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Economists predict slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared to RBI's 7% projection. High-frequency data reveals mixed indicators for consumption and investment sectors. Weaker exports, consumption spending, and construction activity contribute to the lowered growth forecast, despite increased government and agricultural spending.
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News and Media
RBI has shortened the timeframe for classifying wilful defaulters. Banks now have six months to complete the process. This decision aims to prevent asset value decline. The process involves internal committees and hearings with borrowers. Borrowers deliberately delaying proceedings prompted the RBI's action. This move protects lenders and maintains financial stability.
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News and Media
Elon Musk's British cousin criticized him. Musk reportedly dismissed a family member's attempt to connect. The cousin called Musk's political opinions 'stupid'. He expressed shock at Musk's transformation. The cousin also mentioned a link to the White House. Another family member confirmed Musk's lack of interest in the family.
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News and Media
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