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S&P Global Ratings anticipates India's economy will grow 6.5% this fiscal year. This revision considers normal monsoon and lower crude oil prices. Global uncertainties and Middle East unrest pose risks.
Will Public Provident Fund (PPF) rate fall below 7% for the first time in decades, influenced by the Gopinath Committee formula and fluctuating 10-year government bond yields? Despite the possibility of a rate cut, PPF remains an attractive investment due to its tax-free interest, especially compared to taxable bank deposits and capped Voluntary Provident Fund contributions.
Stock market recommendations: SBICAP Securities' Sudeep Shah suggests Trent and Bharti Airtel as top stock picks, citing positive technical indicators and potential for upward momentum. Nifty is expected to test 25400-25550, while Bank Nifty aims for 57000-57500.
India has made significant strides in sustainable development, securing 99th position in the 2025 SDG Index, a notable improvement from previous years. While global progress on SDGs is slow, East and South Asia have shown the most advancement. The report highlights the need for global financial system reforms to support emerging economies in achieving sustainable development goals by 2030.
Indian Railways is set to hike passenger train fares for the first time in several years. The minor increase in fares will be effective from July 1, 2025. Earlier this month, Indian Railways made a significant announcement requiring Aadhaar authentication for tatkal train ticket bookings.
Gautam Adani announced a $15-20 billion investment plan over the next five years, aiming to fuel the Adani Group's growth across its diverse infrastructure portfolio.
2025/07/02 03:45:16
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