Economy

Bangladesh Faces Financial Disaster: Political Chaos May Trigger Banking Meltdown!

27 Feb 2025

Bangladesh's banking sector is facing a severe crisis as non-performing loans (NPLs) surged to Tk 345,764 crore by December 2023, representing 20.20% of all loans—a dramatic increase from Tk 284,000 crore just three months ago. Bangladesh Bank Governor Ahsan H Mansur revealed these alarming figures at a press conference, highlighting...

Reserve Bank of India Discusses Economic Situation and Appreciates Outgoing Governor’s Service

20 Dec 2024

The 612th meeting of the Central Board of Directors of the Reserve Bank of India (RBI) took place in Guwahati on Friday, chaired by the newly appointed RBI Governor Sanjay Malhotra. During the meeting, the Board expressed its appreciation for the valuable services rendered by Shaktikanta Das, who served as...

Moody’s Projects 7.2% Growth for India in 2024, Calls Economy a ‘Sweet Spot’

16 Nov 2024

The Indian economy is positioned in a "sweet spot" with a combination of robust growth and moderating inflation, according to Moody's Ratings. The agency has projected a 7.2% GDP growth for the 2024 calendar year, followed by 6.6% in 2025 and 6.5% in 2026. In its Global Macro Outlook 2025-26,...

‘India’s Growing Economy’: Sitharaman Says US And China Can’t Overlook Economic Might

24 Oct 2024

Union Finance Minister Nirmala Sitharaman emphasized India's growing global influence, underscoring that with one in every six persons in the world being Indian, the country's economy and capabilities cannot be overlooked. She made these remarks during a panel discussion on "Bretton Woods Institutions at 80: Priorities for the Next Decade,"...

Is the World’s Best-Performing Economy Losing Its Shine?

03 Sep 2024

India, often lauded as the world’s fastest-growing major economy, has recently witnessed a slowdown in its GDP growth. In March 2024, CNN termed India as the world’s fastest-growing major economy. However, India’s GDP growth for the quarter ending June 2024 came in at 6.7%, slightly below expectations and 1.5 percentage...

RBI Keeps Repo Rate Unchanged at 6.5% for Ninth Consecutive Time Amid Declining Inflation

08 Aug 2024

The Reserve Bank of India (RBI) has maintained the repo rate at 6.5% for the ninth consecutive time, as announced by Governor Shaktikanta Das during the Monetary Policy briefing on Thursday. This marks 18 months of unchanged rates, with the central bank continuing its stance on the withdrawal of accommodation....

Economic Survey 2024: Economy Must Curate 78.5 Lakh Jobs Every Year

22 Jul 2024

Finance Minister Nirmala Sitharaman presented the Economic Survey in Parliament today, July 22, 2024, ahead of her seventh consecutive Union Budget presentation scheduled for tomorrow. According to the Economic Survey, the Indian economy must create an average of nearly 78.5 lakh jobs per year in the non-farm sector until 2030...

Economy beats estimates, grows 8.2% in FY24

01 Jun 2024

Growth propels economy to $3.5 trillion and set the stage for achieving the $5-trillion target in the next few years. Amidst deepening geopolitical distress and global macroeconomic headwinds, India’s GDP is estimated to have posted a growth of 8.2 per cent in financial year 2023-24 compared to the growth rate...

“Indians Make 10-12 Billion Cashless Payments”: S Jaishankar on Digital Infrastructure

06 May 2024

Highlighting the advancement of cashless transactions in India, External Affairs Minister S Jaishankar emphasised that numerous countries engage in discussions with India regarding its digital infrastructure, which has now become a defining feature of the nation on the global stage. Jaishankar noted that India witnesses approximately 10-12 billion cashless transactions...

Pakistan Requires Further IMF Bailout for Economic Stability, Shehbaz Sharif said

22 Mar 2024

Pakistan Prime Minister Shehbaz Sharif stated that the financially troubled nation requires another extended bailout from the International Monetary Fund (IMF) to stabilize its vulnerable economy on Thursday, as per ARY News. "A new tranche of loan is likely to be received from the IMF in a few days, however,...

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