1:2022-23 at …

Fireballs juggled well; brickwork laid for growth
2 years, 10 months ago

Fireballs juggled well; brickwork laid for growth

Live Mint  

When people have hope, you have a middle class.” The FY23 Union budget follows a simple rule: committed expenditure juxtaposed against sombre revenue projections. Gross market borrowing through dated securities has been budgeted at ₹14.95 trillion, and taking repayments of ₹3.1 trillion, net market borrowing stands at ₹11.8 trillion. For FY23, with the ceiling of net borrowing at 4% of …

RBI retains economic growth forecast at 9.5 for FY22
3 years, 2 months ago

RBI retains economic growth forecast at 9.5 for FY22

India TV News  

The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices, and potential global financial market volatility as downside risks to economic growth. "Impact of elevated input costs on profit margins, potential global financial and commodity markets volatility and a resurgence in COVID-19 infections, however, …

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data
3 years, 5 months ago

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data

News 18  

The country’s foreign exchange reserves in nominal terms, including the valuation effects, increased by $ 99.2 billion during the financial year 2020-21, compared to $ 64.9 billion in the preceding year, RBI data showed. On a balance of payments basis, foreign exchange reserves increased by $ 87.3 billion during FY 2020-21, as against an increase of $ 59.5 billion during …

Reserve Bank of India retains GDP growth forecast at 10.5 per cent for FY22
3 years, 8 months ago

Reserve Bank of India retains GDP growth forecast at 10.5 per cent for FY22

India TV News  

The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting …

India Records 0.2% Current Account Deficit in December Quarter
3 years, 8 months ago

India Records 0.2% Current Account Deficit in December Quarter

News 18  

India’s current account swung to a deficit for the first time in the current fiscal, with the gap coming at USD 1.7 billion or 0.2 per cent of the GDP in the December quarter. The critical measure of a country’s external strength now stands at a surplus of 1.7 per cent of GDP for the first nine months of the …

India Reports Current Account Surplus for Second Straight Quarter at 3.9% of GDP in April-June
4 years, 2 months ago

India Reports Current Account Surplus for Second Straight Quarter at 3.9% of GDP in April-June

News 18  

India's current account surplus increased to $19.8 billion or 3.9 per cent of GDP for the June quarter as merchandise imports declined amid the COVID-19 pandemic, the Reserve Bank said on Wednesday. The country's current account surplus had come at $0.6 billion or 0.1 per cent of GDP in the preceding March quarter, while it had reported a current account …

RBI Balance Sheet Expands by 30% in 2019-20
4 years, 3 months ago

RBI Balance Sheet Expands by 30% in 2019-20

News 18  

The size of the Reserve Bank’s balance sheet, which is reflective of activities carried out by it in pursuance of currency issue function as well as monetary policy and reserve management objectives, has increased by 30.02 per cent in the year ended June 30, 2020, says its annual report. The balance sheet increased by Rs 12,318.88 billion to Rs 53,347.93 …

RBI to transfer ₹57,128 crore surplus to Centre for FY20
4 years, 4 months ago

RBI to transfer ₹57,128 crore surplus to Centre for FY20

The Hindu  

The board of the Reserve Bank of India has approved the transfer of ₹57,128 crore as surplus to the government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5%, the RBI said in a statement on Friday. “The Board reviewed the current economic situation, continued global and domestic challenges and the monetary, regulatory and …

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