Clipped from: https://www.business-standard.com/article/economy-policy/worst-for-global-economy-behind-us-says-rbi-governor-shakitakanta-das-123012700897_1.html There is a need to improve retail access to markets, particularly gilts and derivatives, he says International growth is expected to contract significantly
Category: Economy
Macroeconomic stability getting further entrenched: RBI monthly bulletin – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/macroeconomic-stability-getting-further-entrenched-rbi-monthly-bulletin/article66410050.ece Current account deficit is on course to narrow through the rest of 2022 and 2023 Macroeconomic stability is getting further entrenched with inflation
🙏No more than tweaks | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/no-more-than-tweaks/2952815/ Some rationalisation is needed, but the net effect of tax changes in the Budget will have to be revenue neutral. The corporation taxation
🙏Banks ‘batting’ for ECLGS extension
Banks ‘batting’ for ECLGS extension: https://www.thehindubusinessline.com/money-and-banking/banks-bat-for-extension-of-eclgs/article66396573.ece
Across the aisle by P Chidambaram: First advance warning of 2023-24 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-by-p-chidambaram-first-advance-warning-of-2023-24/2948407/ Although based on data available only for the first eight months of the financial year, and some numbers are extrapolated, the estimates contain
Exports slide 12% on recession fears; trade deficit widens to $23.76 bn | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-exports-in-december-2022-dipped-by-12-2-to-34-48-billion-123011601019_1.html Imports last month also contracted 3.46 per cent to $58.24 billion, amid falling commodity prices India’s merchandise exports contracted 12.2 per cent year-on-year
Don’t need to revise 4 per cent inflation target, focus remains on core CPI: RBI Governor – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/money-and-banking/dont-need-to-revise-4-per-cent-inflation-target-focus-remains-on-core-cpi-rbi-governor/article66375158.ece RBI Governor Shaktikanta Das | Photo Credit: – RBI does not feel there is a need to revise the inflation target 4 per
Inflation cools to one-year low of 5.7% in December – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/double-delight-for-economy-industrial-growth-at-71-per-cent-retail-inflation-at-572-per-cent/article66370073.ece November factory output at a five-month high of 7.1 per cent Nearly three weeks before the Union Budget for FY24, Indian economy got
Imports from China, a big worry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/imports-from-china-a-big-worry/article66362125.ece Despite the PLI scheme, India’s import dependency remains alarming. The Budget must address this issue Global supply chain disruptions caused by Covid have
Financialising the economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/financialising-the-economy-123011001352_1.html The sector is expected to outperform Even as large parts of the broader Indian corporate world struggle to return to historical levels of
Fiscal focus | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fiscal-focus-123010800720_1.html Govt must aim for faster consolidation The National Statistical Office last week released the first advance estimates of national income for the ongoing
India is not insulated from global uncertainties: CEA Debroy – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/economy/india-is-not-insulated-from-global-uncertainties-cea-debroy/article66337935.ece Simplified GST, direct tax system need of the hour Bibek Debroy, Chief Economic Advisor (CEA) to the Prime Minister | Photo Credit: SHIV
GST buoyancy: On GST revenues in December – The Hindu***
Clipped from: https://www.thehindu.com/opinion/editorial/gst-buoyancy/article66331268.ece December’s revenues signal some post-festive fervour in the economy At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022
Recession will hit a third of the world this year, warns IMF chief – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/recession-will-hit-a-third-of-the-world-this-year-warns-imf-chief/article66330195.ece The year 2023 will be tougher than last year because the economies of the US, the EU and China will slow down, Kristalina
GST mop-up about Rs 1.5 trillion in Dec, third-highest ever: FinMin data | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/gst-mop-up-about-rs-1-5-trillion-in-dec-third-highest-ever-finmin-data-123010100431_1.html Gross goods and services tax (GST) collection for December rang up over Rs 1.49 trillion, the data released by the finance ministry showed. This is
Indian economy is confronting strong global headwinds: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/indian-economy-is-confronting-strong-global-headwinds-cautions-financial-stability-report/article66318109.ece Declining tendency in GNPAs ratio is likely to continue The Indian economy remains vulnerable to formidable global headwinds, which act as a drag on
An inflation measure watched by the Fed eases to 5.5% – The Economic Times*****
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/an-inflation-measure-watched-by-the-fed-eases-to-5-5/articleshow/96461275.cms Synopsis Friday’s report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a revised 6.1%
The trade balance | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-trade-balance-122121901239_1.html Containing imports will not help One of the big economic policy challenges this year has been the management of the external sector. Higher
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