Page 1015 - Economy & Policy News

A global recession and its likely fallout on India's economic growth

While foreign fund inflows could ebb and exports could take a beating, the Indian economy is unlikely to suffer recession again

India's growth to enhance once cloud of pandemic, conflict recedes: CEA

The impact of structural reforms, like GST and IBC, will help boost India's growth once the cloud of the pandemic and geopolitical conflict recedes, Chief Economic Advisor Anantha Nageswaran said

RBI monetary policy review: Further repo rate hikes clearly on the cards

The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead

RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters

Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%

ExpressVPN removes India-based servers, says Centre's rules 'overreaching'

Virtual private network service provider ExpressVPN announced removal of all its India-based VPN servers, rejecting the directions given by CERT-In

Officers of 1983, 1984 batches eligible for Level-16 IRMS posts: Railways

The railways said 1983- and 1984-batch officers of its eight organised services are eligible to apply for Level-16 posts under the Indian Railway Management Service (IRMS)

The importance of being tax transparent

It is time for businesses to take stock and gear up by creating capacity and information system to anticipate new taxes and regulations around ESG and ability to factor this in their business planning

Will a rate hike by RBI help tame inflation?

The US Fed nudged up its interest rates to tame inflation that leapt to 8.5%. Worldwide, central banks resort to rate hikes to reduce inflation. But does it always work? This report explains more

FMs, central bank guvs of BRICS nations vow to deepen financial cooperation

The Finance Ministers and Central Bank Governors of BRICS nations reached a consensus on deepening financial cooperation and strengthening coordination on macroeconomic policy

Gencos have started coal import related process, says power minister

Replying to a question on the issue, the minister said "most of the states have started (the process), in fact every state has started."

RBI Monetary Policy meet: Here's what transpired in the last 8 meetings

The Central bank's MPC meet comes in the backdrop of high inflationary concerns and evolving geo-political scenarios, including Russia's invasion of Ukraine

India's gold imports jump 677% in May to 101 tonnes, shows data

India imported 101 tonnes of gold in May, compared to 13 tonnes a year earlier

Yields on state govt bonds harden ahead of RBI policy announcement

Bond dealers said the hike in yields on state government paper was in line with the increase across the board - treasury bills, Government of India (GoI) bonds, and corporate paper

Can BJP leaders' remarks on Prophet affect India's trade ties with Gulf?

India's relations with West Asian countries have been shaped by energy, trade

Govt to monetise assets worth Rs 75,200 cr in coal mining sector in FY23

According to the National Monetisation Pipeline, 160 coal mining assets with an estimated worth of Rs 28,747 crore have been identified for monetisation during FY22-25.

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

Centre permits green open access for smaller electricity consumers

Threshold brought down to 100 kW from 1 Mw; open access allows consumer to buy power from a source of its choice

Govt unveils policy for air sports, sees 10x annual revenue growth

Other than direct revenue, air sports activities will gain more from growth of travel, tourism, infrastructure, and local employment, especially in the hilly regions

FinMin releases revenue deficit grant of Rs 7,183 cr to 14 states

States will get a total revenue deficit grant of Rs 86,201 cr in FY23, which will be released in 12 equated monthly instalments