Page 1082 - Economy & Policy News
RBI focused on growth, likely to keep rates unchanged on April 8: Analysts
Economists expect the RBI to raise its retail-inflation projection for the fiscal year starting on Friday by 50 to 80 basis points from 4.5%.
 "RBI focused on growth, likely to keep rates unchanged on April 8: Analysts")
ATF hiked by 2% to all-time high amid surge in global energy prices
The increase in ATF price comes on back of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.
 "ATF hiked by 2% to all-time high amid surge in global energy prices")
Top headlines: Centre to step up borrowing; Adani Group wins big in FY22
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
 "Top headlines: Centre to step up borrowing; Adani Group wins big in FY22")
What are the challenges facing the PLI scheme?
Apple is ramping up its production in India. The govt's production-linked incentive, or PLI scheme, seems to have helped it. Is it good for other sectors too? And what are the challenges it is facing?
 "What are the challenges facing the PLI scheme?")
Bid to circumvent sanctions will have consequences, says US
US Deputy National Security Adviser Daleep Singh also referred to the "no limits" partnership between Moscow and Beijing
 "Bid to circumvent sanctions will have consequences, says US")
Recapitalisation bonds to face mark-to-market provision, says RBI
The RBI also said that, 'investments classified under HTM shall be carried at acquisition cost, with the premium over the face value being amortised over the tenor of the instrument'
Centre extends foreign trade policy by another six months till Sept 30
The development comes amid disruptions in global trade due to month-long tension between Russia and Ukraine
 "Centre extends foreign trade policy by another six months till Sept 30")
Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs
The Centre has missed its revised divestment target for the second time in three years even after slashing the target by 55 per cent to Rs 78,000 crore in the Union Budget
 "Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs")
Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate
India also gets offer of rupee-ruble-denominated payments
 "Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate")
Petrol, diesel prices up by 80 paise; total increase now stands at Rs 6.40
This is the ninth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.
 "Petrol, diesel prices up by 80 paise; total increase now stands at Rs 6.40")
Govt keeps interest rate of small savings schemes unchanged for Q1FY23
Rising inflation rate and increasing chances of the RBI reversing its accommodative policy stance may have prevented the govt from cutting small savings rates
 "Govt keeps interest rate of small savings schemes unchanged for Q1FY23")
India's current account deficit widens to 2.7% of GDP in Q3
The current account deficit was $9.9 bn in the second quarter ended Sep 2021 and $2.2 bn a year ago
 "India's current account deficit widens to 2.7% of GDP in Q3")
India's core sector grows 5.8%; fiscal deficit widens to 82.7% of RE
When compared to the same month a year ago, all sectors except crude oil (-2.2 per cent) and fertilisers (-1.4 per cent) registered robust growth
 "India's core sector grows 5.8%; fiscal deficit widens to 82.7% of RE")
India supports release of oil from reserves to cool prices: Minister
Oil prices plunged on Thursday on news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve (SPR)
 "India supports release of oil from reserves to cool prices: Minister")
Centre plans to borrow 59% of FY23 debt target in April-September
Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn
 "Centre plans to borrow 59% of FY23 debt target in April-September")
Non-food credit growth accelerates to 8% in Feb: RBI data
For the current fiscal year till February 25, the non-food credit growth has accelerated to 6.2 per cent against 3.7 per cent for the same period of the last year
FY22 private placements growth may have hit record low, shows data
Lower appetite from borrowers in post-pandemic economy a key reason, say experts
 "FY22 private placements growth may have hit record low, shows data")
CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%
The retail price of compressed natural gas (CNG) is cut by Rs 6 to Rs 60 per kg and domestic piped natural gas (PNG) by Rs 3.50 to Rs 36/scm in and around Mumbai effective Friday
 "CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%")
Half of states yet to provide water supply to schools, anganwadi centres
16 per cent of schools lack water supply connection; 31.8 per cent still do not have tap water in urinals
 "Half of states yet to provide water supply to schools, anganwadi centres")
Govt doubles gas price to record levels for 6 months; CNG rates may go up
The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.1 per mmBtu from the current $2.90 per mmBtu
 "Govt doubles gas price to record levels for 6 months; CNG rates may go up")