Page 10 - Arup Roychoudhury

FM to attend World Bank-IMF annual meeting, drive investor outreach

May hold bilateral meetings with counterparts of other nations. There could also be a G-20 meeting on the sidelines, with focus on India's upcoming presidency of the multi-nation grouping

Finance ministry confident of keeping FY23 fiscal deficit in check

Robust tax mop-up, savings through SNA dashboard bode well for balance sheet, say officials

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Inflation, external pressure priority over growth: Finance ministry

The MPC also cut its FY23 GDP growth forecast to 7 per cent from 7.2 per cent, with Governor Shaktikanta Das acknowledging that there were downside risks to economic growth

Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections

The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore

Small savings rate may remain unchanged for Oct-Dec qtr despite RBI moves

If this happens, it will be the 10th straight quarter of status quo; govt official says Centre did not cut rates when policy rates were being cut during pandemic

Centre in 'mission mode' to fill job vacancies in govt depts and ministries

The centre is also pushing PSUs to ensure timely filling up vacant posts, including the ones reserved for socially backward classes

Centre extends free food grain scheme till Dec at a cost of Rs 45k cr

Move to cost the exchequer additional Rs 44,762 crore

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

What's rendering state Finance Commissions so ineffective and toothless?

While the 13th Finance Commission gave a template for preparing the reports of SFCs, it was not acted upon because these are not mandatory recommendations

India to set climate resilient urban growth as G-20 infra agenda

Officials say that the issue climate resilient urban infrastructure is key for developing and developed economies

Why are government and regulators uneasy about fintech's rise?

Rise of the fintech sector is posing a two-fold challenge before regulators and the govt: To turn India into a fintech superpower while ensuring consumer safety by firms. Our next report tells more

ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand

Earlier forecast was 7.2%; institution says high inflation is another growth hurdle, cut FY24 forecast to 7.2% from 7.8%

India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran

Global slowdown positive for India on balance, says CEA

Slowdown in West, on balance, would be positive for India: CEA Nageswaran

'Signs are very encouraging' are for the Indian economy, he says in an interview

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

Will NITI Aayog-like bodies come up in the states and will they deliver?

Experts believe that merely replacing the state boards with Aayog-like bodies will not make them institutions which would be looked at seriously by the governments

Is the govt going slow on privatisation?

Barring Air India, the govt has made little progress on the disinvestment front. But, why? This report offers a peek into the government's disinvestment drive and tells why it is in the slow lane?

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

Healthy revenue buoyancy expected for rest of the year: Finance Ministry

The Monthly Economic Report states that India is in a better position to calibrate liquidity levels without stalling growth