Page 413 - Economy & Policy News

Wholesale prices rise in March by 0.53% from a year, shows govt data

WPI for potato witnessed a jump of 52.96 per cent against a deflation of 25.59 per cent, while for onion 56.99 per cent as compared to (-) 36.83 per cent in March 2023

Fuelling tensions: West Asian conflict reveals India's oil vulnerability

Iran attacked Israel after an airstrike by Jerusalem on April 1 on an Iranian embassy compound in Damascus killed an Iranian general and six officers

ETCD directives don't go well with RBI's stellar reputation

The RBI move goes against the trend of allowing more flexibility and therefore, retrograde

States fiscal deficits for FY24 likely to be close to 3.1% of GDP: Citi

The report suggests grants from Centre to states have been falling due to no GST compensation funds and lower finance commission grants

March retail inflation eases to 10-mth low of 4.85%; IIP grows 5.7% in Feb

But remains well above RBI's 4 per cent target

Wages to workers: MGNREGA's fluctuating fate during Modi government

The rural employment scheme's nature and the objective had come in for strong criticism and plans were afoot to change its characteristics, according to civil society activists

Rupee, government bonds weaken post higher-than-expected March US CPI

The 10-year govt bond yield surged 7 bps to its highest level in over two months tracking the rise in US Treasury yields

Inflation down in key peers: Here's how some Brics countries fare

Among Brics countries, Brazil, China, and India have shown a decline compared to the previous month and Russia has seen an uptick

Election season may hit govt capital expenditure spending, FDI inflows

In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent

India's foreign exchange reserves hit fresh peak of $648.56 billion

In the current calendar year, the reserves have expanded by 23 billion so far. As of 29 December 2023, India's foreign exchange reserves amounted to $623 billion

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February

The government has tasked the Reserve Bank to ensure inflation remains at 4%, with a margin of 2 per cent on either side

Moody's Analytics projects India's economy to expand by 6.1% in 2024

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Maldives in discussion with India to pay in local currency for imports: Min

Saeed said his party was now getting all signals that there was a possibility to make non-dollar payments for all of these massive import arrangements

Moody's Analytics forecasts India's economy to grow by 6.1% in 2024

Moody's Analytics reported that India's output is currently 4% below what it would have been without the impact of the Covid-19 pandemic

India reviews Asean trade pact to address domestic manufacturing anomalies

The Ministry of Commerce and Industry has asked for input from the industry to pinpoint products suffering from an inverted duty structure that puts local manufacturers at a disadvantage

Moody's maintains stable outlook for India, cautions on political tensions

Moody's cautioned that a continued increase in the debt burden could weaken India's fiscal strength and put downward pressure on the rating

Oil prices rise but set for weekly loss amid expectations of Fed rate cuts

The gains erased some losses from the previous session, which was dominated by worries about stubborn U.S. inflation that dampened hopes for an interest rate cut as early as June

India's economy boosts jobs, but for unskilled and semi-skilled workers

It is not really a case of jobless growth, just that job creation is more for the low-skilled

Next round of talks on proposed India-Peru trade agreement likely in Jun

Commerce Secretary Sunil Barthwal said the basic principle of negotiations should be understanding strengths and respecting sensitivities of each other

ADB ups India GDP forecast to 7% for FY25 on investments, consumer demand

Supply line disruptions and weather shocks to agriculture are key risks to outlook, says lender