RBI extends authorization issued to Vakrangee to own and operate WLA

The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs (WLA) in India. The validity of authorization has been extended till 31 ..

S&P Global Ratings lowered India’s economic growth forecast to 5.2% for 2020

S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020. The agency also estimated that the Asia-Pacific economic growth in 2020 ..

Marginal decline in number of job seekers

The Union Labour Minister Santosh Kumar Gangwar recently informed that the number of job seekers in the country marginally declined between 2015 and 2017 from 4.35 crore in 2015 to 4.24 crore in 2017. This is the count of job ..

OECD lowers India’s GDP growth forecast to 5.1%

International agency OECD recently lowered India’s GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020-21. For the financial year ending March 2019, OECD has projected a growth rate of 4.9%. The main ..

India emerged as 5th largest economy in 2019

World Population Review, a US-based think tank, recently stated in its report that India emerged as the world’s fifth largest economy in 2019, with a GDP of $ 2.94 trillion. India has overtaken the UK and France, to be placed ..

Moody’s lowers India’s GDP forecast to 5.4% for 2020

American Credit rating agency, Moody’s Investors Service has lowered India’s growth forecast to 5.4 per cent for the year 2020. Earlier, the country’s growth was estimated as 6.6 per cent. Moody’s said in its update on Global Macro Outlook that ..

Fitch Ratings estimates India’s FY21 GDP growth at 5.6%

Fitch Ratings recently released its forecast for India’s economic growth for the next financial year. It estimated a growth rate of 5.6 per cent, which is lower than the 6-6.5 per cent growth rate, as projected by the Indian government ..

Gender Diversity Report 2019

The Gender Diversity Report 2019 was released as a part of the India Skills Report 2019. What percentage of Women work globally? 79.9% of women in Nepal work, the highest percentage of women working in the world in a country, ..

India’s data localisation plans hang in the balance

India’s data localisation plans hang in the balance as it will join the other Regional Comprehensive Economic Partnership (RCEP) countries. What is the issue? The RCEP meeting will take place in Bangkok from October 10-13. If India agrees to the ..

Slowdown effects more pronounced in India: IMF

The new International Monetary Fund (IMF) chief Kristalina Georgieva warned that the global economy is witnessing ‘synchronised slowdown’ which will result in slower growth for 90% of the world this year. The largest emerging market economies like India are experiencing ..