Dissident BJP leader and former Union finance minister Yashwant Sinha today said demonetisation had led to “tax terrorism” and likened Prime Minister Narendra Modi to
Category: Economy
Narendra Modi: India’s net exports not doing well: Bibek Debroy – The Economic Times–20.03.2018
India’s net exports are not doing well even as the global economy is on the recovery path, Bibek Debroy, the head of Economic Advisory Council
Exchange rate not just the RBI’s baby–Economic Times–20.03.2018
India’s exchange rate is a stumbling block in rapid export growth and the country will miss out on the opportunity to cash in on the
Not a Happy New Year: Unemployment rate continues to remain elevated | Business Standard Column–20.03.2018
The unemployment rate continues to remain elevated. During the week ended March 18, it was 6.8 per cent. This was a tad lower than the
A mixed picture: Sustained economic recovery is still uncertain | Business Standard Editorials–19.03.2018
It was a double bonanza for the Indian economy early last week, as two key macroeconomic indicators suggested a turnaround. The data showed that industrial
Economy+Budget–+ PNB scam fallout: Probably some PSBs no longer need to exist, says Debroy | Business Standard News–19.03.2018—–*****
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to
Across the aisle: A message loud and clear | The Indian Express–19.03.2018
Two apparently unconnected events happened on Wednesday, March 14, 2018. All demands for grants were ‘guillotined’ (i.e. moneys were allocated without a debate) and the
What is fiscal deficit and how is it bridged by government? – The Financial Express–18.03.2018
Finance Minister Arun Jaitley revised the fiscal deficit target to 3.3 percent for FY19 of the GDP against 3 percent target set earlier after breaching
India story could end with mass unemployment – warns Nobel-winner Paul Krugman –The Economic Times–17.03.2018—–*****
Krugman said India’s growth story was incredible but it never got the attention it deserved because China hogged the world’s attention. Paul Krugman, the American
Higher CAD puts India at risk from volatile FII flows – The Financial Express–17.03.2018
Thanks to decent FDI and portfolio flows into the bond markets, the capital account surplus so far has been robust. Although the capital account surplus
Who will buy the Rs 4.6 trillion bonds? Market bets on banks’ return | Business Standard News–17.03.2018—–*****
With banks staying out of the bond market, fearing rising mark-to-market losses, and foreign investors exhausting their investment limit, the question is who will buy
RBI needs to work with govt to take action against PSBs, says Rangarajan | Business Standard News–17.03.2018—–*****
C Rangarajan, former head of the country’s Reserve bank (RBI) says the regulator does have formal supervisory powers over government-owned lenders but also needs to
Bond not the Best- Business News–Business Today–17.03.2018—–*****
Rising bond yields and the resulting treasury losses are telling on profitability of banks. Yield on the benchmark 10-year government securities (G-sec) surged 67 basis
current account deficit: Current Account deficit widens to 2% of GDP on higher oil import bill – The Economic Times–17.03.2018—–*****
The trade deficit had hit a 56-month-high in the month of January before narrowing in the month of February. Current account deficit (CAD)- excess of
India’s Oct-Dec current account deficit widens on higher imports; expert says more bad news ahead – The Financial Express–17-03-2018
India’s October-December current account deficit widened sharply from a year earlier, driven by higher imports, data from the Reserve Bank of India showed on Friday.
Why RBI is right on bank reforms – The Financial Express–17-03-2018
Where Patel and his predecessor Raghuram Rajan have to be congratulated though, is that while banks were merrily ever-greening dubious loans, RBI inspections never uncovered
India should see growth picking up after two transitory shocks: IMF – The Economic Times–16.03.2018
Recent IMF research indicates that the rise of artificial intelligence and the digital economy has the potential to increase income growth. The IMF today said
New Delhi to seek 8 years to phase out export subsidies at WTO – Business Line–16.03.2018
India will make a case for an eight-year transition period to phase out its export subsidies at the consultations sought by the US at the
Watch out, the bond market is rebelling – Business Line–16.03.2018—–*****
Lately, neither the MPC nor the RBI have been able to make domestic interest rates dance to their tunes For a long time, market-watchers in
The passage of the finance bill without discussion is a new low in the parliamentary process | editorials | Hindustan Times–16.03.2018
The passage on Wednesday of this year’s finance bill, 21 amendments in tow, marks a low in the Indian Parliamentary process. Over the years, disruptions
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