20/04/2024
- IMF raises India’s GDP growth projection for FY25 by 20 bps to 6.5%.
- Core sector growth hit about 3.8% in December due to high base. About 14-month low growth.
- January GST collection at Rs 1.72 lakh crores.
- India ranks 93 out of 180 countries in corruption index.
- RBI makes additional amount available to primary dealers under liquidity facility.
- The Government is considering tweaking production linked incentive schemes for certain sectors including textiles, food processing and pharmaceuticals. The changes would help these sectors attract more players.
- India April to December steel imports hit a 5 year high.
- RBI on Wednesday barred PAYTM Payments bank from accepting fresh deposits and carrying out transactions from Feb 29 this year.
- Tata Group is in an advanced talk with Taiwan’s Pegatron to form a partnership to run an IPHONE assembly plant being built in Tamil Nadu.
- Canada braces for possible wave of business bankruptcies and slowdown.
- India’s manufacturing PMI rose to 56.5 in Jan 2024.
- The US State Department has greenlit the sale of 31 MQ-9B Sea Guardian drones to India, marking a pivotal moment in bolstering the country’s defence capabilities. Packed with cutting-edge technology, these remotely-piloted aircraft systems are poised to be a game-changer for India’s military strategy.