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FY 20

Dec 08, 2019, 01.31 PM IST

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FY 20

India's real GDP growth in FY20 to come below 5%: IHS Markit

India's real GDP growth in 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said.

Surprise: RBI holds repo, cuts FY20 GDP forecast

Some corporate voices backed RBI’s move but with caveats.

BSE Star MF does 3.4 crore transactions worth Rs 1.17 lakh cr in FY20

The number of transactions in the period under review was 56 per cent h...

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  • CPI inflation projection wad revised upwards to 5.1-4.7 per cent for the second half of FY20.

    RBI has revised growth forecasts to 4.9-5.5% for H2 of this fiscal and 5.9-6.3% for H1 2020-21.

    Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent. The bank mobilised total deposit of Rs 9,792.45 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank ahead of its Annual General Meeting.

    AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.

    Bathwal said the penetration is still low in individual health insurance in the country. Around 50 crore people have been covered by health insurance of which 36 cr are by Ayushman Bharat scheme of the govt while around 9 cr are covered by corporate health insurance. `` The number of people who have taken individual insurances is only about 4 cr.’’

    Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its total income grow by over 56 per cent to Rs 83.62 crore in 2018-19 from Rs 53.47 crore in the previous financial year.

    The move comes ahead of the RBI's announcement on lending rates on December 5. The RBI's monetary policy committee (MPC) will meet between December 3-5 to review the interest rates. Crisil's revision, which is among the lowest, comes within days of the official data showing a further slip in the second quarter growth to 4.5 per cent.

    JSW Steel is supplying to metro rail projects in Mumbai, Nagpur, Pune, Bangalore, Chennai, Kolkata, Indore, Bhopal, Lucknow & Ahmedabad. The ongoing supplies, as well as those already completed during the current fiscal, will boost JSW Steel’s supplies to Metro rail projects by more than Rs 600 crore following successful completion of these deliveries.

    "The company expects to increase its supplies to the metro rail projects."

    Momentum in the rupee is expected to remain slightly negative.

    The government has allocated Rs 937 crore for exploration of mines that are not associated with Coal India, for the ongoing financial year, Parliament was informed on Monday. Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha.

    Total expenses for fiscal year 2019 came in at Rs 514.52 crore, up about 20% compared to the year-ago period when expenses were at Rs 429 crore.

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