Clipped from: https://www.thehindubusinessline.com/opinion/editorial/its-important-that-the-centre-keep-its-word-on-the-temporary-nature-of-the-windfall-profits-and-export-tax-on-fuels/article65602617.ece It’s important that the Centre keep its word on the temporary nature of the windfall profits and export tax on fuels Extraordinary times
Category: May Look At Leisurely
*****Re may face more heat as repayments worth $267 bn of $621 bn external debt come up – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/re-may-face-more-heat-as-repayments-worth-267-bn-of-621-bn-external-debt-come-up/articleshow/92687264.cms Synopsis The rupee fell to a new record low of 79.38 to the US dollar on Tuesday, a day after India logged a
*Grasim Paints: Grasim’s paints-industry dream is alright. But what about companies already painting the town red? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/grasims-paints-industry-dream-is-alright-but-what-about-companies-already-painting-the-town-red/primearticleshow/92528005.cms SynopsisGrasim’s entry into the paints business with a truckload of cash is likely to impact the industry’s dynamics. Experts, however, are of the
*****Strong dollar and its implication for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-strong-dollar-and-its-implication-for-india/article65601882.ece Three macro-economic developments have propelled the Dollar Index upwards Why is the US dollar strengthening? The US Dollar Index, which measures the greenback’s
Can forex reserves plug India’s dollar shortage? – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/slowly-slowly-manage-rupee/articleshow/92661048.cms With oil prices up, a record trade deficit of $70.25 billion in the April-June quarter, rupee sliding and GoI taking some policy calls,
How this Google Workspace update can save admins from “cybersecurity disaster” – Times of India
Clipped from: https://timesofindia.indiatimes.com/gadgets-news/explained-how-this-google-workspace-update-can-save-admins-from-cybersecurity-disaster/articleshow/92611477.cms The ongoing Covid-19 pandemic has forced several organisations to switch to remote working setups which have helped collaboration tools like Google Workspace to
*Slippery slope – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-should-stick-to-its-approach-of-maintaining-an-orderly-movement-in-the-rupee/article65599781.ece RBI should stick to its approach of maintaining an orderly movement in the rupee The rupee’s sharp depreciation against the dollar, inching closer
*Brokerages remain bullish on Reliance Industries despite windfall tax | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brokerages-retain-bullish-call-on-reliance-industries-despite-windfall-tax-122070401218_1.html Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade
How rupee shrugged off the fragile tag and outperformed despite shocks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/how-rupee-shrugged-off-the-fragile-tag-and-outperformed-despite-shocks-122062901142_1.html The domestic currency has fared better than many of its emerging market peers In nominal terms, the reserves rose $99.2 billion in 2020-21
The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rupee-s-new-lows-why-it-s-not-necessarily-a-cause-for-concern-122070101203_1.html The framers of a ‘strong currency’ policy ignore that almost every country with a successful long-term record of development has pursued a ‘weak
The rupee’s decline — need to curb volatility of capital flows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-rupees-decline-need-to-curb-volatility-of-capital-flows/article65573549.ece The rupee has been declining continuously in the last three years. This has added to the inflationary pressures in the economy The second
*Why MPC should explain its failure to contain inflation to Parliament, not to govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/why-mpc-should-explain-its-failure-to-contain-inflation-to-parliament-not-to-govt/articleshow/92638897.cms Synopsis “The Reserve Bank of India may have multiple goals. But Monetary Policy Committee has only one — inflation control. So why did
*The biggest problem is our dependence on imported energy, which is 4% of our GDP’ | Express Exclusive News,The Indian Express
Clipped from: https://indianexpress.com/article/express-exclusive/explained-live-neelkanth-mishra-interview-the-biggest-problem-is-our-dependence-on-imported-energy-which-is-4pc-of-our-gdp-8005728/ Neelkanth Mishra, Co-head of Asia Pacific Strategy, India Equity Strategist with Credit Suisse and part-time member of the PM’s Economic Advisory Council, unpacks
Sixty companies exit the billion dollar m-cap club – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/sixty-companies-exit-the-billion-dollar-m-cap-club/article65593310.ece Up to 70% stock correction from the peak in October 2021 and a plummeting rupee have led to a double whammy It’s not
*An inevitable decision: Duty hikes on oil are a practical move in the face of a tough external environment | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/an-inevitable-decision-duty-hikes-on-oil-are-a-practical-move-in-the-face-of-a-tough-external-environment/2579974/?ref=Must_Read One could also argue such out-of-turn revisions in duties are generally undesirable in the interest of tax structure stability. One could also argue
*Taming twin deficit: Tax imposed on fuel exports, levy on crude doubled | The Financial Express
Clipped from: https://www.financialexpress.com/economy/taming-twin-deficit-tax-imposed-on-fuel-exports-levy-on-crude-doubled/2579454/?ref=Must_Read The Indian rupee hit a new all-time low of 79 against the dollar on Friday, amid unabated FPI outflows from equities and a
MHA amends FCRA rules, allows relatives living abroad to send up to Rs 10 lakh to Indians without restrictions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/mha-amends-fcra-rules-allows-relatives-living-abroad-to-send-up-to-rs-10-lakh-to-indians-without-restrictions/articleshow/92621155.cms Synopsis Similarly, making changes in rule 9, which deals with application of obtaining ‘registration’ or ‘prior permission’ under the FCRA to receive funds,
Asian Paints stock hits 52-week low. 2 things bothering investors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/asian-paints-stock-hits-52-week-low-2-things-bothering-investors/articleshow/92200502.cms Synopsis On each of these occasions, Asian Paints and Berger Paints have held onto their gross margins and their operating margins because of
Is the economy out of the woods? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/is-the-economy-out-of-the-woods/article65543531.ece The all-pervasive influence of energy on the economy and the low-income trap could restrict the growth momentum The 8.7 per cent growth in
*Passing stress test | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/indian-banking-rbi-report-loans-capital-assets-8004073/ New RBI report says asset quality, capital position of banking system continues to improve. That’s something to build on Data presented in the
