Clipped from: https://www.business-standard.com/article/economy-policy/tax-hike-on-components-to-make-mobile-pli-uncompetitive-for-exports-icea-122011600652_1.html ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive. Demanding
Category: Economy
The fiscal-monetary tango | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-fiscal-monetary-tango-122011601027_1.html The pandemic years called for policy reinforcement; the post-pandemic aftermath will call for policy prioritisation The past two years have seen the largest
India’s trade with China crosses $125 billion, imports near $100 billion – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/indias-trade-with-china-crosses-125-billion-imports-near-100-billion/article38272914.ece Data show continued demand for a range of Chinese goods, particularly machinery India’s trade with China in 2021 crossed $125 billion with imports
Across the Aisle by P Chidambaram: The real and the surreal – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-by-p-chidambaram-the-real-and-the-surreal/2407508/ Gross Fixed Capital Formation in 2021-22 will move up a tad (Rs 1,21,266 crore) over the level achieved in 2019-20, totally insufficient in
SBI hikes short-term FD interest rate: Check details here – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/sbi-hikes-short-term-fd-interest-rate-check-details-here/articleshow/88913619.cmsSynopsis In December 2021, SBI increased its base rate by 0.10 percent or 10 bps, according to its website. The new rate, that is,
agro commodity: India was slowly becoming a major agro commodity exporter. But 2022 may be a different story – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/india-was-slowly-becoming-a-major-agro-commodity-exporter-but-2022-may-be-a-different-story/articleshow/88823930.cms SynopsisIndian growers and agro exporters were able to show a marked improvement in exports. But their celebrations might be short lived as the
Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/credit-growth-up-9-2-in-dec-2021-on-strong-growth-in-last-fortnight-of-qtr-122011401312_1.html Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI
December merchandise exports up 40% YoY, hit record $37.81 billion | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/december-merchandise-exports-up-40-yoy-hit-record-37-81-billion-122011400712_1.html Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first
Dec WPI eases slightly but remains in double digits as food prices soar | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dec-wpi-eases-slightly-but-remains-in-double-digits-as-food-prices-soar-122011401114_1.html Bucks a 4-month rising trend in December 2021 and comes in at 13.56%, even as food prices harden Wholesale Price Index-based Inflation (WPI)
Markets rally as US Fed expands balance sheet; $31 bn added in last 2 weeks | Business Standard News
lipped from: https://www.business-standard.com/article/markets/markets-rally-as-us-fed-expands-balance-sheet-31-bn-added-in-last-2-weeks-122011500033_1.html Historically, there has been a high positive correlation between the changes in the US Federal balance sheet and the changes in the Indian
Year-on-year analysis of economic performance serves a very limited purpose | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/year-on-year-analysis-of-economic-performance-serves-a-very-limited-purpose-122011500131_1.html A year-on-year analysis is useful in a conceptual way as it accounts for the seasonal impact on the data, but it tells you
Boom time for companies: What record profits may mean for govt’s revenue | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/boom-time-for-companies-what-record-profits-may-mean-for-govt-s-revenue-122011401094_1.html If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be
Retail sales growth slows down in December – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/retail-sales-growth-slows-down-in-december/article38231169.ece The pace of growth was seen dropping off towards last week of December on fresh curbs by States Retail sales growth witnessed a
Monetary Policy: Just flawed logic or toeing FM’s line? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/monetary-policy-just-flawed-logic-or-toeing-fm-s-line-1068041.html The question is: Has the monetary policy achieved the desired short-term goal? Reserve Bank of India. Credit: Reuters File Photo The December bi-monthly
India’s forex reserves to face $256 billion overseas debt challenge in next 12 months – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indias-forex-reserves-to-face-256-billion-overseas-debt-challenge-in-next-12-months/articleshow/88880502.cmsSynopsis External debt worth $256 billion matures over the next 12 months, according to the September data released by the finance ministry. This is
Current account deficit, a long story short – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/current-account-deficit-a-long-story-short/articleshow/88884354.cmsSynopsis Higher global oil prices and larger gold imports – around $5 billion per month – have played a key role in pushing up
India’s economy recovery on ‘solid path’ amid rapid vaccination progress, forecast to grow 6.5 per cent in FY 2022: UN – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indias-economy-recovery-on-solid-path-amid-rapid-vaccination-progress-forecast-to-grow-6-5-per-cent-in-fy-2022-un/articleshow/88883041.cmsSynopsis The flagship United Nations World Economic Situation and Prospects (WESP) 2022 report, launched here, said that India’s GDP is forecast to grow at
RBI shouldn’t fall behind the curve – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/rbi-shouldnt-fall-behind-the-curve/articleshow/88884395.cmsSynopsis Against the backdrop of higher inflation, rising yields and an erosion in savings amid negative real rates for over two years – the
Enough of the old ‘level playing field’ argument. Reduce trade barriers to make India grow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/enough-of-the-old-level-playing-field-argument-reduce-trade-barriers-to-make-india-grow/articleshow/88862488.cmsSynopsis Data from the IMF’s October 2021 World Economic Outlook reveals that India’s real exports growth moves in tandem with the growth in global
With inflation at 40-year high, US central bankers consider March rate hike | Business Standard News
Clipped from: https://www.business-standard.com/article/international/with-inflation-at-40-year-high-us-central-bankers-consider-march-rate-hike-122011300202_1.html US central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary
