Moody’s ups India’s GDP growth forecast to 7.2 pc for 2024

NEW DELHI: New York-based Moody’s Ratings on Thursday raised its forecast for India’s GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in the economy. “Household consumption is poised to grow as headline inflation eases toward the RBI’s […]

India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief

NEW DELHI: India’s FinTech sector has received investments of about $6 billion in the last two years alone while the number of FinTechs in the country has gone up to around 11,000, RBI Governor Shaktikanta Das said. Addressing the 5th edition of the Global Fintech Fest here, Das said: “India is now a fast-growing economic […]

Several vehicle makers to offer discounts on their products against scrappage certificate

NEW DELHI: Several manufacturers of vehicles, both passenger and commercial, have decided to offer discounts on the purchase of new vehicles for a limited period against a certificate of deposit (scrappage certificate) of the old vehicles, an official statement said. This move came with the launch of the Centre’s Vehicle Scrapping Policy or Voluntary Vehicle […]