Gold Silver Reports – Union finance minister Arun Jaitley has said the Indian economy is set for a higher growth trajectory on the back of a slew of structural reforms.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Economic Indicators December 7, 2017
Economic Indicators to be Released on December 7, 2017 INDICATOR COUNTRY TIME (IST) ACTUAL FORECAST PREVIOUS IMPACT Unemployment Claims US 7.00pm — 241K 238K High ECB President …
Services PMI Signals Slowdown in Demand
Gold Silver Reports – As the Reserve Bank of India’s monetary policy committee is all set to deliver its verdict onc on Wednesday, the purchasing managers index (PMI) readings for November indicate that the economy is still not out of the woods.
Indian Economy no longer Dependent on the Oxygen of Govt Support
Gold Silver Reports – The key question the GDP growth numbers for the September quarter were supposed to answer was: Has the Indian economy recovered from the ravages of the introduction of the goods and services tax (GST)?
SBI Raises Bulk Deposit Rate by 1 Percentage Point
Gold Silver Reports – State Bank of India (SBI) raised interest rates on bulk deposits by 1 percentage point in certain categories, effective Thursday.
India’s largest lender increased interest rates by 1 percentage point across all maturities for bulk deposits greater than Rs1 crore. It left rates for deposits below Rs1 crore unchanged—these were last reduced by 25 basis points on 1 November.
Goldman Warns Highest Valuations Since 1900 Mean Pain Is Coming
Gold Silver Reports – Goldman Warns Highest Valuations Since 1900 Mean Pain Is Coming – A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Inc.
India Growth to Rebound to 8% in FY19, says Goldman
Gold Silver Reports – ✅ India’s economic growth will bounce back to 8% in the next fiscal year as one-time hits due to demonetisation and goods and services tax wear off and benefits due to formalisation of the economy, strong global growth and recapitalisation of public sector banks kick in, US-based investment bank Goldman Sachs (GS) said in its year-end forecast.