FinMin economic advisors question rating agencies’ view on India’s progress

https://www.business-standard.com/economy/news/india-s-economic-progress-cut-no-ice-with-rating-agencies-finmin-123122100941_1.html Clipped from: https://www.business-standard.com/economy/news/india-s-economic-progress-cut-no-ice-with-rating-agencies-finmin-123122100941_1.html Criticise “unilateral measures” by advanced economies to combat climate change Chief Economic Adviser V Anantha Nageswaran India’s economy, despite rising to the

Evolving crude oil import strategy: India’s spot volumes hit record high in FY23 – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/evolving-crude-oil-import-strategy-indias-spot-volumes-hit-record-high-in-fy23/article67661861.ece Clipped from: https://www.thehindubusinessline.com/economy/evolving-crude-oil-import-strategy-indias-spot-volumes-hit-record-high-in-fy23/article67661861.ece The world’s third largest energy consumer’s crude oil imports from the spot market rose to 49.6 million tonnes (mt) in FY23, the

Farm exports could take $4-5 billion hit in FY24 due to curbs on wheat, rice, sugar – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/farm-exports-could-take-4-5-billion-hit-in-fy24-due-to-curbs-on-wheat-rice-sugar/article67662177.ece Clipped from: https://www.thehindubusinessline.com/economy/farm-exports-could-take-4-5-billion-hit-in-fy24-due-to-curbs-on-wheat-rice-sugar/article67662177.ece Cost of shipping basmati could go up affecting prices if Houthi attacks on Red Sea continue India’s agriculture exports could take a

Inequality a relative concept; absolute poverty India’s urgent concern: CEA

https://www.business-standard.com/economy/news/absolute-poverty-more-pressing-concern-for-india-says-cea-nageswaran-123122101066_1.html Clipped from: https://www.business-standard.com/economy/news/absolute-poverty-more-pressing-concern-for-india-says-cea-nageswaran-123122101066_1.html The CEA notes that for a developing country such as India, where the growth potential is high and the scope for poverty

Crude oil declines on rise in US inventory, production numbers – The Hindu BusinessLine

https://www.thehindubusinessline.com/markets/commodities/crude-oil-declines-on-rise-in-us-inventory-production-numbers/article67660858.ece Clipped from: https://www.thehindubusinessline.com/markets/commodities/crude-oil-declines-on-rise-in-us-inventory-production-numbers/article67660858.ece Commercial crude oil inventories increased by 2.9 million barrels against market expectations for a drop of 2.28 million barrels Crude oil futures traded

IMF cautions India on govt debt vulnerabilities, Centre disagrees

https://www.business-standard.com/economy/news/imf-cautions-india-on-govt-debt-vulnerabilities-centre-disagrees-123121901166_1.html Clipped from: https://www.business-standard.com/economy/news/imf-cautions-india-on-govt-debt-vulnerabilities-centre-disagrees-123121901166_1.html General govt debt may exceed 100% of GDP in medium term, warns Fund Illustration: Ajay Mohanty The International Monetary Fund (IMF) warned

Five out of top 10 destinations see a rise in April-November exports

https://www.business-standard.com/economy/news/five-out-of-top-10-destinations-see-a-rise-in-april-november-exports-123121800689_1.html Clipped from: https://www.business-standard.com/economy/news/five-out-of-top-10-destinations-see-a-rise-in-april-november-exports-123121800689_1.html This comes even as overall exports from India contracted during the period WTO said risks to the forecast include a sharper than

Navigating risks: Red Sea attacks’ potential impact on oil and gas shipping – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/logistics/navigating-risks-red-sea-attacks-potential-impact-on-oil-and-gas-shipping/article67656817.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/navigating-risks-red-sea-attacks-potential-impact-on-oil-and-gas-shipping/article67656817.ece Shipping firms and LNG tankers alter routes due to Houthi attacks in the Red Sea, raising post-Covid trade disruption concerns. A U.S.-led

IMF reclassified India’s de facto exchange rate regime to stabilised arrangement from floating – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/imf-affirms-indias-strong-economic-growth-recommends-swift-reforms/article67653321.ece Clipped from: https://www.thehindubusinessline.com/economy/imf-affirms-indias-strong-economic-growth-recommends-swift-reforms/article67653321.ece Forecasts 6.3% real GDP growth for FY23/24 and FY24/25 in anticipation of solid economic trajectory The International Monetary Fund (IMF) has reclassified

RBI likely to keep rates on hold for entire 2024, says Kaustubh Gupta

https://www.business-standard.com/markets/interviews/rbi-likely-to-keep-rates-on-hold-for-entire-2024-says-kaustubh-gupta-123112600560_1.html Clipped from: https://www.business-standard.com/markets/interviews/rbi-likely-to-keep-rates-on-hold-for-entire-2024-says-kaustubh-gupta-123112600560_1.html We believe US rates have peaked, and the US Federal Reserve can start easing in the second half of 2024. However, the

Development of small cities key to developed India resolve: PM Modi

https://www.business-standard.com/india-news/development-of-small-cities-key-to-developed-india-resolve-pm-modi-123121600537_1.html Clipped from: https://www.business-standard.com/india-news/development-of-small-cities-key-to-developed-india-resolve-pm-modi-123121600537_1.html “Our agenda is to assist people in saving money,” Modi said, flagging off the Yatra, the government’s mega outreach exercise to ensure

By 2047, India to remain a lower middle country if growth remains 6%: Rajan

https://www.business-standard.com/economy/news/by-2047-india-to-remain-a-lower-middle-country-if-growth-remains-6-rajan-123121600876_1.html Clipped from: https://www.business-standard.com/economy/news/by-2047-india-to-remain-a-lower-middle-country-if-growth-remains-6-rajan-123121600876_1.html According to him, the current pace of growth is not enough to employ all those who are entering the labour force and

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