RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present. He said the impact of the second wave of Covid has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis. Speaking at an event in Mumbai, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6% inflation band set by the government for it.
Coronavirus
Global Covid-19 caseload tops 174.7 mn
Washington (TIP): The overall global Covid-19 caseload has topped 174.7 million, while the deaths have surged to more than 3.76 million, according to the Johns Hopkins University. In its latest update on Friday, June 11, […]
Indian Americans
Indian-American rams vehicle into Disney World bus
ORLANDO, FL (TIP): An Indian-American allegedly rammed his vehicle into a Disney World bus after jumping a red light in Florida, leaving five persons injured, media reports said on Monday, August 7. Ritesh Bhagani, 34, […]
Business & Economics
Top 50 wilful defaulters owe over Rs 87,000 crore to banks; Mehul Choksi leads list
New Delhi (TIP)- The finance ministry has said that the top 50 wilful defaulters, which include companies like fugitive Mehul Choksi’s Gitanjali Gems Limited, and Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard […]
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