India to be high-middle income country by 2047: World Bank CEO

India at the 100th place - a 30-notch jump over the previous ranking in ease of doing Business. World Bank CEO Kristalina Georgieva said a jump of this nature is “very rare since the beginning of the survey 15 year ago”. “It is particularly rare when we talk about size of India. I understand that in a cricket-loving nation hitting a century is a very important milestone,” she said.“We know that there is a very strong condition that extreme poverty would be history in India. Extraordinary achievements in the last three decades, the per capita income has quadrupled,” she said. -Indianexpress

Bank recapitalisation plan to push GDP growth to 7% in FY19: Report

Recapitalisation plan for public sector banks to increase credit growth to 15 per cent and GDP numbers to 7 per cent in the next fiscal, says a report. "We expect 15 per cent EPS growth for Sensex target of 32,300 " it added. Growth at banking system was estimated to be 8 per cent in 2018-19.Credit system is expected to grow to 12-15 per cent during the time period under review.

Inflation is likely to increase for the coming months

Policy changes and rising prices of crude oil and certain raw materials are likely to push up consumer prices next month. Prices of ACs, fridge, washing machine, air fare,...