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Morgan Stanley reports India is poised to become the world's most attractive consumer market, fueled by a major energy transition and increased manufacturing contribution to GDP. Fiscal consolidation, rising exports, and lower oil intensity are expected to reduce saving imbalances, leading to structurally lower real interest rates. Improved macroeconomic stability and household portfolio diversification underpin this positive outlook.
Treasury Secretary Scott Bessent urged the Federal Reserve to initiate interest-rate cuts, advocating for a 1.5 percentage point reduction from the current benchmark. Bessent suggested a 50 basis-point cut in September, believing revise ...more
An RBI panel suggests regulators should be lenient towards initial AI system errors in finance, provided adequate safety measures are in place, to foster innovation. The report emphasizes a framework built on trust, accountability, and ...more
The US national debt has surpassed $37 trillion, exceeding pre-pandemic forecasts due to Covid-19 spending and recent tax cuts. Experts warn that this rapid debt accumulation will lead to higher interest rates, reduced private sector in ...more
State Bank of India will levy nominal charges on IMPS fund transfers exceeding Rs 25,000 via online channels, effective August 15. These charges range from Rs 2 to Rs 10 based on the transaction amount, with GST applicable. Salary packa ...more
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