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Lanka Dinakar criticises Opposition over 7.8% GDP growth claims

Lanka Dinakar, chairman of the 20 Points Programme (Viksit Bharat – Swarna Andhra Pradesh), criticised Opposition parties for portraying India’s 7.8% GDP growth as 2.6%. He said the claim was based on mixing the 2011–12 and 2022–23 GDP series and argued that 2022–23 was chosen as the new base year after review by the Advisory Committee on National Accounts Statistics.

Economy Lanka Dinakar GDP Advisory Committee on National Accounts Statistics

SGB 2021-22 Series VI premature redemption due on 7 September 2026 at ₹15,334 per unit

The premature redemption date for Sovereign Gold Bond 2021-22 Series VI is September 07, 2026. The redemption price is fixed at ₹15,334 per unit, based on the simple average closing price of gold for September 02, 03 and 04, 2026.

Economy Sovereign Gold Bond IBJA gold

RBI imposes ₹6.20 lakh penalty on Hinduja Leyland Finance Limited

RBI imposed a monetary penalty of ₹6.20 lakh on Hinduja Leyland Finance Limited for non-compliance with directions on pricing of microfinance loans and securitisation of standard assets. The action followed a statutory inspection with reference to the company’s financial position as on March 31, 2025.

Economy RBI Hinduja Leyland Finance microfinance loans

RBI imposes ₹26,82,800 penalty on TransUnion CIBIL Limited under Credit Information Companies Act, 2005

The Reserve Bank of India imposed a monetary penalty of ₹26,82,800 on TransUnion CIBIL Limited for non-compliance with RBI directions on compensation for delayed updation or rectification of credit information. RBI said the company failed to credit compensation to the bank accounts of certain eligible complainants within the prescribed period.

Economy RBI TransUnion CIBIL Credit Information Companies Act

RBI imposes ₹6,89,600 penalty on CRIF High Mark Credit Information Services Private Limited

The Reserve Bank of India imposed a monetary penalty of ₹6,89,600 on CRIF High Mark Credit Information Services Private Limited. The company failed to credit compensation to eligible complainants within the prescribed period under RBI directions on delayed updation or rectification of credit information.

Economy RBI CRIF High Mark credit information

RBI imposes ₹4.20 lakh penalty on Sammaan Finserve Limited

The Reserve Bank of India imposed a monetary penalty of ₹4.20 lakh on Sammaan Finserve Limited. The company failed to report credit information of its borrower to CRILC, according to the article.

Economy RBI Sammaan Finserve CRILC

RBI imposes ₹1,19,400 penalty on Equifax Credit Information Services Private Limited

The Reserve Bank of India imposed a monetary penalty of ₹1,19,400 on Equifax Credit Information Services Private Limited. The action was for non-compliance with RBI directions on compensation for delayed updation or rectification of credit information.

Economy RBI Equifax credit information

Piyush Goyal calls for a nationwide FTA utilisation drive to expand India’s global trade footprint

Union Commerce and Industry Minister Piyush Goyal called for a nationwide drive to utilise free trade agreements. The aim mentioned is to expand India’s global trade footprint.

Economy Piyush Goyal Commerce Ministry FTA

India’s GDP growth was 7.8%

The article highlights India’s GDP growth figure of 7.8% and says it has sparked a maths debate. This is a standard economy fact that can be asked in exam-style questions.

Economy India GDP growth

World Bank ED Neelkanth Mishra calls 2.6% GDP growth claim wrong

World Bank Executive Director Neelkanth Mishra rejected claims that India’s economy grew by only 2.6% in the first quarter of the current fiscal year. He said the new series introduced in February 2026 improved the methodology and credibility of real-output estimates.

Economy World Bank Neelkanth Mishra GDP

RBI’s FCNR(B) Swap Facility mobilises over $52.8 billion through GIFT IFSC

GIFT IFSC is described as an international banking hub that mobilised over $52.8 billion under RBI’s FCNR(B) Swap Facility. The same update also mentions $11.62 billion in ECBs and $11.12 billion in bond listings by banks in IFSC exchanges.

Economy GIFT IFSC RBI FCNR(B)

India records 7.8% GDP growth in Q1

The article states that India achieved 7.8% GDP growth in the first quarter. It presents the figure as part of the government's explanation of how the growth was achieved.

Economy India GDP Q1

India posts 7.8% real GDP growth in Q1 of fiscal 2026-27

India’s economy grew 7.8% in real terms in the first quarter of fiscal 2026-27, according to the revised GDP series. Commerce and Industry Minister Piyush Goyal defended the figure and said critics were comparing an old series with a new one after the base year changed.

Economy Piyush Goyal GDP India

India’s Q1 GDP growth rate is 7.8%

India’s GDP growth for the first quarter was reported at 7.8%. The article also notes that this growth comes amid emerging economic risks.

Economy GDP India Q1

Congress questions 7.8% GDP growth in India’s April-June quarter of 2026-27

The Congress criticised the government’s celebration of 7.8% GDP growth in the first quarter of 2026-27 and called the Prime Minister’s video on the issue a PR exercise. Jairam Ramesh also questioned the GDP methodology, alleging a mismatch between nominal and real GDP and citing changes in calculation methods.

Economy Congress GDP Narendra Modi

Prime Minister congratulates nation on 7.8% GDP growth

The article says the Prime Minister congratulated the nation on achieving 7.8% GDP growth. It adds that he highlighted surging economic confidence.

Economy PM GDP growth India

PM Modi hails 7.8% GDP growth and urges 'Wed in India' and fewer gold purchases

The article says the Prime Minister highlighted 7.8% GDP growth and linked it to rising economic confidence. It also mentions his appeal to promote 'Wed in India' and avoid unnecessary gold purchases.

Economy PM Modi GDP growth India

India’s Q1 GDP growth rate is 7.8%

India’s gross domestic product (GDP) growth for the first quarter is stated as 7.8%. The article presents this as a sign of strong economic resilience.

Economy India GDP Q1

Bihar CM urges Union Minister C.R. Patil to speed up irrigation and flood projects

Bihar Chief Minister Samrat Choudhary met Union Minister of Jal Shakti C.R. Patil and sought faster action on water resource, irrigation and flood management projects for Bihar. He cited projects such as the Kosi-Mechi Inter-State River Link Project, the Western Kosi Canal ERM and flood-control works, along with pending approvals and fund releases.

Economy Bihar Samrat Choudhary C.R. Patil

Prime Minister lauds India’s 7.8% GDP growth

The article only states that the Prime Minister lauded India’s 7.8% GDP growth. No further context is provided in the text, so the usable fact is limited to that figure and the PM’s reaction.

Economy Prime Minister GDP India
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