Financial regulators seem to have acknowledged that in India, cash is king. A little over seven months after demonetisation, as on June 16, the currency
Category: Economy
Google India eyes SMBs for growth
Google India has is expecting to cover more Small and Medium Businesses (SMBs), with its initiatives focused on education and new tools to help them
GST launch: Short, medium & long-term impact of new tax regime explained–Business Standard–01.07.2017
At the stroke of midnight on Friday, June 30, India’s goods and services tax (GST) will become official. The sixteen-year-in-the-making taxation system overhaul – which
Core sector growth up 3.6% in May from 2.8% in April on energy push–Business Standard–01.07.2017
Core sector output rose by 3.6 per cent in May, up from the 2.8 per cent rise the previous month of April. The improving pace
New exim regime–Business Line–28.06.2017
How to conduct export and import business Exporters will benefit from the subsuming of 17 central and state taxes in the GST and a comprehensive
Demonetisation has cost us a lot–Business Standard–28.06.2017
Demonetisation, or DeMo, is back in the news. And, it’s not good news. In articles written for this paper ( December 7 and 26, 2016),
Demonetisation: Former RBI governor YV Reddy says objective seemed far beyond currency notes–Financial Express–28.06.2017
Former Reserve Bank of India governor Yaga Venugopal Reddy has always been known for his clarity of thought and for plain speaking. A stickler for
‘Inflation targeting’ can’t work in India: Former RBI governor Bimal Jalan–Economic Times–28.06.2017
Former RBI Governor Bimal Jalan today said that ‘inflation targeting’ cannot work in India as prices depend on a range of factors like monsoon and
Is WPI useful in India anymore?–Business Line–27.06.2017
Using just wholesale price index as deflator could distort real GDP. Price indices for all inputs and outputs would work better Prior to the introduction
Trump warns Modi, India must reduce obstacles to US exports–Financial Express–27.06.2017
Trump’s “America First” slogan echoes Modi’s own “Make in India” campaign. Modi said his economic plan and Trump’s “Make America Great Again” stance “will add
How the pharma growth story fizzled out
Pharmaceutical exports were supposed to be the next big thing for India, after the global success of its information technology (IT) industry. But, it seems
Huge haircut needed on largest NPAs, says CRISIL
Rating agency CRISIL said the banks in question would need to find an extra Rs 40,000 crore as bad loan provisioning for the 12 big-size
Financial year likely to be changed from 2018; Budget in November?–Economic Times–27.06.2017
Come 2018 and the financial year in India could commence from January instead of April as the Centre appears set to make the historic transition
Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17
The record low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed corporates which saw their net loan
US exports to India support 2,60,000 jobs in America: Report – The Economic Times–27.06.2017
American exports to India support more than 2,60,000 jobs directly and indirectly in the US and the cumulative investment from the country into India reached
Repo rate: Data show no guarantee that by merely lowering rates, credit growth will pick up–Financial Express–26.06.2017
Bank credit growth and repo rate data show there is no assurance that by merely lowering rates, growth in credit will pick up. An issue
GST will have a positive impact on economy, industry and consumers; here is why–Financial Express–26.06.2017
From July 1, GST will be in force, redefining India’s indirect tax system and reshaping the way business is done in the country. Almost two
Western, southern states control over 60 percent of bank credit: RBI–Financial Express–26.06.2017
The highest credit concentration was in the western region which had more than one-third of the total outstanding credit at Rs 23,39,900 crore as of
Cargo traffic at 12 major ports up 6 per cent to 114 million tonnes in April-May–Financial Express–26.06.2017
Increased demand from sectors like iron ore and fertilisers and coking coal traffic led to higher movement of cargo during the last two months, according
Farm loan waivers disrupt the fiscal discipline–Business Standard–26.06.2017
The Met forecasts a good monsoon this year, and the progress of the southwest monsoon so far has been good. If the rain god’s bounty
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