Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rbis-move-to-raise-rates-good-monsoon-will-help-contain-inflation-cii-prez/articleshow/91597596.cms Synopsis The Reserve Bank’s decision to raise benchmark interest rates and the likelihood of a good monsoon will help in containing inflation, Sanjiv
Day: May 16, 2022
*****Inflation India: How a detergent could have helped RBI act swiftly on inflation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/how-a-detergent-could-have-helped-rbi-act-swiftly-on-inflation/articleshow/91587940.cms Synopsis “Almost 30% of our business comes from packs that operate at magic price points,” Ritesh Tiwari, the chief financial officer of Hindustan
*****What India’s u-turn on wheat exports means for world markets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/what-indias-u-turn-on-wheat-exports-means-for-world-markets/articleshow/91599487.cms Synopsis Lower output coupled with strong export demand then pushed local prices higher, often above the government’s fixed procurement price. India’s ban on
*****india export ban: Why did India suddenly ban wheat exports? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/why-did-india-suddenly-ban-wheat-exports/articleshow/91597372.cms Synopsis India previously said it was ready to help fill some of the supply shortages caused by the February invasion of Ukraine, which
*****The probability of stagflation worries mkts: Valentis Advisors MD Jaipuria | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/the-probability-of-stagflation-worries-mkts-valentis-advisors-md-jaipuria-122051500845_1.html In conversation with Sundar Sethuraman, he says foreign flows may move to some of the under-performing markets within the emerging markets (EMs) Jyotivardhan
*****NPA: A monster created by RBI’s forbearance? | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/npa-a-monster-created-by-rbi-s-forbearance-122051500897_1.html In August 2008, the RBI allowed banks to restructure bad debt. It was a one-time measure put in place till June 30, 2009,
*Damaging India’s credibility | Business Standard Editorials
lipped from: https://www.business-standard.com/article/opinion/damaging-india-s-credibility-122051500947_1.html Wheat export ban should have been avoided The Directorate General of Foreign Trade (DGFT) in the Union government, through a notice in the
*****Limit Section 54 benefit to curb money laundering | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/limit-section-54-benefit-to-curb-money-laundering-122051501039_1.html Section 54 tax exemption should not be available if the taxpayer already owns two or more properties on the date of sale of
*****Govt must cut import duty rates to combat inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-must-cut-import-duty-rates-to-combat-inflation-122051600042_1.html Our government need not merely wait for the global commodity prices to drop but take active measures to supplement the actions of the
*****Expect slippages, credit cost to come down further: Bank of Baroda MD & CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/expect-slippages-credit-cost-to-come-down-further-bank-of-baroda-md-ceo-122051600047_1.html Sanjiv Chadha, in an interview with Manojit Saha, says it was a conscious decision not to chase corporate loans and focused on segments
*****RBI not ‘behind the curve’ in hiking rate, says MPC member Ashima Goyal | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-not-behind-the-curve-in-hiking-rate-says-mpc-member-ashima-goyal-122051500215_1.html While noting that Inflation has just exceeded RBI’s tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand and wages are
*Am hoping govt, RBI will control inflation in medium term: EAC-PM member | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/am-hoping-govt-rbi-will-control-inflation-in-medium-term-eac-pm-member-122051500496_1.html Sanjeev Sanyal tells reporters govt is taking several steps to rein in process, including free rations, pruning of taxes; RBI has increased policy
*****Dunzo, PhonePe among 24 e-commerce firms joining India’s open network | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dunzo-phonepe-among-24-e-commerce-firms-joining-india-s-open-network-122051500813_1.html Real-time transactions in retail and food delivery have started in Delhi, Bengaluru, Shillong While ONDC is a private sector-led non-profit organisation, on the
*****In struggle to get employees back to office; companies tread cautiously | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/in-struggle-to-get-employees-back-to-office-companies-tread-cautiously-122051500961_1.html In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy
*****Centre agrees to accept 7.5 mt shrivelled wheat already procured, relaxes norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/centre-agrees-to-accept-75-mt-shrivelled-wheat-already-procured-relaxes-norms/article65416867.ece Quality of wheat with shrivelled and broken grains has been relaxed up to 18% from 6% without value cut Worried over the low
*****Does RBI’s inflation band need a relook? – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/does-rbis-inflation-band-need-a-relook/article65417016.ece The target of 4% with a 2% band either way may appear too restrictive, given today’s situation. RBI needs more elbow room As
*****Up and away – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/all-instruments-of-monetary-and-fiscal-policy-have-to-be-unleashed-to-combat-inflation-which-is-now-widespread/article65416629.ece All instruments of monetary and fiscal policy have to be unleashed to combat inflation which is now widespread The consumer price index for
Foreign investors’ pull out ₹25,200 crore from equity market in May so far – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/foreign-investors-pull-out-25200-crore-from-equity-market-in-may-so-far/article65416291.ece FPIs remained net sellers for seven months to April 2022 The relentless selling of Indian stocks by foreign investors continued, as they pulled
Will Ambuja Cement-ACC sale get CCI approval with a penalty overhang? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/will-ambuja-cement-acc-sale-get-cci-approval-with-a-penalty-overhang/article65416470.ece While the large corporates are vying to acquire the priced assets of Ambuja Cement-ACC combine from the Swiss-headquartered Holcim Group, the deal may
‘L&T will become a zero-debt company soon’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/lt-will-become-a-zero-debt-company-soon/article65416747.ece Have identified three entities to pare stake in — Hyderabad Metro, Nabha Power and L&T Infrastructure Development, says MD & CEO May 15