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IMF LOWERS GLOBAL GROWTH FORECAST TO 3%; INDIA’S TO 6.4% Why in the News? IMF Outlook Update: The International Monetary Fund lowered its 2026 global growth forecast to 3.0% and marginally reduced India’s GDP growth forecast for FY2026–27 from 6.5% to 6.4%. Reason: The revision reflects heightened uncertainty due to West Asia tensions, elevated energy …
Read MoreLUXURY CESS MAY BE MERGED INTO GST STRUCTURE Why in the News? Cess expiry: The Compensation Cess, extended till March 2026, may be integrated into GST rates post-expiry. GST Council talks: The Finance Ministry supports integrating cess on luxury and sin goods like SUVs, tobacco, and aerated drinks. Eight-year journey: Introduced in 2017 to compensate …
Read MoreWhy in the news? Continuum Green Energy plans to raise $150 million from private equity investors. $150 million funding at $1 billion valuation. Founders increased stake, reducing Morgan Stanley’s share. Upcoming IPO planned to raise $400 million. About Continuum Green Energy (India) Private Limited: Continuum Green Energy is an unlisted private company from Coimbatore, Tamil …
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