Tag: Global Financial Crisis
India committed to reduce budget deficit over medium term, says Fitch Ratings
Indian government is committed to reducing the budget deficit over the medium term even amid the demands that governing in coalition will impose on the…
Low inflation and currency can amplify GDP to $55 trillion by 2047: Krishnamurthy Subramanian
The long-term forecast of India’s growth potential misses a key variable – the currency movement. Krishnamurthy Subramanian, executive director at the International Monetary Fund and…
View: Banking sector recovery has given leg up to GDP growth
The recently announced betterthan-expected GDP growth number for 2022-23 has triggered discussions about the current Indian macroeconomic policies. The impressive recovery of the banking sector…
Not activating counter-cyclical capital buffer, says RBI
The Reserve Bank on Thursday said it has been decided not to activate countercyclical capital buffer (CCyB) at this point as it is not required….
Credit Suisse overstated financial prospects to shareholders, charges lawsuit
Bloomberg | | Posted by Singh Rahul Sunilkumar Credit Suisse Group AG was hit with its first US investor lawsuit over the bank’s recent difficulties,…
Number theory: Understanding the Union Budget’s tax calculations
A higher tax buoyancy than 2022-23 is among the most crucial assumptions in the 2023-24 Budget. Tax buoyancy measures changes in taxes per unit change…