Page 1128 - Economy & Policy News
FY22 GDP estimates: Some surprises in the internals
The share of consumption and government expenditure has come down in FY22, which is reflective of the economy not yet being fully back on track
 "FY22 GDP estimates: Some surprises in the internals")
India's April-January fiscal deficit touches 58.9% of FY22 target: Govt
In actual terms, the deficit was Rs 9.37 trillion at end-January 2022 against upwardly revised annual estimate of Rs 15.91 trn
 "India's April-January fiscal deficit touches 58.9% of FY22 target: Govt")
Crisil pegs national highways toll road traffic growth at 7-9% for FY22
A significant reduction in mobility in the second half of 2021-22 will restrict growth in toll road traffic on national highways to a moderate 7-9 per cent for the full year, Crisil Ratings said
 "Crisil pegs national highways toll road traffic growth at 7-9% for FY22")
Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief
Business Standard brings you the top headlines on Monday
 "Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief")
Output of eight core sectors at 3.7% in Jan: Govt data
Production of eight infrastructure sectors expanded by 3.7 per cent in January against 1.3 per cent in the same month last year on better show by coal, natural gas and cement industries
 "Output of eight core sectors at 3.7% in Jan: Govt data")
Retail inflation for industrial workers rises to 5.84% in January
Retail inflation for industrial workers rose to 5.84 per cent in January over the same month a year ago mainly due to higher prices of certain food items, the labour ministry said
 "Retail inflation for industrial workers rises to 5.84% in January")
PM Gati Shakti to kick start virtuous cycle of investment: Piyush Goyal
For years, one of the country's finest ports, JNPT, had "very bad" connectivity because of "bad" planning and that is what this government is trying to change with this initiative, said Piyush Goyal
 "PM Gati Shakti to kick start virtuous cycle of investment: Piyush Goyal")
Registration of homes in Mumbai city down 4% to 9,805 units in Feb: Report
Registration of homes in the Mumbai municipal region fell 4 per cent year-on-year to 9,805 units in February this year, according to a property consultant.
 "Registration of homes in Mumbai city down 4% to 9,805 units in Feb: Report")
Rupee slips to 75.35 against USD as crude oil spikes amid Ukraine crisis
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.46 per cent higher at 97.06
 "Rupee slips to 75.35 against USD as crude oil spikes amid Ukraine crisis")
GDP advance estimates may be cut to 8.6%, says India Ratings
India Ratings said that according to the revised estimates, the GDP growth in FY20 now stands at 3.7 per cent compared to 4 per cent earlier.
 "GDP advance estimates may be cut to 8.6%, says India Ratings")
Housing prices rise by 3%-7% in 8 cities, including Mumbai, Delhi: Report
Housing prices across eight major cities in India, including Mumbai, Delhi, Chennai, Kolkata and Bengaluru, rose by 3-7 per cent, an industry report showed.
 "Housing prices rise by 3%-7% in 8 cities, including Mumbai, Delhi: Report")
India worried about Ukraine conflict's impact on farm sector, says FM
India is more worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, Finance Minister Nirmala Sitharaman said on Monday.
 "India worried about Ukraine conflict's impact on farm sector, says FM")
India worried about its exports due to Ukraine crisis: FM Sitharaman
She said areas of concern include pharmaceutical exports and imports of fertiliser from the region.
 "India worried about its exports due to Ukraine crisis: FM Sitharaman")
PM Gati Shakti to play big role in development of modern infra: PM
Modi said it will also help boost exports and make MSMEs globally competitive.
 "PM Gati Shakti to play big role in development of modern infra: PM")
How will the Ukraine crisis affect Asian economies?
As the Russian tanks rolled into Ukraine, they set in motion a war as well as an economic upheaval across Asia. Take a peek into the troubles that the war might cause to these nations, including India
 "How will the Ukraine crisis affect Asian economies?")
Economists say higher oil prices pose more risk to India's growth momentum
India, which meets nearly 80% of its oil needs through imports, could be hit by a widening trade deficit, weakening rupee and higher inflation
 "Economists say higher oil prices pose more risk to India's growth momentum")
Top headlines: Rupee-rouble trade to get a boost, freight rates may rise
Allowing FDI of up to 20 per cent in LIC may open up divestment opportunities in other "bodies corporate" in the government. More on that in our top headlines this morning.
 "Top headlines: Rupee-rouble trade to get a boost, freight rates may rise")
Freight rates may see more hike in India amid Russia-Ukraine crisis
India's monthly exports to these countries amount to around $1.4 billion and imports of around $1.6 billion
 "Freight rates may see more hike in India amid Russia-Ukraine crisis")
Statsguru: How Russia-Ukraine conflict is impacting global markets
Financial markets, too, have felt ripples of the event
 "Statsguru: How Russia-Ukraine conflict is impacting global markets")
Ukraine crisis: Commodity prices to impact FY23 fertiliser subsidy targets
The Reserve Bank of India projects the retail inflation rate to average 4.5 per cent in FY23
 "Ukraine crisis: Commodity prices to impact FY23 fertiliser subsidy targets")