Clipped from: https://www.thehindubusinessline.com/economy/india-records-87-gdp-growth-rate-in-fy22-q4-growth-down-at-41/article65480825.ece Better placed than many countries to support growth, says CEA V Anantha Nageswaran India reported economic growth rate of 8.7 per cent against
Month: June 2022
*****Q4FY22 GDP data show the scars of Omicron and Ukraine war – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/still-in-the-woods/article65480873.ece The NSO’s latest provisional estimates of India’s GDP growth for Q4 and full-year 2021-22 are largely devoid of negative surprises. The topline numbers,
*****FY23 begins on a strong note for banks with double digit credit growth in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fy23-begins-on-a-strong-note-for-banks-with-double-digit-credit-growth-in-april/article65480991.ece Credit registered a growth of 11.3 per cent year-on-year in April 2022, up from growth of 4.7 per cent a year ago FY23
*****OPS, NPS and the AP alternative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ops-nps-and-the-ap-alternative/article65481198.ece The old pension system is fiscally onerous and the NPS niggardly. The AP govt’s formula is worth looking at The outcomes (in terms
*Eurozone inflation hits record 8.1 per cent amid rising energy costs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/eurozone-inflation-hits-record-81-per-cent-amid-rising-energy-costs/article65481339.ece Soaring prices are weighing on household finances London, May 31 Eurozone inflation hit a record 8.1 per cent in May amid surging energy
Despite export ban, FCI procures only 6 lakh tonnes of wheat – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/despite-export-ban-fci-procures-only-6-lakh-tonnes-of-wheat/article65481038.ece Despite the Centre banning wheat exports from May 13, the Food Corporation has not been able to muster enough of the grain for
*Will back Fed on inflation by cutting on demand: US President Joe Biden | Business Standard News
Clipped from: https://www.business-standard.com/article/international/will-back-fed-on-inflation-by-cutting-on-demand-us-president-joe-biden-122060100059_1.html Biden said his “predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of inflation. I won’t
*****Cryptocurrencies becoming a popular option in US to fund retirement | Business Standard News
Clipped from: https://www.business-standard.com/article/international/cryptocurrencies-becoming-a-popular-option-in-us-to-fund-retirement-122053101604_1.html Some 27% of Americans aged 18-60 – around 50 million people – have owned or traded crypto in the past six months, a
Sebi fines Rs 10.25 crore on Commex Technology in GDR manipulation case | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-fines-rs-10-25-crore-on-commex-technology-in-gdr-manipulation-case-122053101413_1.html It was observed that Commex had issued 19,06,790 GDRs raising USD 9.99 million in May 2009 and the entire GDR were subscribed by
*****Behind the bounce | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/behind-the-bounce-122053101694_1.html Growth has not come roaring back after the pandemic On Tuesday, the National Statistical Office (NSO) released its provisional estimates of gross domestic
*****Q4 GDP numbers a positive surprise with growth coming in at 4.1% | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/q4-gdp-numbers-a-positive-surprise-with-growth-coming-in-at-4-1-122060100048_1.html The implicit inflation in FY22 works out at 10 per cent, with the nominal GDP growth at 19.5 per cent The provisional estimates
*Mudra loans worth Rs 36,578 cr sanctioned to 5.4 mn borrowers in April-May | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/mudra-loans-worth-rs-36-578-cr-sanctioned-to-5-4-mn-borrowers-in-april-may-122053101011_1.html A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the scheme in seven years since inception About
*Credit offtake remains robust in April across sectors, shows RBI data | Business Standard News
lipped from: https://www.business-standard.com/article/finance/credit-offtake-remains-robust-in-april-across-sectors-shows-rbi-data-122053101547_1.html Loans to medium-sized industries gerew 53.5% this April as compared with 44.8% a year ago Illustration: Ajay mohanty Building on the momentum in
*IMF may lower India’s GDP growth projection for 2022 to below 8.2% | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/imf-may-lower-india-s-gdp-growth-projection-for-2022-to-below-8-2-122053101281_1.html The IMF had cut India’s gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its
*India’s per capita income remains below pre-Covid level in 2021-22 | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/india-s-per-capita-income-remains-below-pre-covid-level-in-2021-22-122053101435_1.html However, the per capita income based on Net National Income (NNI) at constant price grew by 7.5 per cent in FY22 over the
Centre hikes premium for flagship insurance schemes as claims rise | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-hikes-premium-for-flagship-insurance-schemes-as-claims-rise-122053101447_1.html Premium raised first time in seven years, will make schemes viable and encourage more private insurers to join The Centre has increased the
Govt releases Rs 86,912 cr to states, clears entire GST compensation dues | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-releases-rs-86-912-cr-to-states-clears-entire-gst-compensation-dues-122053101772_1.html To meet the shortfall in GST compensation to states, the Centre said that it borrowed Rs 1.59 trillion in FY22 and Rs 1.1
*Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/revenue-spend-may-be-cut-to-limit-slippage-finance-secretary-tv-somanathan-122060100031_1.html To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices
Two years on, not one Indian app within reach of TikTok’s popularity | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/two-years-on-not-one-indian-app-within-reach-of-tiktok-s-popularity-122053101159_1.html A BS analysis shows no Indian app has been able to garner as many unique visitors as TikTok did before it was banned
*****India’s GDP grows 4.1% in Q4; expands 8.7% in FY22: Govt data | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/india-s-gdp-grows-4-1-in-q4-8-7-in-fy22-govt-data-122053101161_1.html Manufacturing sector contracts in March quarter due to supply disruptions (Photo: Reuters) India’s economy grew 4.1 per cent year-on-year in the January-March period
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