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Current Account Deficit: CAD seen hitting a 36-quarter high at 3.4% in April-June
Mon, Sep 19, 2022
In the March 2022 quarter, the deficit was a moderate 1.5 per cent or USD 13.4 billion, while in Q1FY22 the current account surplus was USD 6.6 billion or 0.9 per cent of GDP when the country was hit by the second wave of the pandemic, according to the agency.
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Banks likely to lose Rs 11,790 cr in June-end quarter of FY23 due to rising bond yields, says report
Sat, Jul 23, 2022
This is because a 100 bps year-on-year upward shift in the yield curve can impact the system-wide pre-provisioning operating profit by 4.5 per cent and return on assets by just 9 bps, the report said.
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India pitches for rating upgrade with S&P, cites macro stability
Thu, Aug 30, 2018
Rising oil prices, their impact on government finances and increasing GST collections figured in the discussions between the Finance Ministry officials, led by Economic Affairs Secretary Subhash Chandra Garg, and representatives of the global credit ratings firm.
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Major reforms undertaken; India deserves rating upgrade: Garg
Sun, Apr 29, 2018
In an interview to PTI, Economic Affairs Secretary Subhash Chandra Garg said Fitch's action did not come as a surprise as the rating agency had in discussion earlier indicated its focus on level of government debt even though it had a very favourable view on India's economy.
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Challenges higher for MSMEs while India Inc transits to GST regime; Banks key saviour
Thu, Oct 05, 2017
GST has been launched since July 01, 2017 and revenue collection from this regime have reached to Rs 90,669 crore. However, many industry and exporters face great challenge while transiting towards this regime.
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After ADB, India Ratings revises India's growth projection to 6.7% in FY18
Wed, Sep 27, 2017
IndRa in its research report said that the combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier.
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Rupee, Credit profile of steel, infrastructure & telecom to impact India Inc in FY18
Thu, Jun 01, 2017
Due to their low in ability of refinancing credit, sectors like telecom, steel and infrastructure will remain under-pressure even in FY18. Rupee appreciation will be another factor that will haunt steel and infrastructure sector.
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Steel sector is likely to remain negative in FY18; demand growth to remain muted at 4-5%: India Ratings
Sun, May 14, 2017
The outlook for steel sector is likely to remain negative in next fiscal due to continued operational and financial challenges and lower demand from the realty sector, says a report.
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India Inc is to cut its reliance on debt to fund dividends
Tue, Apr 18, 2017
India Ratings research report said, “The top dividend paying corporates would pay dividend worth Rs 90,000 crore between FY17-FY18, from which Rs 5,800 crore is expected to be funded by debt – which much lower compared to the average of Rs 9,000 crore seen between FY14 – FY16."
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