https://www.financialexpress.com/economy/economists-say-global-central-banks-rbi-to-maintain-status-quo-on-rate-hike-in-fy24-as-fomc-gives-hawkish-outlook/3217224/ Clipped from: https://www.financialexpress.com/economy/economists-say-global-central-banks-rbi-to-maintain-status-quo-on-rate-hike-in-fy24-as-fomc-gives-hawkish-outlook/3217224/ In the latest minutes of the FOMC, the Federal Reserve continued to see inflation significantly above their tolerance limit, which has increased
Category: Economy
Computer import curbs not part of FTP Principles of Restrictions
https://www.business-standard.com/opinion/columns/computer-import-curbs-not-part-of-ftp-principles-of-restrictions-123082000605_1.html The duty rates on computer software and hardware were cut to zero after India became a signatory to the Information Technology Agreements (ITA-1 and
Private balance sheets are better in few major economies, while governments are on a weak wicket. India an exception
The aftermath of excessive money printing during the Covid era is causing high government debt and interest rates. The collateral damage needs to be monitored
Does Brics exist only because a good acronym cannot be allowed to die?
https://www.business-standard.com/opinion/columns/does-brics-exist-only-because-a-good-acronym-cannot-be-allowed-to-die-123081800644_1.html There is nothing like a good acronym to give currency to a dodgy idea, and so it has been with Brics. Coined by economists
👍China is slowing. What does it mean for India?
https://www.thehindubusinessline.com/blexplainer/china-is-slowing-what-does-it-mean-for-india/article67209252.ece Chinese investors and households are cutting back on spending, leading to a deflationary situation | Photo Credit: THOMAS PETER What are the latest numbers
👍👍👍👍👍India Inc has delivered bumper profits in Q1, but sales are slowing
https://www.thehindubusinessline.com/opinion/editorial/india-inc-has-delivered-bumper-profits-in-q1-but-sales-are-slowing/article67205958.ece Firms outside the banking and finance sector too have delivered healthy profits Disposable incomes will have rise to support aspirational spending | Photo Credit:
Rupee ends at record closing low as US Treasury yields hit 15-year high
https://www.business-standard.com/finance/news/rupee-falls-to-near-10-month-intraday-low-in-early-trade-appreciates-later-123081700226_1.html excerpts The rupee hit an all-time closing low and the yield on the benchmark 10-year Indian government bond rose to a four-month high on
Digital economy to contribute over 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
https://www.financialexpress.com/economy/digital-economy-to-contribute-over-20-of-indias-gdp-by-2026-union-minister-rajeev-chandrasekhar/3213563/ Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday forecast that the digital economy will contribute more than 20 per
💐Exports to UK holding up among top 10 destinations of Indian exports
https://www.business-standard.com/economy/news/exports-to-uk-holding-up-among-top-10-destinations-of-indian-exports-123081600764_1.html Among India’s top 10 export destinations, India’s merchandise exports in the first four months (April-July) of 2023-24 expanded only to the United Kingdom (UK)
🙏🙏🙏🙏🙏Centre will ‘intensify’ efforts to control inflation: TV Somanathan
https://www.business-standard.com/economy/news/centre-will-intensify-efforts-to-control-inflation-tv-somanathan-123081600721_1.html The central government will take a medium-term view while intensifying efforts to reduce the inflationary burden, and will avoid any knee-jerk reaction to transitory
July inflation raises more than ‘transient’ questions
https://www.thehindubusinessline.com/opinion/editorial/july-inflation-raises-more-than-transient-questions/article67201943.ece There are several aspects of the latest retail inflation numbers for July that need to be dissected – besides the obvious fact that it
‘No plans to reconsider rice export ban as food inflation spikes
With food inflation hitting a 39-month high in July 2023, the Centre is not in a position to reconsider the recent export ban on non-basmati rice
Modi blames lingering effect of Covid-19, Russia-Ukraine war for worldwide struggle with inflation
https://www.thehindubusinessline.com/economy/pm-promises-more-measures-to-check-inflation/article67197271.ece Excerpts “I have to take more steps in this direction to minimise the burden of inflation on my countrymen. And we will continue to
Protectionist backsliding: Don’t forget that India’s licence raj started with good intentions but soon paved the road to economic hell
https://www.financialexpress.com/opinion/protectionist-backsliding-dont-forget-that-indias-licence-raj-started-with-good-intentions-but-soon-paved-the-road-to-economic-hell/3210617/ Just four years after India’s independence, Gulzarilal Nanda, then minister for planning, had declared in Parliament that “there should be absolutely no apprehension that
The end of zero interest rates: Now that the US has avoided a recession, rates will likely stay above zero for a while
https://www.financialexpress.com/opinion/the-end-of-zero-interest-rates-now-that-the-us-has-avoided-a-recession-rates-will-likely-stay-above-zero-for-a-while/3210607/ What a difference two years make. In 2021, when interest rates were near zero in the United States and the United Kingdom and slightly
Goods exports fall 16% in July, imports shrink 17%
https://www.financialexpress.com/economy/goods-exports-fall-16-in-july-imports-shrink-17/3210666/ India’s merchandise exports declined for the sixth straight month in July with outbound shipments down 15.9% on year $ 32.25 billion. The decline in
Ahead of I-Day, optimism, but concerns abound
https://www.business-standard.com/opinion/columns/disclosure-requirements-of-data-law-may-create-woes-of-genai-models-123081300471_1.html One of our major achievements is self sufficiency in food grain production, thanks to the green revolution of the early seventies. Now, we not
👍👍👍👍👍👍👍Missing the real achievements: Why India needs introspection, not bluster
https://www.business-standard.com/opinion/columns/missing-the-real-achievements-why-india-needs-introspection-not-bluster-123072100852_1.html The growing international chorus about India being the next big thing in the global economy highlights the wrong issues as the country’s achievements, and
