Page 15 - Arup Roychoudhury

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The agency said that high inflation and hence high nominal GDP growth will benefit the debt-GDP ratio

India's economy to grow at 6.9% in FY23: OECD global macroeconomic report

The institution said that headline inflation is projected to ease gradually, though remaining above the central bank's upper tolerance limit of 6 percent throughout 2022 and 2023.

India prepared to deal with global macroeconomic challenges: CEA

Asserts country's fundamentals are strong, govt and RBI will meet challenges with 'flexible and adroit' policymaking

Govt saved Rs 10,000 crore in interest costs in FY22, says Somanathan

Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022

World Bank cuts India's FY23 GDP forecast to 7.5% amid rising inflation

This is the second time the World Bank has revised its GDP growth forecast for India in FY23

Need to make our banks key part of global trade: PM Narendra Modi

Modi said India has developed various financial inclusion platforms and there is a need to create awareness about them for their optimum utilisation

India pitches sharp economic recovery to make case for ratings upgrade

Government officials have admitted that global inflationary pressures due to Russia's invasion of Ukraine have hit household savings and corporate margins, and will impact growth

Govt leans heavily on nominal revenue growth to beat fiscal blues

If the burden does hit Rs 2.5 trillion, that would mean extra spending of around Rs 35,000 crore

What is windfall tax on oil companies?

Crude oil price is rising. As the burden on people's pocket is increasing, experts are suggesting one-time 'windfall tax' on companies that have profited from the price rise. What is 'windfall tax'?

Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%

April saw revenue surplus of Rs 591 crore

India is better placed than others to face inflation, says CEA Nageswaran

Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation

Decoded: What is windfall tax on oil companies and where does India stand?

If a windfall tax is imposed in India, it will not only be aimed at private companies like Reliance, but also at state-owned behemoths

Consultation paper on cryptocurrency soon, says DEA secy Ajay Seth

He said that India was also engaging with other countries for global regulations on cryptocurrencies, and India's role in such actions

India's FY23 fertiliser subsidy may rise further to Rs 2.5 trillion

Finance Minister Sitharaman had said on May 21 that fertiliser subsidy would require an additional outlay of Rs 1.10 trillion over and above the budgeted amount, taking the outlay to Rs 2.15 trillion

States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty on fuel has been cut, SBI Research said in a report

PM Modi may hold first in-person meet of NITI Aayog since 2019 soon

The meeting comes at a time when NITI Aayog has a new vice-chairman in Suman Bery

Finance Ministry allows govt departments to carry over quarterly spending

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

Economists see limited impact of oil prices on India's GDP growth in Q4

Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22

Q4 GDP growth may be less than 3%: SBI study flags 'forecaster's nightmare'

Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.

No plan to change govt's FY23 borrowing target despite revenue hit: Source

No compromise on capex; consolidated fund to be used if needed, the source said