Strong tax collections, both direct and indirect, suggest the economy might be doing better than what is being currently measured, Nageswaran said.
SBI’s asset quality improved, with gross non-performing assets (NPAs) declining to 2.76 per cent from 3.91 per cent.
The government believes that the terms of use of global social media companies like Meta and Google do not offer Indian users enough understanding of the types of content that violate specific laws of the country.
Among major markets, the UK led with 16.1 per cent growth, whereas segments such as life sciences and healthcare witnessed 10.1 per cent growth, and manufacturing saw 9.4 per cent rise, TCS said.
Brent crude futures climbed 57 cents, or 0.6 per cent, to $90.40 a barrel by 0321 GMT, while US West Texas Intermediate crude futures increased 54 cents, or 0.6 per cent, to $86.03 a barrel.
Lenders are not enthused by the proposal of Vedanta Ltd to split the company into six independent units as it’s expected to reduce the fungibility of cash flows across businesses and increase earnings volatility.
The wholesale price index (WPI) based inflation rate has been in the negative since April and was (-)1.36 per cent in July. In August last year it was 12.48 per cent.
He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index.
Total interest payable for a tenure of 20 years now exceeds the principal amount
Headline consumer price index (CPI)-based inflation is expected to harden significantly in July-August, driven by the spike in tomato and other vegetable prices, Das wrote in the minutes.