June 26, 2022
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India’s economic growth forecast for 2022 has been slashed by Moody’s to 8.8%

Moody’s Investors Service cut India’s economic growth forecast for 2022 from 9.1 percent to 8.8 percent on Thursday, citing high inflation. High-frequency data suggests that the growth momentum from December quarter 2021 carried over into the first four months of this year, according to Moody’s Global Macro Outlook 2022-23. In the months ahead, however, Continue Reading
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Tamil Nadu Minister Slams Nirmala Sitharaman’s “Shameless Hypocrisy”

Palanivel Thiagarajan, the Finance Minister of Tamil Nadu, made no apologies for criticising Union Finance Minister Nirmala Sitharaman on Monday for “exhorting” states to reduce their share of gasoline and diesel taxes, saying his state did not need “dictation from people who perform worse than us.” “We have one of the best statistical results Continue Reading
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Jet Airways has been granted an air operator certificate, allowing it to resume commercial flights: DGCA

On Friday, the Directorate General of Civil Aviation (DGCA) granted Jet Airways the Air Operator Certificate (AOC), allowing it to resume commercial flight operations after being grounded since 2019. The “AOC” has been “granted” to Jet Airways, according to DGCA chief Arun Kumar, according to news agency PTI. Jet Airways, founded by Naresh Goyal and Continue Reading
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India’s Projected GDP Growth Down To 6.4%, Yet Fastest-Growing Major Economy: UN

According to a UN report, as the Ukraine conflict has an impact on global GDP, India is expected to grow by 6.4 percent in 2022, slower than last year’s 8.8 percent but still the fastest-growing major economy, with higher inflationary pressures and uneven labour market recovery stifling private consumption and investment. In its World Economic […]Continue Reading
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To keep domestic prices low, India has banned wheat exports

India has suspended wheat exports with immediate effect as part of its efforts to contain rising domestic prices. The government stated that only export shipments for which letters of credit were issued on or before yesterday’s notification would be permitted. Furthermore, according to the notification issued by the Directorate General of Foreign Trade (DGFT), the Continue Reading