Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-allows-international-trade-settlement-in-rupee/article65627903.ece This comes even as the rupee sank to new low; may help in trade with countries such as Russia, Iran and Sri Lanka
Category: Economy
*****India External Debt: Centre allays concerns over $620.7 bn external debt, says its share only 21% – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/centre-allays-concerns-over-620-7-b-external-debt-says-its-share-only-21/articleshow/92811944.cms Synopsis The government on Monday dismissed apprehensions about India’s external debt, saying out of India’s total external liability of $620.7 billion, the Centre’s
*Forex reserves & rupee’s exchange rate: What are they and how are they related? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/forex-reserves-rupee-exchange-rate-explained-8021551/ In this edition of ExplainSpeaking, we look at forex reserves and exchange rates, how they impact each other, and why it’s necessary to
*******Govts should mobilise more domestic resources via tax reforms: Albert Park | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govts-should-mobilise-more-domestic-resources-via-tax-reforms-adb-official-122071000419_1.html In an Q&A, ADB Chief Economist Albert Park tells that countries in region may not be able to carry on with large expenditures
*****India can reach 8% sustained growth: Ex-NITI Aayog vice-chairman Panagariya | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-can-reach-8-sustained-economic-growth-says-arvind-panagariya-122071000463_1.html ‘I fully support the capex push. I do not believe in sector specific interventions’, said Panagariya Arvind Panagariya Apart from pressures on the
*******Inflation to ease gradually in H2 this year : RBI Governor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/inflation-to-ease-gradually-in-h2-rbi-governor/article65619520.ece Will ensure soft landing, says Shaktikanta Das RBI (Reserve Bank of India) Governor Shaktikanta Das on Saturday expressed optimism that inflation would come
S&P Global India: Services up, now for the returns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/services-up-now-for-the-returns/articleshow/92708660.cms Synopsis The Reserve Bank of India (RBI), which has raised the repo rate to tame inflation, anticipates higher pass-through of input cost to
*******Navigating India’s soft landing | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/navigating-india-s-soft-landing-122070701234_1.html Unless the geopolitical situation worsens considerably, chances of a soft landing are higher in India than in the US The inflation rate needs to fall.
*******Fiscal consolidation today | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fiscal-consolidation-today-122070701289_1.html Mercifully, India has been spared the problems that foreign currency sovereign debt would have posed Fiscal consolidation (FC) in a recession is contextually very
*******IMF Chief Kristalina says cannot rule out possible global recession | Business Standard News
Clipped from: https://www.business-standard.com/article/international/imf-chief-kristalina-says-cannot-rule-out-possible-global-recession-122070700006_1.html The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly a
*****No relief yet | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/no-relief-yet-122070601369_1.html Govt must be prepared to face oil price risks A prolonged war and the possibility of a recession in a number of large
RBI steps in to boost forex inflows, stem rupee weakness – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-announces-measures-to-enhance-forex-inflows/article65606893.ece It also eased norms for NRI deposits In the backdrop of global uncertainty and the continuing weakness of the rupee against the US
Commodities crash to multi-month lows as recession fears grip markets – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/commodities-crash-to-multi-month-lows-as-recession-fears-grip-markets/article65608674.ece More fall likely as analysts draw parallel to 2008 plunge As fears of recession, global economic slowdown and a flare-up of Covid cases
Stock market guru and economist tell us all about inflation spike – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/a-fund-manager-an-economist-talk-inflation/articleshow/91601943.cms What will happen to family budgets, savings & investment choices, India Inc’s investment plans and job creation as prices soar and RBI tightens policy screws?
*******RBI unveils measures to curb rupee slump, boost forex inflows – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/rbi-unveils-measures-to-curb-rupee-slump-boost-forex-inflows/articleshow/92706992.cms NEW DELHI: The Reserve Bank of India (RBI) on Wednesday unveiled fresh measures to stabilise the rupee, which touched multiple record lows against
*****Surging imports and slowing exports will make current account deficit rise. Weaker currency will help ease pressure | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/surging-imports-slowing-exports-deficit-currency-8011041/ While the government has taken a spate of measures, which include increasing the import duty on gold, levying taxes and imposing restrictions on
Low growth + high inflation + govt doing RBI’s job = recipe for crisis – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/lets-keep-gst-good-simple/articleshow/91693650.cms Many of us would recollect pre-GST days where all products would either have a price excluding local taxes or have multiple prices applicable
Government of India must heave-ho, make exports flow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/government-of-india-must-heave-ho-make-exports-flow/articleshow/92685325.cms Synopsis Immediate policy responses will react to a rapidly evolving external environment. But the government would do well to use this opportunity to
*****Strong dollar and its implication for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-strong-dollar-and-its-implication-for-india/article65601882.ece Three macro-economic developments have propelled the Dollar Index upwards Why is the US dollar strengthening? The US Dollar Index, which measures the greenback’s
*****Inflation targeting | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/inflation-targeting-122070501369_1.html It should be followed and communicated properly Containing inflation and managing inflation expectations have perhaps become the biggest challenge for policymakers across the world. The inflation rate in the
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