Clipped from: https://www.thehindubusinessline.com/opinion/editorial/back-with-a-bang/article65382087.ece The Reserve Bank of India (RBI) Governor Shaktikanta Das gestures as he arrives at a news conference after a monetary policy review in
Day: May 5, 2022
*****Sustaining export growth | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sustaining-export-growth-122050401289_1.html Commodity prices will push up trade deficit The Union Ministry of Commerce has released the preliminary data for India’s merchandise trade during April.
*****Course correction | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/course-correction-122050401281_1.html RBI has been slow in withdrawing accommodation The Reserve Bank of India (RBI) has eventually decided to adjust to the evolving economic reality. The Monetary Policy
*****RBI’s interest rate hike forefronts inflation as the big challenge in the months ahead–Times of India
lipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/rbis-interest-rate-hike-forefronts-inflation-as-the-big-challenge-in-the-months-ahead/ Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who
*****Turbulence ahead: RBI makes it clear inflation is now the big challenge, governments need to gear up to fight it–Times of India
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/turbulence-ahead-rbi-makes-it-clear-inflation-is-now-the-big-challenge-governments-need-to-gear-up-to-fight-it/ TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues
*****Inevitable increase: The Hindu Editorial on RBI’s interest rate hike – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/inevitable-increase-the-hindu-editorial-on-rbis-interest-rate-hike/article65381640.ece The RBI’s increase in interest rates was long overdue The RBI’s increase in interest rates was long overdue The penny has dropped. After
*****The day RBI moved the rates | Deccan Herald
lipped from: https://www.deccanherald.com/opinion/the-day-rbi-moved-the-rates-1106602.html Finance ministry was keen for more accommodation to keep the growth trends going even at the cost of higher inflation, but the numbers
*****US Federal Reserve raises interest rate by half point to contain inflation | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/us-federal-reserve-raises-interest-rate-by-half-point-to-contain-inflation-1106541.html Inflation has become an overriding concern after the world’s largest economy saw annual consumer prices jump 8.5% over the 12 months to March
*****‘Unkindest’ rise in interest rates | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/unkindest-rise-in-interest-rates-1106535.html The unscheduled rate hike is too sudden, too steep, and most ill-timed It is for the first time since August 2018 that the
*****With repo rate hike, RBI has done what’s necessary | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/with-repo-rate-hike-rbi-has-done-whats-necessary-7901835/ It may have surprised the markets, but the move was prudent. More hikes are likely to follow By pledging to remain accommodative to
*****Repo Rate News here; RBI hikes repo rate by 40 bps to 4.40%–Indian Express
Clipped from: https://indianexpress.com/article/business/economy/rbi-governor-shaktikanta-das-live-updates-inflation-7900659/ By hiking the Repo rate and CRR, the RBI is aiming to keep inflation – which is already close to 7 per cent
*****GST’s next step — reforms: Good time to reduce slabs as tax mop-up is on an upswing | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gsts-next-step-reforms-good-time-to-reduce-slabs-as-tax-mop-up-is-on-an-upswing/2510813/ Currently there are four main slabs—5%, 12%, 18% and 28%. One option, reportedly being proposed by the tax authorities, is to merge the
*****Shifting Narratives: Supreme Court weighs down on Sebi’s burden on insider trading | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/shifting-narratives-supreme-court-weighs-down-on-sebis-burden-on-insider-trading/2511882/ The apex court’s decision in the PC Jeweller case limits the scope of application of circumstantial evidence without corroboration As per Sebi, the
*MeitY to train 85,000 engineers on chip design in next 5 years – BusinessToday
Clipped from: https://www.businesstoday.in/technology/news/story/meity-democratising-chip-designing-to-train-over-85000-engineers-in-next-5-yrs-332339-2022-05-04 Ashwini Vaishnaw, Minister for Electronics & Information Technology envisions making available a design talent pool of highly skilled engineers for turning India into
*Tax reassessment: Supreme Court sets aside HC orders, revives show-cause notices | The Financial Express
Clipped from: https://www.financialexpress.com/economy/tax-reassessment-supreme-court-sets-aside-hc-orders-revives-show-cause-notices/2513244/ The SC order would mean that the the change in law can’t be an alibi for taxpayers to escape the proceedings initiated via
*****Arming to change inflation projection – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/arming-to-change-inflation-projection/articleshow/91324656.cms Synopsis The MPC has retained its accommodative stance with India that will be caught in a global slowdown. RBI’s Monetary Policy Committee (MPC) has stepped
*****Will the market understand Shaktikanta Das’ motivations and trust him again? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-will-the-market-understand-shaktikanta-das-motivations-and-trust-him-again/articleshow/91325002.cms Synopsis So, what changed? A congeries of thoughts linked to the economy as well as political economy could have prodded him to take
*****More rate actions likely as price pressure may sustain over 6%, say economists – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/more-rate-actions-likely-as-price-pressure-may-sustain-over-6-say-economists/articleshow/91316778.cms Synopsis Some economists are now anticipating more rate rises in the year as price pressure may sustain above the Reserve Bank of India’s
*Fed hikes rates half point, will shrink assets to curb inflation – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/stocks/news/fed-hikes-rates-half-point-will-shrink-assets-to-curb-inflation/articleshow/91324995.cms Synopsis It will begin allowing its holdings of Treasuries and mortgage-backed securities to decline in June at an initial combined monthly pace of
*Food secretary: Govt’s wheat purchases set to halve; no plans to curb exports: Food secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/govts-wheat-purchases-set-to-halve-no-plans-to-curb-exports-food-secretary/articleshow/91321896.cms Synopsis Addressing a press conference, food secretary Sudhanshu Pandey said: “We don’t see a case for any control on exports. ….Wheat exports are