Clipped from: https://www.financialexpress.com/economy/us-economy-regains-speed-gdp-grows-6-9-in-q4-beats-estimates-2021-growth-best-in-nearly-4-decades/2417666/ The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years. Growth last
Category: Economy
Budget 2022 Survey: PLI, boost for ailing economy or under-utilised policy step? FM Sitharaman must plug gaps – The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2022-survey-pli-boost-for-ailing-economy-or-under-utilised-policy-step-fm-sitharaman-must-plug-gaps/2417604/ According to a survey conducted by Financial Express Online, government must focus on plugging the gaps in the implementation of the Make-in-India centric
Budget 2022 Survey: Budget to focus on low consumer spending, commodity pricing, unemployment, say experts – The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2022-survey-budget-to-focus-on-low-consumer-spending-commodity-pricing-unemployment-say-experts/2417561/ According to a budget survey conducted by Financial Express Online, experts and economists say low consumer spending, commodity pricing, unemployment, will be the
Budget 2022 should focus on bridging widened inequality in economy, creating jobs, says former RBI Governor D Subbarao – The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2022-former-rbi-governor-d-subbarao-interview-on-economy-inequality/2417248/ The former RBI Governor pointed out that jobs have been lost because of the shift in activity from the labour-intensive informal sector to
US Fed likely to hike rates in March as Powell vows fight against highest level of inflation since 1980s – The Financial Express
Clipped from: https://www.financialexpress.com/economy/us-fed-likely-to-hike-rates-in-march-as-powell-vows-fight-against-highest-level-of-inflation-since-1980s/2416711/ Subsequent interest rate increases and an eventual reduction in the Fed’s asset holdings would follow as needed, Powell said, while officials monitor how
Increasing MSMEs’ share in GDP to 40% by 2025 is a herculean task: AIMA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-increasing-msmes-share-in-gdp-to-40-by-2025-is-a-herculean-task-aima/2413579/ Ease of Doing Business for MSMEs: Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports
Pricing in Inflation: Where is core CPI inflation headed? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/pricing-in-inflation-where-is-core-cpi-inflation-headed/2415908/ If the asymmetric behaviour in the past is a guide, the catch-up in core-CPI inflation could come quite fast. If past asymmetric behaviour
Need for fiscal consolidation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-need-for-fiscal-consolidation/article64938621.ece Debt is one liability that is difficult to defer. Uncontrolled fiscal deficit hurts growth What is fiscal deficit? Why is fiscal consolidation important
India is on course to be among the fastest growing economies of the world: RBI DG Patra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/india-is-on-course-to-becoming-among-the-fastest-growing-economies-of-the-world-rbi-dg-patra/article64943047.ece RBI Deputy Governor Michael Debabrata Patra noted that the impact of second wave is relatively less severe India is on course to be
Policy implications of WPI-CPI dynamics – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/wpi/article64943341.ece For monetary policy, tasked with curbing inflation that is on the high side amidst uncertain growth, these are difficult times indeed The complex
Textile Ministry extends timeline for PLI scheme application to February 14 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/textile-ministry-extends-timeline-for-pli-scheme-application-to-february-14/article64943538.ece Expects the number of submissions to go up following the extension The Textile Ministry has extended the timeline for applications for the Production
This Budget, Sitharaman needs to walk a tightrope – balancing demand boost and fiscal consolidation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-this-budget-sitharaman-needs-to-walk-a-tightrope-balancing-demand-boost-and-fiscal-consolidation/articleshow/89142565.cmsSynopsis Gross tax collections in April-November 2021 are tracking at 70% of BE, the highest in the last 10 years. Overall, gross tax revenue
Centre’s interest burden may rise 15% in FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/centres-interest-burden-may-rise-15-in-fy23/articleshow/89144996.cmsSynopsis Interest payments are budgeted to consume over 45% of the Centre’s revenue receipts in FY22, against 36.4% in FY12. The Centre’s interest burden
Demand boost, a must to sustain the nascent growth revival – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/demand-boost-a-must-to-sustain-the-nascent-growth-revival/article64940537.ece The fiscal space can be used to reinvigorate consumer demand. Tax sops can also be considered for the salaried Harsh Pati Singhania The
US Fed is far behind the curve on controlling inflation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-federal-reserves-mad-scramble/2416607/ The current upsurge in inflation is not transitory or to be dismissed as an outgrowth of idiosyncratic Covid-19-related developments. It is widespread, persistent,
Extra Push: Capex outlay in FY23 pegged at Rs 10.5 lakh crore – The Financial Express
Clipped from: https://www.financialexpress.com/economy/capex-by-centre-cpses-may-be-rs-10-5-lakh-crore-in-fy23/2416581/The Centre via Budget may invest 18% more in FY23 than in FY22 at around Rs 6.53 lakh crore to retain its budgetary capex
Pricing in Inflation: Where is core CPI inflation headed? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/pricing-in-inflation-where-is-core-cpi-inflation-headed/2415908/ If the asymmetric behaviour in the past is a guide, the catch-up in core-CPI inflation could come quite fast. If past asymmetric behaviour
Budget-making during recovery | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/budget-making-during-recovery-122012501812_1.html The challenges before the coming Budget are more daunting than those in 2021 When Finance Minister Nirmala Sitharaman presented her last Union Budget, the odds
Finance minister should strike fine balance in budget–Madan Sabnavis writes–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/finance-minister-budget-2022-7739845/ 🔴 Madan Sabnavis writes: The task should be trying to get more bang for the buck so that the multiplier effects are higher
Lekha Chakraborty, Harikrishnan S write: Helping economy to recovery–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/helping-indian-economy-down-the-road-to-recovery-7739879/ 🔴 Lekha Chakraborty, Harikrishnan S write: An accommodative stance on public spending in budget holds key to economic revival People wear face mask
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