India’s Finance Minister Nirmala Sitharaman today, a short while after the first address of President Draupadi Murmu, to the joint session of the Parliament, presented her fifth Economic Survey, ahead of her last full Union Budget of the present government to be presented in the Lok Sabha, on February 1. The 414 pages 12-chapter long sprawling Economic Survey takes a …
New Delhi: Indian banks are likely to witness a record high credit growth, surpassing the ₹19 trillion in the current fiscal year, domestic rating agency Icra said on Monday. Further, the growth momentum is expected to remain strong in FY2024 as well, even though rising interest rates and tight liquidity conditions could moderate the growth,” said Anil Gupta, senior vice …
Consumers should brace up to pay more for the electricity they are consuming during the ongoing period of power crisis as increased use of expensive imported coal in generation is expected to elevate the cost of supply by up to 5% in the current fiscal year 2022-23. The higher share of imports for thermal generation under a pass-through arrangement as …
After a gap of two years, India’s airport sector is expected to become profitable in FY23. According to ICRA estimates, all India passenger traffic is likely to increase by 68-70 per cent YoY to 317-320 million in FY2023. Besides, domestic passenger traffic is expected to witness 64-66 per cent YoY growth in FY2023 and reach pre-Covid levels. On Sunday, the …
The rating agency believes that rising consumption will push capacity utilisation above the crucial threshold of 75% by the end of 2022 Mumbai: The country’s real gross domestic product is likely to maintain a 9 percent growth rate in fiscal 2022 and 2023, amid concerns over the Omicron variant of COVID-19, says a report. Looking ahead, we expect the economy …
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