Economy

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India’s Growth Projection Being Revised, May Be Lower Than Previous: IMF

The IMF is in the process of revising India’s growth projection for 2022, which could be lower than its earlier forecast of 8.2 per cent, amid risks of a global.

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Asia’s factory activity slows in May as China COVID curbs weigh

By Leika Kihara TOKYO (Reuters) -Asia’s factory activity slowed in May as China’s heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some of.

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Omicron hurts Q4, GDP grows 8.7% in FY22

India’s GDP grew at 8.7 per cent in the financial year 2021-22, while the GDP for the January-March quarter (Q4 of FY22) rose 4.1 per cent, data released by the.

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Yellen says she was ‘wrong’ about inflation path; Biden backs Fed

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that she was wrong in the past about the path inflation would take, but said taming price.

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Shanghai says all residents in ‘low-risk’ areas can return to work on June 1

SHANGHAI (Reuters) – Shanghai will move into a normalised epidemic-control phase from Wednesday and will allow malls and shops to reopen and people in “low-risk” areas to return to work,.

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Japan Q2, full-year growth to be weaker than previously estimated

By Daniel Leussink TOKYO (Reuters) -Japan’s economy will grow at a weaker rate than previously thought this quarter despite hopes for a strong rebound in consumption after showing resilience in.

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Almost 80,000 Pieces Of Fake ₹ 500 Notes Found In 2021-22: RBI

The number of fake currency note of ₹ 500 denomination detected by the banking system more than doubled to 79,669 pieces in 2021-22 over last year Mumbai:  The number of fake currency.

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Government Hopes Inflation To Moderate In Near Future, Says Top Official

Inflation is likely to come down in coming months as Government and RBI have taken measures to lower prices, Economic Affairs Secretary Ajay Seth said New Delhi:  Inflation is likely.

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GST Has Not Benefitted States’ Tax Collections: Report

India Ratings has said GST has not helped states achieve the key objective of boosting their tax revenue Mumbai:  Domestic ratings agency India Ratings on Monday said the Goods and.

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Toyota misses April global production target due to COVID, parts shortage

TOKYO (Reuters) -Japan’s Toyota Motor (NYSE:TM) Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest.

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