Tuesday, 12 April 2016

ECONOMIC NEWS 12 APRIL

MET Dept: India monsoon may be 106% of normal this year. Will update monsoon forecast in June as 2nd stage.

IMF cuts global growth forecast to 3.2% from 3.4% for 2016 & to 3.5% from 3.6% for 2017.
IMF: Keeps India FY17, FY18 growth forecast unchanged at 7.5%. Rises China GDP growth forecast to 6.5% from 6.3% for 2016.

Industrial output grows 2 percent in February - govt.

Meanwhile, India's annual consumer inflation eased for the second straight month to 4.83 percent in March, helped by smaller rises in food prices, government data showed on Tuesday 



Vijaya Bank cuts term deposit interest rates by 25 bps: PTI.


Govt Sources: , reviewing heavy borrowing by states. Review of states' borrowing based on bond market feedback.


Supreme Court for making public the loan default amount; RBI opposes 

Met Department Says: Temperature To Remain Above Normal In April-June

Met Department Says: 94% Probability That Rainfall Will Be Normal-To-Excess This Year

Indian Govt Aims To Complete IDBI Bank Stake Sale In 2 Months: IDBI .
IFC, Asian Dvpt Bk Keen On Buying Stake In IDBI Bank.


Anil Aggarwal
Owner & Manager at Anil Aggarwal Coaching
(A proprietorship concern for IBPS exam guidance and Bank Interview preparation)
 Mobile:                               +91 9811340788
E-mail ID:         anilakshita@yahoo.co.in
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