The Japanese financial company has expanded its presence to 990 branches across India. SMICC is registered as an NBFC-Investment and Credit Company (NBFC-ICC) with RBI and is a wholly-owned subsidiary of SMFG
Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls and picks up only after a new government is in place and a budget is presented.
India's foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.
The International Monetary Fund has predicted that the Indian economy will grow by 6.8% in the current fiscal year, with public investment driving the growth. IMF has also raised India's growth forecast for FY24 to 7.8%.
The report by cybersecurity firm Zscaler showed a 60 per cent rise in global phishing attacks over the past year.
"Construction and agriculture are likely to be impacted more. Within agriculture, the vegetable output might get impacted more, as most of the cereal sowing will start later," said Sunil Kumar Sinha, principal economist, India Ratings and Research.
Stressing that Prime Minister Narendra Modi has set a target for 'Viksit Bharat 2047', she said development doesn't happen by default or without effort. Addressing an event organised by the Institute of Company Secretaries of India - Bengaluru Chapter, Sitharaman said, "It is a sea change between what we inherited in 2013-14 and 2024...where we have reached today.
Union Finance Minister Nirmala Sitharaman on Monday said reverse migration had started as a lot of people are coming back to establish business here. According to her, reverse migration has started in which a lot of people, who have a global footprint, are finding businesses, professions and careers to be built in India.
Shashanka Bhide, a member of the RBI Monetary Policy Committee, suggests that India's economic growth of 7% in 2024-25 and beyond is feasible due to favorable monsoon, higher farm productivity, and improved global trade. He highlights concerns over slow global demand recovery and geopolitical conflicts impacting demand and input prices.
Shashanka Bhide, a member of the RBI Monetary Policy Committee, suggests that India's economic growth of 7% in 2024-25 and beyond is feasible due to favorable monsoon, higher farm productivity, and improved global trade. He highlights concerns over slow global demand recovery and geopolitical conflicts impacting demand and input prices.
Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund.
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