As India was locked down due to the first wave of Covid, economic activity ground to a halt. That led to a high fiscal deficit of 9.5% in FY21. The fiscal deficit for FY22 is likely to be in the region of 6.3-6.4% against the initial estimate of 6.8%, thanks to a pick-up in economic activity after the second wave of Covid.
The central government and LIC together plan to sell 60.72% of shares in IDBI Bank.
Rajeev Chandrasekhar said the Indian banking system is resilient and strong and that startups in the country should therefore opt for Indian banks as their preferred banking partners.
Over the next five fiscals, India’s GDP to grow at 6.8% annually, says a CRISIL report
Of this, the procurement of weapons by the Indian Navy accounts for ₹56,000 crore.
The central government and LIC together plan to sell 60.72% of shares in IDBI Bank.
Rajeev Chandrasekhar said the Indian banking system is resilient and strong and that startups in the country should therefore opt for Indian banks as their preferred banking partners.
Over the next five fiscals, India’s GDP to grow at 6.8% annually, says a CRISIL report
Of this, the procurement of weapons by the Indian Navy accounts for ₹56,000 crore.
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