22
Wednesday
March 2023
8:46 AM IST
News Headlines
Selena Gomez sets record straight on her relationship status amid dating rumours        SC refuses to entertain plea challenging caste-based census in Bihar        Bangladesh police arrest six persons for selling fraud US visa stamps        Mumbai City FC on course to becoming ISL ‘Invincibles’        One held in Swati Maliwal case: Delhi Police        Congress takes dig at Modi over unemployment        Equalize        Mumbai City FC win 4-0 as Bengaluru FC’s misery deepens        Australia thrash undermanned England in first ODI        AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail        Erdogan announces extension of grain deal by 120 days        Musk hints at new chief for Twitter        PM to deliver opening address at 'No Money for Terror' event        Transparency, accountability are essence of governance in parliamentary democracy: Birla        Rajiv Gandhi assassination: Centre moves SC seeking review of its order on per-mature release of six convicts        Modi interacts with Biden, Sunak and Macron on sidelines of G20 summit        Rahul says only Congress can protect Constitution which is under constant attack from BJP        Centre misuses offices of Governors: Sitaram Yechury        Pollard announces IPL retirement, appointed as MI's batting coach        Twitter very slow in India: Elon Musk        
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Business News
World Bank slashes India's FY23 GDP growth forecast to 6.5 pc
 
New Delhi: Amid recession fears in major advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for financial year 2022-23 to 6.5% from its earlier estimate of 7.5%.

The global financial institution warned that spillovers from the Russia-Ukraine war and global monetary policy tightening will continue to weigh on India’s economic outlook.

"The spillovers from the Russia-Ukraine war and global monetary policy tightening will continue to weigh on India’s economic outlook: elevated inflation on the back of higher prices of key commodities and rising borrowing costs will affect domestic demand, particularly private consumption in FY2023/24, while slowing global growth will inhibit growth in demand for India’s exports," it said in its latest update.

The World Bank report further noted that private investment growth is likely to be dampened by heightened uncertainty and higher financing costs.

The lowering of India's growth estimate by the World Bank has come close on the heels of the Reserve Bank of India (RBI) also slashing its forecast for the current financial year to 7% from 7.2% earlier.


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KERALA NEWS
Top police official held in gang rape case
 Kozhikode: Police on Sunday arrested a Circle Inspector (station house officer) attached in Beypore  
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INTERNATIONAL NEWS
Bangladesh police arrest six persons for selling fraud US visa stamps
 Dhaka: Bangladesh police have arrested six persons who were selling fraudulent entry and exit stamps
Erdogan announces extension of grain deal by 120 days
Musk hints at new chief for Twitter
Modi interacts with Biden, Sunak and Macron on sidelines of G20 summit
NATIONAL NEWS
One held in Swati Maliwal case: Delhi Police
 New Delhi: A case has been filed at Kotla Mubarakpur Police Station and one person apprehended on th
PM to deliver opening address at 'No Money for Terror' event
Transparency, accountability are essence of governance in parliamentary democracy: Birla
Rahul says only Congress can protect Constitution which is under constant attack from BJP
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