A security guard stands in the lobby of the RBI headquarters in Mumbai. Reuters
As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports India’s economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth during the period. The Bank’s Economic Prospects Report released on Tuesday
New Delhi: Amid the rising mercury levels in India’s capital, the peak power demand touched 6,612 megawatt (MW), highest for the season and up by about 3,000 MW from the peak power demand recorded in the city in 2006. The power demand of the city had crossed the 6,000 MW mark last week and has been rising since then.
The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs1,00,289 crore from a year ago period staying above Rs1 lakh crore in monthly revenue mop-up.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, Japan's Nikkei returned from a two-day holiday to slip 0.4%. Hong Kong and Shanghai remain steady.
The pan-European STOXX 600 rose 1.3%, with Germany's DAX, London's FTSE 100 and France's CAC 40 gaining between 1.6% and 2.0%.
French business activity fell in September -- its first drop in four months -- according to a key survey released Wednesday which found firms blamed renewed coronavirus disruptions for the slowdown.