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
Category: Economy
*****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
russia ukraine conflict: Russia war ends the era of globalisation that kept inflation low – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/russia-war-ends-the-era-of-globalisation-that-kept-inflation-low/articleshow/90556567.cms WASHINGTON: For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced
Russia Ukraine War Impact: Too early to predict impact of Russia-Ukraine war on Indian economy: Pinaki Chakraborty – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/too-early-to-predict-impact-of-russia-ukraine-war-on-indian-economy-pinaki-chakraborty/articleshow/90533726.cms Synopsis Chakraborty, the director of the National Institute of Public Finance and Policy (NIPFP), said India’s current macroeconomic situation is definitely better than
Top funds differ on whether RBI is behind the curve – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/rbi-risks-falling-behind-curve-like-fed-sbi-funds-warn/articleshow/90532552.cms Synopsis SBI Funds warn the global rout may hurt Indian bonds even as Governor Shaktikanta Das has said that the central bank wasn’t
Central banks have to do a tightrope walk – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/tightrope-walking-by-central-banks/article65267265.ece The rise in inflation has threatened the growth recovery | Photo Credit: RUPAK DE CHOWDHURI High inflation world over has signalled an end
Grain of truth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pradhan-mantri-garib-kalyan-yojana-should-be-seen-as-a-safety-net-not-the-norm-for-all-times/article65267531.ece Free rations must not become ingrained to the government’s food procurement policy | Photo Credit: SRINIVASAN KV Pradhan Mantri Garib Kalyan Yojana should
Steady demand, improving quality may strengthen MFI loan disbursements further in Q4 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/steady-demand-improving-quality-may-strengthen-mfi-loan-disbursements-further-in-q4/article65270497.ece The microfinance industry served 5.57 crore unique borrowers, through 10.58 crore loan accounts, as on December 31, 2021. | Photo Credit: Naturecreator The
Emerging macro instability | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/emerging-macro-instability-122032801439_1.html Global economy is reeling from new supply shocks The global economy, which has barely begun its recovery from the multiple shocks inflicted on
Fed hiking cycle: What next? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fed-hiking-cycle-what-next-122032801458_1.html We may need to be prepared for greater volatility in asset markets and no Fed riding to the rescue to save markets It
High inflation to compel RBI to signal neutral policy stance: S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/high-inflation-to-compel-rbi-to-signal-neutral-policy-stance-s-p-122032800799_1.html The RBI will likely raise the repo rate by at least 50-75 basis points through FY23, and by another 50 basis points in
A big milestone: Sustaining the export growth requires policy thrust to enhance competitiveness | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-big-milestone-sustaining-the-export-growth-requires-policy-thrust-to-enhance-competitiveness/2471065/ As commerce minister Piyush Goyal said, it was a result of detailed strategy, with the department of commerce disaggregating the $400 billion target
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