Page 50 - Economy
RBI MPC blames global factors for high inflation in letter to Centre
The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation
 "RBI MPC blames global factors for high inflation in letter to Centre")
Global funds may invest $25 bn a year in Indian infra, says Ambit Capital
Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds
 "Global funds may invest $25 bn a year in Indian infra, says Ambit Capital")
Bangladesh seen on track to be a $1 trillion economy by 2040: BCG report
With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand
 "Bangladesh seen on track to be a $1 trillion economy by 2040: BCG report")
India should strive for win-win situation for all: Rajnath on Indo-Pacific
Singh said the Indo-Pacific region remains important for the economic development of not only the regional but also the wider global community
 "India should strive for win-win situation for all: Rajnath on Indo-Pacific")
Wheat flour prices jump over 17% in one yr, now closer to sugar, rice: Rpt
The rise in wheat flour prices has come on the back of an increase in wheat prices as well
 "Wheat flour prices jump over 17% in one yr, now closer to sugar, rice: Rpt")
Delayed reopening may hit China's GDP growth rate by 1 point: Oxford report
If China pushes back its economic reopening to the first half of 2024, an anticipated recovery in private consumption will be delayed, says the report
 "Delayed reopening may hit China's GDP growth rate by 1 point: Oxford report")
Centre asks ministries, depts to identify new assets for monetisation
The report said the govt has been able to garner only Rs 33,443 crore in revenue from assets sale in the first 7 months
 "Centre asks ministries, depts to identify new assets for monetisation")
China's Covid policy will hinder property recovery: Goldman Sachs
On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023
 "China's Covid policy will hinder property recovery: Goldman Sachs")
India's digital personal-data protection bill puts privacy at risk
The Digital Personal Data Protection Bill is a more forceful attempt to legislate a Chinese-style surveillance state in the world's largest democracy
 "India's digital personal-data protection bill puts privacy at risk")
World's most-crucial fuel diesel heads for shortage touching everything
Within the next few months, almost every region on the planet will face the danger of a diesel shortage
 "World's most-crucial fuel diesel heads for shortage touching everything")
IBBI expected to introduce two key changes to the Insolvency Law: Report
The decision was made during meetings between IBBI officials, lawyers, consultants and some officials from the finance ministry
 "IBBI expected to introduce two key changes to the Insolvency Law: Report")
India's big plans for cleaner aviation fuel face a string of hurdles
in Dehradun, scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants
 "India's big plans for cleaner aviation fuel face a string of hurdles")
Community health centres lack 80% of health specialists needed: RBI data
Social sector expenditure by states increased sharply during two years worst hit by the coronavirus
 "Community health centres lack 80% of health specialists needed: RBI data")
Indian states' fiscal deficit rose nearly 79 per cent after lockdown: RBI
The RBI's Handbook of Statistics on Indian States showed that apart from Arunachal Pradesh, Haryana, Sikkim and Odisha, all the states saw a higher fiscal deficit in FY21 as compared to FY20
 "Indian states' fiscal deficit rose nearly 79 per cent after lockdown: RBI")
Works under SBM to attract GST if not done for govts, authorities: AAR
Work done for State Urban Development Agency under the Swachh Bharat Mission (SBM) and Mission Nirmal Bangla would not be exempt from GST, according to the state Authority for Advance Rulings (AAR)
 "Works under SBM to attract GST if not done for govts, authorities: AAR")
Warning signal for economy as headline inflation heads to high core
Rate of core price rise has been over 5% for over two years and remained over 6% for five months till Oct
 "Warning signal for economy as headline inflation heads to high core")
UK finance ministery hits wealthy with higher taxes in £55 billion squeeze
British Finance Minister Jeremy Hunt announced a string of tax increases and tighter public spending in a budget plan on Thursday
 "UK finance ministery hits wealthy with higher taxes in £55 billion squeeze")
Indian space business: An exciting field or a bubble about to burst?
There are plenty of challenges however before the scale is achieved, and not necessarily related to launches. There is a vast unmet insurance requirement
 "Indian space business: An exciting field or a bubble about to burst?")
Global freight rates down 30% YoY; steel, auto, and pharma to benefit
However, average container prices are still 2-3 times higher compared to pre-pandemic levels
 "Global freight rates down 30% YoY; steel, auto, and pharma to benefit")
Education loan disbursal target for FY23 set at 13.5% lower than FY22: Rpt
In FY22, the country's financial system disbursed education loans for Rs 23,640 crore and for 12 PSBs in India, the target for FY23 has been fixed at Rs 20,450 crore
 "Education loan disbursal target for FY23 set at 13.5% lower than FY22: Rpt")