Government consumption falls in April-June quarter; inflation and supply chain disruption impacts corporate balance sheets
Backed by a rebound in consumption, Indian economy is forecast to have double-digit GDP growth in the April-June quarter. What are the implications of the forecasts that have been released so far?
The country, according to the chairman of the Economic Advisory Council to the Prime Minister, will achieve the estimates made in the Budget, despite the tense geopolitical situation
The net borrowing ceiling of states is mandated by the FRBM Act. However, the upper limit of what their contingent liabilities can be is set by states' own legislative bodies
Study says growth in prosperity also needs to be environmentally sustainable and must be solid and resilient in the face of external shocks
The India ED also represents Bangladesh, Bhutan and Sri Lanka, along with another appointee from one of these countries
This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%
An order stated that the Appointments Committee of the Cabinet has approved the appointment of Subramanian, who is currently professor (finance) at the Indian School of Business
'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed'
This is lower than Finance Minister Nirmala Sitharaman's expectation Rs 1 trillion would be released by end of September
India's own sovereign-backed CBDC was first announced by Union Finance Minister Nirmala Sitharaman in the 2022 Union Budget
India's headline retail inflation for July came in at a five-month low of 6.71%, helped by easing global commodity prices and lower food prices domestically
GST compensation has remained a sticking point between the Centre and states
Industrial output stays robust, tops pre-Covid level
Among the sub-groups, inflation for vegetables was 10.90 per cent compared with 17.37 percent in June
Delhi Chief Minister has given a perverse twist to the debate on freebies, says FM
It is likely to continue with the levy till the Indian basket of crude is above $80 a barrel
India poised to be world's fastest growing economy this year
Money will help carry out their capital expenditure and welfare spending plans
While the govt has secured a big win by privatising Air India, it is still far from its initial goal of privatising majority of PSUs