Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the MoSPI said "these are not official estimates" and the data will be released officially later.
“If we backtrack on what we have agreed, now or in the future, the markets will abandon us and we will not be able to refinance maturing loans on sustainable-debt terms,” Bank of Greece Governor Yannis Stournaras.
"Overall, we expect the current account deficit to widen to 2.8 per cent of GDP in FY19 from 1.9 per cent in FY18," the Japanese financial services major said.
Niti Aayog attributed the high growth achieved during the UPA government to untenable fiscal deficit and reckless expansion of bank credit that led to dramatic economic collapse.
“This country has plenty of human and natural resources that can rely on.”
Annual inflation in the 19 countries sharing the euro increased to 2.1 percent in July, European statistics office Eurostat said on Friday, confirming the rate was above the European Central Bank’s (ECB) target.
RBI Governor Urjit Patel has asked financial services providers to focus on cyber security and reasonableness of customer charges.
The country's forex reserves have declined by USD 25.147 billion between April 13 and August 10, with the rupee on a downward spiral since the beginning of the year forcing the Reserve Bank to sell dollars to defend the local currency.
Most domestic corporates, barring a few, can withstand the ongoing rupee plunge as the share of their dollar-linked earnings largely balance the share of their greenback-denominated debt, says a report.