Clipped from: https://www.business-standard.com/article/economy-policy/extreme-poverty-in-india-fell-sharply-in-2011-19-world-bank-paper-122041800012_1.html Rural decline steeper than in urban centres The World Bank paper, however, did not say that India has almost eliminated extreme poverty as
Category: Economy
Extreme poverty more than halves in India: World Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/extreme-poverty-more-than-halves-in-india-world-bank/article65330343.ece Extreme poverty in India has declined by over 12 percentage points during 2011-2019, a World Bank working paper has said.This is the second
*****RBI is right to prioritise inflation management. But it won’t be easy | Radhika Pandey writes
lipped from: https://indianexpress.com/article/opinion/columns/rbi-is-right-to-prioritise-inflation-management-but-it-wont-be-easy-7864974/ Radhika Pandey writes: Trade-off between managing prices and government’s borrowing programme will present a challenge. RBI has announced the withdrawal of some of
*****Sharp rise in inflation is likely to bring forward the RBI’s timelines for tightening of policy | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/sharp-rise-inflation-likely-rbis-timelines-for-tightening-of-policy-7868277/ The rise in retail inflation in March was driven primarily by food items — the consumer food price index rose to 7.68 per
Sensitive to the West’s sanctions against Russia, says RBI governor | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/sensitive-to-the-west-s-sanctions-against-russia-says-rbi-governor-122040801031_1.html No decision yet on Rupee-Rouble trade RBI Governor Shaktikanta Das | Illustration: Binay Sinha The Reserve Bank of India (RBI) on Friday said
*Export opportunity | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/export-opportunity-122040700031_1.html India can become a reliable grain exporter Union Commerce and Food Minister Piyush Goyal’s optimism about India’s wheat exports scaling a new high
*Game on – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/game-on/article65296537.ece **EDS: IMAGE POSTED BY @PiyushGoyal ON WEDNESDAY, APRIL 6, 2022** Melbourne: Union Commerce and Industry Minister Piyush Goyal addresses a gathering at the
*High oil prices and their domino effects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/high-oil-prices-and-their-domino-effects/article65294527.ece Fuel and energy prices have a cascading effect, pushing up costs at every stage of production iStock uniquepixel | Photo Credit: uniquepixel Impact
Building on recovery in FY22, bank credit to see robust growth in new fiscal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/building-on-recovery-in-fy22-bank-credit-to-see-robust-growth-in-new-fiscal/article65294455.ece Double-digit jump in advances in Q4; retail lending leads, but corporate demand rising Reflecting the recovery in the economy after two years of
*Close the policy gap | Business Standard Editorials
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
*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
