Clipped from: https://www.business-standard.com/article/opinion/close-the-policy-gap-122040501395_1.html RBI has fallen behind the curve The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet this week for the first time in
Category: Economy
*Unwarranted confidence over external finances – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/unwarranted-confidence-over-external-finances/article65291233.ece Surge in external commercial borrowing and short-term debt have added to the external vulnerabilities /iStockphoto suman bhaumik Surge in external commercial borrowing and
*Explain Speaking: How is India’s exchange rate related to its current account deficit, forex reserves, and balance of payment? | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/india-exchange-rate-current-account-deficit-forex-balance-of-payment-7851688/ Essentially, the BoP allows us to figure out the rupee’s exchange rate vis-a-vis the different currencies. What is BoP, how does it balance
*India shouldn’t fall for Putin’s rupees-for-rubles deal | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/india-shouldn-t-fall-for-putin-s-rupees-for-rubles-deal-1096643.html Russia is reportedly offering India a $35 discount per barrel on the pre-war price of flagship Urals grade oil Russian President Vladimir Putin
*Inflation and the implications of taking supply-side path for growth | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/inflation-and-the-implications-of-taking-supply-side-path-for-growth-1097371.html inflation The fiscal policy of the Union government is highly paradoxical in nature while realising the growth targets. Deriving pieces of evidence from
*India’s jobless rate falls to 7.6% in March from 8.1% a month earlier: CMIE | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/india-s-unemployment-rate-falls-to-7-6-in-march-from-8-10-in-feb-cmie-122040300533_1.html Unemployment rate in the country is decreasing with the economy slowly returning to normal, according to CMIE data. Unemployment rate in the country is
*Implications of short-term gain of cheap Russia oil must be weighed | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/implications-of-short-term-gain-of-cheap-russia-oil-must-be-weighed-122040300985_1.html So, India should carefully weigh the short term gains of buying cheap oil from Russia against implications of annoying the western alliances Last
*****Reform reversal | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/reform-reversal-122040300993_1.html States should not go back on pensions There is a wide consensus among experts that India needs to take the economic reforms process
*Exports rise 40% to touch $418 bn in FY22, surpass govt target by 5% | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exports-rise-40-to-touch-418-bn-in-fy22-surpass-govt-target-by-5-122040300599_1.html The growth was driven by higher demand for items in the petroleum, gems and jewellery, engineering products The value of goods exported from
*India’s FY23 GDP growth estimated at 7.4%, RBI rate hike by year end: Ficci | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-fy23-gdp-growth-estimated-at-7-4-ficci-survey-122040300687_1.html RBI is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps
*Unviable populist schemes may create SL-like situation: Bureaucrats to Modi | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/bureaucrats-express-concern-over-unviable-populist-schemes-by-states-in-meeting-with-pm-modi-122040300780_1.html A few senior bureaucrats raised concern to PM Modi over populist schemes announced by several states, claiming they are economically unsustainable and could
*****PLI scheme: Govt mulls modifications in PLI Scheme for speciality steel; extends last date for application till April 30 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/govt-mulls-modifications-in-pli-scheme-for-speciality-steel-extends-last-date-for-application-till-april-30/articleshow/90621192.cms Synopsis On July 22 last year, the Union Cabinet chaired by Prime Minister Narendra Modi had approved a Rs 6,322-crore PLI scheme to
*****Current account deficit widens to 9-year high of $23 billion in Q3 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/current-account-deficit-widens-to-9-year-high-of-23-billion-in-q3/article65283006.ece As a percentage of GDP, the current account deficit was at 2.7 per cent during the October-December quarter of FY22 The country’s current
*****Seven months after resuming talks, India, Australia to sign FTA today – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/seven-months-after-resuming-talks-india-australia-to-sign-fta-today/article65282972.ece India sees big gains in pharma; Australia toget relaxations on wine India and Australia are all set to sign a free trade agreement
*****Opening up procurement | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/opening-up-procurement-122033101558_1.html UAE trade agreement took a welcome new direction As the Union Ministry of Commerce negotiates a slew of intermediate or “early harvest” trade
*****Testing times for PLI schemes: Covid-related delays put firms in pressure | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/testing-times-for-pli-schemes-covid-related-delays-put-firms-in-pressure-122040101519_1.html Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure This year,
India to sign trade agreement with Australia today for lower-duty regime | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-to-sign-trade-agreement-with-australia-today-for-lower-duty-regime-122040200023_1.html The agreement will be signed at a time when Australia is looking for a reliable trade partner at a time when it is
Net direct tax collection rises 50% to record Rs 13.81 trillion in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/net-direct-tax-collection-rises-50-to-record-rs-13-81-trillion-in-fy22-122040200005_1.html Gross mop-up touches record Rs 15.83 trn; exceeds Budget and revised estimates Gross collection in FY22 touched Rs 15.83 trillion, which too is
What is Current Account Deficit?–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/explained/everyday-explainers/explained-what-current-account-deficit-widened-q3-last-fy-7848400/ The widening of CAD in Q3 of 2021-22 was mainly on account of higher trade deficit, according to the Reserve Bank of India.
rbi: Exporters to Russia seek Centre, RBI’s help to clear stuck payments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/exporters-to-russia-seek-centre-rbis-help-to-clear-stuck-payments/articleshow/90580012.cms Synopsis The disruption to Indian companies’ cash flows could have a ripple effect with them delaying payments to workers and suppliers and possibly
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