Page 58 - Economy

CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May

According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year

'To make the right decisions': Rishi Sunak bids to replace PM Johnson

Rishi Sunak became hugely popular during the pandemic after crafting a massive package worth tens of billions of pounds to help businesses and workers

Japan's Shinzo Abe sought to revive economy, fulfil conservative agenda

Abe, 67, appeared to have been shot during a campaign speech on Friday, national broadcaster NHK reported

Amid Russia's war, Ukraine's economy to shrink by at least 35% in 2022

Ukraine's GDP will shrink at least 35 per cent this year due to the conflict with Russia, said PM Denys Shmyhal

PMI: India's services activity touches an eleven-year high of 59.2 in June

The jump in the services PMI corroborates the view that the services sector will lead the growth recovery in FY2023, says Aditi Nayar of Icra

Economic recovery gradual, uneven amidst global headwinds: RBI report

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low

Govt allots Rs 2,516 cr for computerisation of primary agri co-op societies

The model bylaws will enable PACS to offer economic activities other than credit which includes developing cold-storage facilities in villages, running PDS shops and locker facilities for depositors

Signs that inflation is peaking amid global monetary policy action: Patra

The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic

PM Modi urges industry to set up long-term export targets, 'double efforts'

Despite disruptions in the global economy, India's goods and services exports stood at $670 billion and exceeded the $400-billion target for merchandise export alone, he said

Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi

The prime minister also said his government has brought about transformative changes to enable technology-led growth, in sectors such as space, new economy, green energy, and data

ITC's luxury project in Colombo hit by headwinds as Sri Lanka economy sinks

Company says it remains focused on completing project in expeditious manner

ITR filing for AY 2022-23 now available on e-filing portal, says I-T Dept

'Check your Form 26AS, AIS and other relevant documents before submission. Be an early filer,' says I-T Dept

Peak power demand in India drops 12.5% as monsoon picks up pace

Total rainfall deficit drops from over 40% on June 10 to just 2% on June 21

Ban on loading through credit lines: PPIs call for clarity from RBI

Opinion is divided over whether or not the circular will impact the popular 'Buy Now Pay Later (BNPL)' schemes offered by many fintechs

Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

India facing twin deficit problem due to commodity prices, subsidy: FinMin

Ministry's report urges rationalising non-capex spend not only for protecting growth supportive capex but also to avoid fiscal slippages

Targeting 'soft landing' for economy: RBI governor Shaktikanta Das

He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curve

Austrian government presents package with measures to cushion inflation

The Austrian government presented a package of measures aimed at cushioning the impact of high inflation that includes 500-euro ($523) payments for all residents

How weather impacts the economy

Not just scorched earth and people living on it, a good monsoon also soothes the economy and markets. Weather and economy are connected. Find out how nature still rules over us, despite tech advances

US hopes to start trade talks under IPEF to fuel economic activity

Last month, India joined 13 other countries to establish the IPEF, led by the US to counter China's growing clout in the Indo-Pacific region