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Rating agency, Crisil Ltd has lowered its estimation for India’s gross domestic product (GDP) growth for the current fiscal to 8.1 percent from 8.5 percent.

Crisil attributed increasing inflation and interest rates, together with a declining global growth viewpoint for the downward revision of GDP.

In a declaration, the agency said that it anticipates overall growth to remain strong regardless of the moderation, which is driven by investment.

As the existing inflationary prospects are way beyond the RBI’s comfort zone of 4-5-5%, a cut in key interest rates has been rejected, the report said.

Islamabad, Apr 22 : Declaring it as a ‘negation of fundamental rights’ as enshrined in Pakistan’s Constitution, the country’s Supreme Court has scrapped the graduation condition for legislators imp

Melbourne, Apr. 23 : Australia’s Governor General, Sir Michael Jeffery, does not foresee an Australian republic during the reign of Queen Elizabeth II.

Manila - Seven suspected robbers were killed Wednesday in a shootout with police

Washington, April 23 : Purdue University researchers have proposed a new option for incorporating deforestation into the international climate change treaty.

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