Clipped from: https://indianexpress.com/article/opinion/editorials/covid-second-wave-indian-economy-gst-7435234/ Centre’s finances have fared well. But limited disinvestment, need for higher spending, could build up pressure. At the aggregate level, the Centre’s gross
Category: Economy
Where reforms didn’t deliver–Madan Sabnavis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/where-reforms-didnt-deliver/article35686521.ece The scorecard on health, education and employment is poor The three decades of economic reforms since 1991 have certainly ushered in major changes
India’s jobless rate drops to four-month low in July as Covid ebbs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-jobless-rate-drops-to-four-month-low-in-july-as-covid-ebbs-121080200602_1.html The country’s unemployment rate was 9.17% in June, says CMIE Photo: Bloomberg India’s jobless rate fell to the lowest level in four months
Good Augury of High GST Collections – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/good-augury-of-high-gst-collections/articleshow/84983593.cmsSynopsis GST revenues for June, collected in July, stood at ₹1,16,393 crore, 25% higher than the preceding month. The rise came both from domestic
capex boom: View: Are we on the cusp of another capex boom? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/view-are-we-on-the-cusp-of-another-capex-boom/articleshow/84974979.cmsSynopsis Conversations on capex revival are once again back on the center stage with utilizations going up in much of the core industries. India
MPC meet: RBI unlikely to tinker with benchmark rates – The Economic Times
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
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
