Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mpc-meet-rbi-unlikely-to-tinker-with-benchmark-rates/articleshow/84962223.cmsSynopsis The central bank’s “accommodative” stance should see no change when the Monetary Policy Committee meets to discuss the policy on August 4-6, economists
Category: Economy
Securing India’s fiscal health | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/securing-india-s-fiscal-health-121080100896_1.html Govt should prepare for medium-term challenges The decline in the number of Covid cases over the past several weeks in large parts of
Expect a no-action policy, focused on growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/expect-a-no-action-policy-focused-on-growth-121080100917_1.html If growth picks up in the second half of the year, February is the earliest we may see the RBI changing its stance
Unemployment rate falls to 4-month low of 6.95% in July – The Financial Express
Clipped from: https://www.financialexpress.com/economy/unemployment-rate-falls-to-4-month-low-of-6-95-in-july/2302081/ Rural unemployment rate in July at 6.34% was closer to the March level of 6.15%. The unemployment rate in rural areas went up
High inflation: Centre unlikely to cut taxes on petrol and diesel – The Financial Express
Clipped from: https://www.financialexpress.com/economy/high-inflation-centre-unlikely-to-cut-taxes-on-petrol-and-diesel/2301975/ The RBI has said on record on more than one occasion that it would expect the Centre and states to calibrate the taxes
Getting real about REER and exports – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/getting-real-about-reer-and-exports/2302036/ While a depreciating rupee helps boost India’s export competitiveness, rising inflation threatens to undermine it During the same period, the rupee has fallen
Stiff target: New Foreign Trade Policy aims for exports of $1 trillion by FY26 – The Financial Express
Clipped from: https://www.financialexpress.com/economy/stiff-target-new-foreign-trade-policy-aims-for-exports-of-1-trillion-by-fy26/2301970/ To achieve the ambitious goal, exports must grow 15% CAGR, against barely 5% in the five years through FY20 This will warrant a
US Fed and European Central Bank must not blind RBI at its August monetary policy meet – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/different-strokes-please/articleshow/84954658.cmsSynopsis Could MPC be taking comfort from the fact that its belief that inflation is ‘transitory’ puts it in the august company of the
Bring petroleum products in ambit of GST soon: PHDCCI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/bring-petroleum-products-in-ambit-of-gst-soon-phdcci/articleshow/84944224.cmsSynopsis PHDCCI President Sanjay Aggarwal said the Wholesale Price Index (WPI)-based inflation has been in a double-digit growth trajectory for the past three months,
law: Governance overkill: Why India needs to strengthen operation of the rule of law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/governance-overkill-why-india-needs-to-strengthen-operation-of-the-rule-of-law/articleshow/84915653.cmsSynopsis The governance style and ethos of a country are often more important than the physical infrastructure for trade and investment. India has been
India’s power consumption back to pre-COVID level in July; up 12% to 125.51 bn units – BusinessToday
Clipped from: https://www.businesstoday.in/industry/energy/story/indias-power-consumption-back-to-pre-covid-level-in-july-up-12-to-12551-bn-units-302987-2021-08-01 In July 2020, power consumption stood at 112.14 BU, lower than 116.48 BU in the same month of 2019 (pre-pandemic level). Thus, consumption
“Shared logistics can help put MSMEs on recovery path with infra, operational support from large firms” – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-logi-shared-logistics-can-help-put-msmes-on-recovery-path-with-infra-operational-support-from-large-firms/2301879/ Logistics for MSMEs: For smaller logistics MSMEs, continuous cash flow is integral to ensure operations are not hampered. However, they characteristically have lesser
June Quarter gold demand 4th lowest since 2000–DECCAN CHRONICLE
Clipped from: https://www.deccanchronicle.com/business/market/300721/june-qtr-gold-demand-4th-lowest-since-2000.html Despite the lower demand, the imports surged to 120.4 tonnes against 10.9 tonnes in April-June 2020. (AFP) Chennai: Gold saw the fourth lowest quarterly demand
Govt’s revenue collection shows improvement as GST for July stands at Rs 1,16,393 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/govts-revenue-collection-shows-improvement-as-gst-for-july-stands-at-rs-116393-crore/articleshow/84941796.cmsSynopsis The revenue for July is 33% higher than the same period last year when most of the economic activity came under the impact
Coyness for policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/coyness-for-policy/article35635087.ece The Fed may appear coy for now but has little option other than to move towards policy normalisation The statement of the US
Coyness for policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/coyness-for-policy/article35635087.ece The Fed may appear coy for now but has little option other than to move towards policy normalisation The statement of the US
The structuring of micro loans matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-structuring-of-micro-loans-matters/article35635228.ece A revolving credit, based on credit card principles, can help scale up the incomes of the underprivileged Last month, the RBI issued a
Tax buoyancy curtails Centre’s fiscal deficit to an eight-year low | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tax-buoyancy-curtails-centre-s-fiscal-deficit-to-an-eight-year-low-121073100034_1.html Centre’s spending showed volatile trend during April-June period Illustration: Binay Sinha India’s fiscal deficit in the first quarter of 2021-22 stood at 18.2 per cent
The chirping economist | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-chirping-economist-121073001698_1.html ‘Their comments pertain to government policy. Some praise it, others criticise it’, says the author It’s hard to say exactly how many economists the world
Growth Factor: A question of credit delivery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/growth-factor-a-question-of-credit-delivery/2300512/ Boosting credit flows, especially from banks, is needed If India is to see sustained growth; The need is to address the root causes
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