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- India must grow at 8% to be 'developed' by 2047, says World Bank's Kouame October 3, 2023India needs to achieve a growth rate of 8% to become a developed economy by 2047, according to the World Bank's India country director. The bank has kept its growth forecast for India at 6.3% for FY24, which is still one of the highest growth rates among major economies. Despite concerns about high inflation and interest rates, the Indian economy has sh […]
- UK PM Rishi Sunak says hopes to get free trade deal with India done October 3, 2023British Prime Minister Rishi Sunak has expressed his commitment to strengthening ties between India and the UK, including the possibility of a free trade agreement. During a reception by the Conservative Friends of India, Sunak reflected on his recent visit to India for the G20 Summit and highlighted the potential for cooperation in various sectors.
- Finance ministry seeks expenditure proposals from ministries for supplementary demands for grants October 3, 2023"While processing proposals for supplementary grants, the grant controlling authority must invariably identify savings within the grant so that the infructuous or inflated supplementary demands are weeded out and the eventuality of surrender after obtaining supplementary grant is avoided," finance ministry said.
- e-Kuber to be functional on March 31 for govt transactions: RBI October 3, 2023The office of Controller General of Accounts, Government of India has advised that in order to account for all the government transactions relating to receipts and payments in the financial year 2023-24 itself, it has been decided that March 31, 2024 (Sunday) be marked as a working day for such transactions, RBI said in a notification on Tuesday.
- US Fed rates, India's GDP, and more: Interview with World Bank's Country Director to India October 3, 2023
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