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Economy

Overall despite some slowdown in demand, the overall economic strength remains intact. 
Growth prediction

SBI’s eco research dept upgrades India’s FY24 GDP forecast 50 bps to 6.7 per cent

Strong show

Manufacturing PMI hits 31-month high in May on new orders

Economic growth

JP Morgan raises India's FY24 GDP forecast to 5.5%

‘Significant changes’

Morgan Stanley report on India's transformation under Modi indictment of UPA's lost decade: Rajeev Chandrasekhar

Solid performance

6.1% GDP expansion in Q4 seen taking FY23 growth to 7.2%

CGA data

Centre keeps fiscal deficit at revised estimates target of 6.4% in FY23

(PIC: Canva)

Tax.  GST collection in May jumps 12% y-o-y to ₹1.57-lakh crore

In a statement, the Finance Ministry said the monthly GST revenue stands at over ₹1.4-lakh crore for the 14th consecutive month
By Shishir Sinha
 While there is a price cap on Russian oil, no such cap exists on steel coming in from Russia.
Economy

Indian steel mills go back to traditional import markets, pushing Russia out of top five

‘Stitch in time’

Global brands return to Indian garment market after a lull

Agri Business

India’s wheat, rice stocks comfortable to meet needs, says Food Ministry

Today’s Poll

Public sector banks have been instructed to ensure a smooth exchange/deposit process, unlike during the 2016 demonetisation.
Will the scrapping of ₹2000 banknotes impact the economy?



Need of the hour

CII President urges RBI to maintain key repo rate, change stance to “Neutral”

Economy

Power consumption grows marginally by 1.04% to 136.56 billion units in May

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