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Q3 GDP: India's GDP growth in Q3 may moderate to 6% as against 7.6% in Q2 FY24, report says

Indias Gross Domestic Product (GDP) is expected to moderate sequentially to 6.0% YoY in Q3 FY2024, according to credit rating agency ICRA. The moderation is attributed to the industrial and agricultural sectors, with a slowdown in government expenditure and an uneven monsoon impacting GDP growth. The contraction of 0.2% in total spending by the Indian Government and 25 states in the previous quarter may have dulled GDP growth.
Aditi Nayar Research Outreach Gross Domestic Product Reserve Bank Chief Economist Indian Government

Budget 2024 | Fiscal consolidation poses a challenge: Revised estimate for FY24 fiscal deficit is 5.8 per cent

A reality check reveals that Sitharaman has cut down on capex in the current financial year from Rs 10,00,961 crore (BE) to Rs 9,50,246 crore (RE) while she has spent more than the budget estimates under heads like defence and food and fertiliser subsidies
Arvind Subramanian Nirmala Sitharaman Narendra Modi International Monetary Fund Parliament On Finance Minister

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FirstBank: Unlocking wealth in salary account

Kayode Tokede examines ways monthly salary earners with FirstBank accounts can benefit from the lenderโ€™s numerous loans initiatives amid harsh economy In time past, monthly income earners โ€“ especially bank customers โ€“ were unable to have quick access to personal loans to meet their immediate financial needs due to the stringent conditions. The Central Bank…
Kayode Tokede First Bank Central Bank Nigeria Limited First Free Verve Master Card Issuance

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