Page 1043 - Economy & Policy News
RBI may 'kill excess demand' in economy in six-eight months
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
 "RBI may 'kill excess demand' in economy in six-eight months")
Russian importers seek deals with smaller Indian firms to avoid sanctions
Private sector players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions
 "Russian importers seek deals with smaller Indian firms to avoid sanctions")
India, Oman agree to have joint feasibility study on limited trade deal
The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA)
 "India, Oman agree to have joint feasibility study on limited trade deal")
RBI likely to up inflation projection in June, mull more rate hikes: Report
The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month.
 "RBI likely to up inflation projection in June, mull more rate hikes: Report")
Govt asks PFC, REC to give short-term loans to imported coal-based plants
The direction assumes significance in view of the power ministry's earlier order that asked all imported coal-based plants to produce electricity at their 100% generation capacity
 "Govt asks PFC, REC to give short-term loans to imported coal-based plants")
Morgan Stanley cuts India's growth forecasts on inflation, global slowdown
Gross domestic product growth will be 7.6% for FY23 and 6.7% for FY24, 30 basis points lower than the previous estimates, the brokerage said in a note
 "Morgan Stanley cuts India's growth forecasts on inflation, global slowdown")
Why pruning general debt to 66% of GDP over next 5 years looks unachievable
An RBI report says even in the best case scenario, general govt debt may not dip below 75% of GDPl and if there are events, it may in fact rise to 90% of GDP by 2026-27
 "Why pruning general debt to 66% of GDP over next 5 years looks unachievable")
Rising cost of living is driving Indians to save more money: EY report
The survey raises concern over the rising cost of goods and services that is impacting people's ability to purchase goods and is affecting their purchasing decisions
 "Rising cost of living is driving Indians to save more money: EY report")
India's FY22 per capita income projected higher than Bangladesh: IMF
Bangladesh is likely to topple India again for each of the next six years
 "India's FY22 per capita income projected higher than Bangladesh: IMF")
As Black Sea supplies fall, India sells record 1.4 mn tonnes wheat in April
India is the only major supplier of wheat at this time of year, and its exports of the grain have surged since Russia invaded Ukraine in late February
 "As Black Sea supplies fall, India sells record 1.4 mn tonnes wheat in April")
Explained: Why India's 2025 ethanol blending target may not be a good idea
India's target to have 20% ethanol blended in petrol will have to bring more land under cultivation of raw material, and that may affect food security. Yet, emissions will not reduce drastically
 "Explained: Why India's 2025 ethanol blending target may not be a good idea")
How a weaker rupee will impact the Indian economy and people?
Indian rupee touched an all-time low against a surging US dollar. Every 5% fall in the rupee adds about 10-15 bps to the inflation. So, what does a weaker rupee mean for the Indian economy?
 "How a weaker rupee will impact the Indian economy and people?")
Decks cleared for 5G auction but will you enjoy the benefits anytime soon?
The govt is planning to roll out 5G for sometime now. But the telecom operators look upset, as some of their demands have not been fulfilled -- suggesting a lukewarm response of the upcoming auction
 "Decks cleared for 5G auction but will you enjoy the benefits anytime soon?")
Decks cleared for 5G auction; India may see services showcased on 15 August
Trai leaves it to DoT to decide on the validity of spectrum assignment, deferment of auction in 27.5 GHz - 28.5 GHz band and quantum of spectrum to be reserved for BSNL/MTNL
 "Decks cleared for 5G auction; India may see services showcased on 15 August")
Outward FDI nearly halves to $3.39 billion in April, says RBI data
On sequential basis too, the outward investment from India in April was lower compared to USD 3.44 billion in March 2022
 "Outward FDI nearly halves to $3.39 billion in April, says RBI data")
Amid rising imports, Centre mulls boosting production of specific items
Government officials also told industry representatives that exports and domestic production are inter-linked
 "Amid rising imports, Centre mulls boosting production of specific items")
Govt-appointed panel to finalise RoDTEP rates for SEZs by mid-June
The committee is likely to submit its report to the department of commerce by mid-June
 "Govt-appointed panel to finalise RoDTEP rates for SEZs by mid-June")
Ensure 24x7 power supply to industry and people: FM Sitharaman to states
'We should all take a call so that electricity shortage should not come to anyone, anywhere. Electricity should be there and it should be at a reasonable rate', FM said
 "Ensure 24x7 power supply to industry and people: FM Sitharaman to states")
Power crisis: Kanpur tanneries see input costs rise by more than 50%
The third part of a series captures the travails of tanneries from ground zero
 "Power crisis: Kanpur tanneries see input costs rise by more than 50%")
Lenders can invoke personal guarantees in IBC cases, says Supreme Court
IBC provision requires initiation of CIRP to proceed against personal guarantors
 "Lenders can invoke personal guarantees in IBC cases, says Supreme Court")