India’s outbound tourism to surpass USD 42 bn by 2024: Report https://economictimes.indiatimes.com/industry/services/travel/indias-outbound-tourism-to-surpass-usd-42-bn-by-2024-report/articleshow/93415761.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Category: Economy
Festive season: Burst of discretionary spending likely till December; recovery seen for electronics, gifting too
Festive season: Burst of discretionary spending likely till December; recovery seen for electronics, gifting too https://economictimes.indiatimes.com/news/economy/indicators/festive-season-burst-of-discretionary-spending-likely-till-december-recovery-seen-for-electronics-gifting-too/articleshow/93417652.cms Download Economic Times App to stay updated with Business
India Inc upbeat as inflation pain starts to ease
India Inc upbeat as inflation pain starts to ease https://economictimes.indiatimes.com/news/company/corporate-trends/india-inc-upbeat-as-inflation-pain-starts-to-ease/articleshow/93415756.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Tomato humbles RBI | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tomato-humbles-rbi/2612716/ Higher the weight of food in the overall CPI, the more difficult it is for monetary-policy-squeeze alone to contain inflation. Inflation in tomatoes
IMF slashes India’s FY23 GDP growth forecast by 80 bps to 7.4% | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/imf-slashes-india-s-fy23-gdp-growth-forecast-by-80-bps-to-7-4-122072601026_1.html IMF cites less favourable external conditions and rapid policy tightening by RBI as reasons for lowering India’s growth outlook (Photo: Reuters) The International
Lessons from a tax cut | Business Standard Column
ears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated Almost three years ago, the Modi government had introduced
Avoid aggressive management of rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/avoid-aggressive-management-of-rupee/article65686738.ece Forex intervention by RBI has actually contained rupee depreciation. But the benefits of heavy intervention are not very clear The rupee has crossed
recession: A global recession will pose enormous fiscal challenges. India must be prepared – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/a-global-recession-will-pose-enormous-fiscal-challenges-india-must-be-prepared/articleshow/93145050.cms Synopsis India’s fiscal deficit was at 2.5% of GDP when the Great Recession struck, and Pranab Mukherjee increased it to 6.9%. This time,
Securitisation of loans given by MFIs sees healthy bounce back: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/securitisation-of-loans-given-by-mfissees-healthy-bounce-back-icra/article65680801.ece Due to increased collection efforts, regulatory support in the form of restructuring and moratorium, and reduced concerns about the pandemic impact, investors are
RBI ‘correct’ to use FX reserves to tackle rupee volatility: Econ adviser | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-correct-to-use-fx-reserves-to-tackle-rupee-volatility-econ-adviser-122072500502_1.html The RBI is justified in using the country’s foreign exchange reserves to smooth out volatility in the rupee’s moves against the dollar, a
Revenue-oriented policies need to be reviewed to fight inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/revenue-oriented-policies-need-to-be-reviewed-to-fight-inflation-122072400910_1.html However, the government can review its excessive revenue-oriented policies to tackle inflation and boost domestic demand The strengthening of the US dollar by
*******Rupee at 80: What can be done? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rupee-at-80-what-can-be-done-122072400487_1.html We need to maintain the gap of interest rate differential with the US by raising rates in a measured way and allow the
Bulk of India Inc’s overseas debt is hedged: RBI governor Shaktikanta Das | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/bulk-of-ecbs-effectively-hedged-external-sector-well-buffered-rbi-s-das-122072200514_1.html No particular level of rupee in mind but have zero tolerance for volatile movements: Das Shaktikanta Das speaks at the annual banking conference
Next pain point for rupee is $79 billion of unhedged debt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/next-pain-point-for-rupee-is-79-billion-of-unhedged-debt/articleshow/93018382.cms Synopsis The proportion of unhedged foreign loans has built up as companies were lulled into complacency about their dollar exposure by RBI’s intervention,
Falling rupee calls for a macro approach – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/falling-rupee-calls-for-a-macro-approach/article65667695.ece In the medium to long run, fiscal discipline, sustainable CAD, lower inflation can stabilise the rupee The rupee hit a historic low, breaching
Rupee may fall to 81 against US dollar amid widening trade deficit, risk-off sentiments and FII outflows | The Financial Express
Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions
Govt plans short-term foreign trade policy, may release before September | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/govt-plans-short-term-foreign-trade-policy-may-release-before-september-122072001235_1.html The new policy is much-awaited, following the extension of the existing policy for more than two years A new FTP was deferred and
Rupee at 80 to the dollar: Forex deficit to hurt India Inc’s margins | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-at-80-to-the-dollar-forex-deficit-to-hurt-india-inc-s-margins-122071900359_1.html?code=NTM4OTU9MTIyMDcxOTAwMzU5 As the rupee touches the 80-mark against the dollar, this depreciation is likely to prove expensive for corporate India The Indian currency has
Fuel Windfall Tax: India cuts windfall taxes on fuel exports as global prices fall – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/india-cuts-windfall-taxes-on-fuel-exports-as-global-prices-fall/articleshow/92991503.cms Synopsis New Delhi reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a liter, and scrapped completely a Rs
Rupee may fall to 81 against US dollar amid widening trade deficit, risk-off sentiments and FII outflows | The Financial Express
Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions
