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
Category: Economy
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
Crisil calls for tariff cuts to spur exports – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/crisil-calls-for-tariff-cuts-to-spur-exports/article38320643.ece ‘Lower duties needed on inputs, raw materials to stop importing inflation’ The government should lower import tariffs on inputs and raw materials to
Indian economy recovered ‘handsomely’ from pandemic-induced disruptions: Panagariya–DECCAN CHRONICLE
Clipped from: https://www.deccanchronicle.com/business/economy/250122/indian-economy-recovered-handsomely-from-pandemic-induced-disruption.html Former Niti Aayog Vice Chairman Arvind Panagariya (Twitter) New Delhi: The Indian economy has recovered ‘handsomely’ from the pandemic-induced disruptions, former Niti Aayog Vice Chairman
FY23 no year for fiscal consolidation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/fy23-no-year-for-fiscal-consolidation/2414904/ The government must use fiscal policy to the best of its ability to push growth & create jobs The government’s policy response, post
inflation: View: Dear govt and RBI, stop ignoring the inflation elephant in the room – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-dear-govt-and-rbi-stop-ignoring-the-inflation-elephant-in-the-room/articleshow/89101057.cmsSynopsis Even if one were to look at the problem from the demand side, what is relevant is ‘monetary demand’. In the US’ case,
Why are oil prices high, and any relief in sight? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/explainer-why-are-oil-prices-high-and-any-relief-in-sight/article64938549.ece Apart from high fuel prices, the unknown variable is Russia-Ukraine tensions and how the other nations respond. Anyone who’s bought food, paid rent,
India’s economy has some bright spots, a number of very dark stains: Raghuram Rajan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-economy-has-some-bright-spots-a-number-of-very-dark-stains-raghuram-rajan/articleshow/89070780.cmsSynopsis “My greater worry about the economy is the scarring to the middle class, the small and medium sector, and our children’s minds, all
Recovery tracker: Economic activity slows further, power demand stays weak | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/recovery-tracker-economic-activity-slows-further-power-demand-stays-weak-122012400919_1.html Domestic air traffic, retail and recreation visits down Illustration: Ajay Mohanty Weekly indicators of economic activity showed signs of a further slowdown. People
