West Bengal Finance Minister Amit Mitra on Monday said that the current slowdown in the economy is due to “structural” changes and not “cyclical“. He said the structural changes have been ushered in due to demonetisation and “faulty” GST implementation along with the collapse of IL&FS which crippled the NBFC sector. “The slowdown in the […]
Government bonds yields dropped sharply on Monday after Finance Minister Nirmala Sitharaman clarified that there was no rethinking on issuing sovereign bonds to raise funds from abroad. The yield on the 10-year benchmark government bond fell 11 basis points (bps) over the previous close, ending Monday at 6.41%. “The main reason for bond yields to […]
The International Monetary Fund (IMF) has cut India’s growth forecast for 2019-20 to 7% from its forecast in April of 7.3% on poor demand conditions, it said on Tuesday. The IMF’s World Economic Outlook July update also cut India’s growth forecast in 2020-21 to 7.2% from the previous estimate of 7.5%. “India’s economy is set […]
