Indian economy to grow at lower rate in 2017-18 due to demonetisation: Paris-based think tank

Indian economy to grow at lower rate in 2017-18 due to demonetisation: Paris-based think tank

Indian economy is projected to grow at a lower than expected rate of 6.7 per cent this fiscal due to the “transitory effects” of demonetisation and the GST implementation, according to Paris-based think tank OECD. The Organisation for Economic Cooperation and Development (OECD) has also revised downwards its estimate for the country’s growth in next financial year (2018-19) to 7.2 per cent. For this period, the GDP expansion was pegged at 7.7 per cent in June. In 2017-18, India’s growth is forecast to be 6.7 per cent compared to June…

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Indian retail may grow to Rs 85 lakh crore by 2021: Report

Indian retail may grow to Rs 85 lakh crore by 2021: Report

Indian retail industry, growing at 10 per cent, may almost double to Rs 85 trillion (lakh crore) by 2021 steered by consumer data and technology disruptions, says a joint report by Ficci and Deloitte. According to the report, consumer data and technology disruptions will drive retail and FMCG sectors towards a new phase of growth where consumer experience will be the focal concern for all retailers and brands. “Consumer retail forms an integral part of the industry with current estimated size of more than Rs 45 trillion. It is further…

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5 Herbal Medicines You Can Grow in Your Balcony

5 Herbal Medicines You Can Grow in Your Balcony

How wonderful would it be to find a natural cure to all your problems right at home? Certain precious herbs can serve as natural solutions to some of the common health problems that you may face. Moreover, herbal substitutes are gaining an edge over artificial hair and skin care products. The good news is that these can be easily grown and maintained in your very own balcony and we’ll show you how. Here are five herbal plants that you must have at home: 1. Calendula Calendula is great for curing most…

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Part of brain continues to grow even in adulthood

Part of brain continues to grow even in adulthood

Have you ever noticed that the ability to recognise faces, a critical aspect for everyday social interactions, improves from childhood to adulthood? A study has revealed that in humans, a part of the brainresponsible for face recognition continues to grow into adulthood, while the region that helps to recognise places stays the same. The study was published in journal of Science. According to researchers, the ability to recognise faces, which is critical for everyday social interactions, improves from childhood to adulthood. In seeking to better understand brain activity to recognize…

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HSBC says GDP data concerns stay, India to grow slower at 7.4%

HSBC says GDP data concerns stay, India to grow slower at 7.4%

    NEW DELHI: India’s economy may grow at a slightly slower pace of 7.4 per cent this fiscal amid weaker global demand and risk aversion, says an HSBC report, flagging “methodological concerns” in computation of official GDP data. According to the global financial services major, some of the factors that are weighing on the economy include weaker global demand, banking sector risk aversion, sluggish domestic private investment, gradually climbing oil prices, and statistical auto-correction in growth prints. “All considered, we expect GDP growth to slow gently from 7.6 per…

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Who’s Next? Asia Investor Activism Set to Grow After BlackRock Public Campaign

Who’s Next? Asia Investor Activism Set to Grow After BlackRock Public Campaign

Hong Kong: Following a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015. In a ballot on Tuesday, BlackRock rejected G-Resources Group Ltd’s plan to sell its main asset, an Indonesian gold mine, saying it didn’t have confidence G-Resources would use the proceeds in investors’ best interests. Owning 8 percent of G-Resources, BlackRock urged other shareholders to follow suit. G-Resources, which has said it…

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