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What is the revised GDP growth projection for India in FY25 according to Fitch Ratings?
What GDP growth rate does the Reserve Bank of India expect for Q1 FY25?
What GDP growth projection did S&P Global Ratings retain for India in FY25?
For which fiscal year is India’s GDP growth projected at 6.5% according to Fitch Ratings?
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What was India's Current Account Deficit (CAD) for three quarters of FY24?
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What is the projected GDP growth for India in FY27?
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What is the growth projection for India's GDP for full FY24 according to S&P Global Ratings?
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Which organization projected a CAD lower than 1% of GDP for FY24?
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Which company was fined Rs 41.5 lakh for non-compliance with KYC directions?
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What is the main reason for the cancellation of the planned auction of 10-year green bonds in June 2024?
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Which of the following companies is involved in the 5th cohort under RS?
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What is the projected GDP growth rate for India in FY25 according to the Asian Development Bank?
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How much is India's government debt projected to decrease as a percentage of GDP from FY24 to FY25?
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How much was Visa Worldwide Private Limited fined for non-compliance?
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What new regulations did the RBI introduce regarding offshore funds?
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According to the State Bank of India, what is the expected GDP growth rate for Q1 of FY25?
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What is the projected Current Account Deficit (CAD) for India in FY25?
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What did the cancellation of the green bond auction mark in terms of historical significance?
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According to the International Monetary Fund, what is the revised GDP growth rate for India for FY25?
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Who enacted the monetary penalty on Payment System Operators?
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What is the range of Gross Value Added (GVA) expected by the State Bank of India for FY25?
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Previously, Overseas Portfolio Investment (OPI) was only allowed if what conditions were met?
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What was the GDP growth rate for India in the first quarter of FY24?
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What was the previous forecast for India's Current Account Deficit (CAD) for FY24 before the recent update?
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What is the new WMA limit set by RBI for state governments and Union Territories effective from 1st July, 2024?
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What penalty did RBI impose on HSBC for non-compliance?
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What interest rate is announced by RBI for the FRSB 2034?
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What is the minimum investment amount for the FRSB?
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By what percentage did credit card spending increase year-on-year for FY24?
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Which bank led in card issuance in March 2024?
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What is the total number of credit cards issued in India by March 2024?
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What surveys were launched by RBI to provide input for the upcoming monetary policy?
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What is the primary aim of the collaboration involving Tata Power Solar Systems Limited and Bank of India?
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What technology is being used by SWIFT in partnership with Axis Bank to combat payment frauds?
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Which state in India is the first to implement a Disaster Risk Transfer Parametric Insurance Solution?
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What is unique about the RuPay Forex Card launched by Thomas Cook (India) Limited?
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What kind of partnership exists between SBI General Insurance Company Limited and HSBC India?
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Which company has partnered with AU Small Finance Bank to launch credit cards?
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What is the main focus of the ABC AU Flex credit card?
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Which feature is specifically included in the ABC AU Nxt credit card?
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Study Notes
India’s GDP Growth Projections
- Fitch Ratings projected India's GDP growth for FY25 at 7.2%.
- Reserve Bank of India (RBI) projected India's GDP growth for Q1 (April-June) FY25 at 7.3%.
- S&P Global Ratings retained India's GDP growth projection at 6.8% for FY25.
- Asian Development Bank (ADB) projected India's GDP growth for FY25 at 7%.
- State Bank of India (SBI) projected India's GDP growth for Q1 FY25 at 7.0% to 7.1%.
- International Monetary Fund (IMF) increased India's GDP growth projection by 20 basis points (bps) to 7% for FY25.
Other Notable Developments
- RBI canceled the planned auction of 10-year green bonds due to the lack of a “greenium,” indicating investors' reluctance to accept lower yields.
- RBI introduced new regulations permitting listed Indian companies and resident individuals to invest in offshore funds regulated by their fund managers under the Foreign Exchange Management Act, 1999 (FEMA Act).
- RBI raised the Ways and Means Advances (WMA) limit for state governments and Union Territories (UTs) from Rs 47,010 crore to Rs 60,118 crore.
- RBI imposed a monetary penalty of Rs 29.60 lakh on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non-compliance with credit card and debit card regulations.
- RBI announced an 8% interest rate on the Floating Rate Savings Bond (FRSB) 2034.
- RBI canceled the Certificate of Registration (CoR) of Acemoney(India) Limited due to irregular lending practices, barring the company from non-banking financial institution (NBFI) operations.
- RBI launched two surveys, 'Inflation Expectations Survey of Households (IESH)' and the 'Consumer Confidence Survey (CCS),' to obtain inputs for the upcoming bi-monthly monetary policy.
- Tata Power Solar Systems Limited (TPSSL) partnered with Bank of India (BOI) to facilitate easier financing for rooftop solar installations and electric vehicle (EV) charging stations.
- Society for Worldwide Interbank Financial Telecommunications (SWIFT) partnered with Axis Bank to launch an AI-driven pilot to prevent payment fraud in cross-border payments.
- Government of Nagaland signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) General Insurance Company Limited for the Disaster Risk Transfer Parametric Insurance Solution (DRTPS), making Nagaland the first state to implement such a program.
- Thomas Cook (India) Limited (TCIL) partnered with National Payments Corporation of India (NPCI) to launch the RuPay AED Forex Card for Indian travellers visiting the United Arab Emirates (UAE).
- SBI General Insurance Company Limited and HSBC India entered into a bancassurance partnership for the distribution of non-life insurance products.
- Aditya Birla Finance Limited (ABFL) and AU Small Finance Bank (SFB) Limited partnered to launch a range of co-branded Aditya Birla Finance AU credit cards, powered by Visa and RuPay networks.
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Description
This quiz covers the latest projections for India's GDP growth for FY25, including insights from Fitch Ratings, RBI, S&P Global Ratings, ADB, SBI, and IMF. It also touches upon notable developments in the Indian economy, particularly related to green bonds and offshore investments.
