Illustration

The government's command over household savings needs to be reduced for stimulating demand and private credit

Chart

Retail investments in MF rise as flows into bank deposits drop

funds, investments, stocks, valuations, returns, investors, MFs, mutual funds, savings

The improvement in sentiments during the early months of 2022 essentially reflects an increase in the proportion of households that believe that their current household incomes are better than they we

Life Insurance Corporation

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities

savings, investment, tax, insurance, policy, Mutual fund, MF

Budgeting tips: Start with some kind of allocation of your periodical expenses, even if it's very rudimentary. You can adopt a more sophisticated approach later

Bank of Japan

The survey, which was conducted between Nov. 5 and Dec. 1, also showed more households expect prices to rise five years from now compared with the previous survey in September.

Japan, Covid-19, coronavirus,

Household spending fell 1.3% in November from a year earlier, government data showed, much weaker than the market forecast of a 1.6% gain in a Reuters poll.

indian economy

Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade

Germany

German households lowered their monthly consumption expenditure in 2020 by three per cent as the Covid-19 pandemic "markedly affected" private spending, the Federal Statistical Office said

Change in household income is one of the five components of the Index of Consumer Sentiments

Priyanka gandhi, congress

Congress General Secretary Priyanka Gandhi on Friday launched a scathing attack on the Centre over the issue of inflation, saying the income of 97 per cent household has declined.

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September

Household

76% want Centre to cut excise duty on petrol and diesel as high fuel prices hit family budgets, says a Localcircles survey

inflation, wpi, wholesale price index, economy, prices, commodities, electricity, consumption

Here are the best of Business Standard's opinion pieces for Wednesday

India’s data deficiency

Govt should collect and release timely economic data

chart

The ratio of household (bank) deposits to GDP declined to 3 per cent in the third quarter from 7.7 per cent in the previous quarter

The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019

The March 2021 RBI Bulletin states that household financial savings in India shot up to 21% of GDP in the first quarter of 2020-21

Households saved less in Q2, spent on discretionary items: RBI bulletin

The flip-flop in flows of financial savings was not very different in advanced economies, where net financial savings rose sharply in Q1 and declined in Q2

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

Economic growth, GDP

Business Standard

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Anil Agarwal

Bloomberg

The fiscal deficit for the last financial year narrowed to 6.4% from a year earlier. It also met the budget gap target, aided by buoyant tax receipts and some fiscal headroom from lower payments

Fiscal Deficit

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

market, stocks, stock market trading, stock market

Stock market live updates: At 7:15, the SGX Nifty futures were down around 30 points at 18,680

stock markets

Wrong end of the curve: YTM of most scheme categories 15-65 bps lower at the end of April

Rupee, bonds market, funds

Inverse correlation between net equity MF inflows, market performance

BSE, stock market, sensex

The initial public offering (IPO) market has yet to benefit from the gains in the secondary market in recent months. The IPOs of IKIO Lighting and JG Chemicals may hit the market next month

markets

We expect high single-digit to low double-digit returns for equities in CY23, with preference for mid-caps over large-caps, Jitendra Gohil, director, global investment management at Credit Suisse

Jitendra Gohil, Credit Suisse | Photo Credit: Kamlesh Pednekar

Here is the best of Business Standard's opinion pieces for today

investments, mutual funds

Says this would enable in reduction of pending cases at DRTs and enhance recovery for banks

Finance Ministry

Sebi need not get into the business of regulating the platforms offering fractional ownership rights in real estate

When trust is broken and management is dehumanised, there are no winners in the end

labourers, migrant labourers, labour law

The ex-Wayanad MP said that before we decided to start the 'Bharat Jodo Yatra,' we knew that normal tools used in Indian politics would not work anymore

Rahul Gandhi

India has witnessed a significant transformation in several areas since 2014 and will emerge as a key driver for Asian and global growth, says a Morgan Stanley research report on Wednesday.
India of today, the report said, is different from what it was in 2013.
"In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook," it said.
India, according to the report, "will emerge as a key driver for Asia and global growth."
On the skepticism about India, particularly with overseas investors, who say India has not delivered its potential -- despite it being the second-fastest growing economy and among the top-performing stock markets over the past 25 years -- and that equity valuations are too rich, it said, such a view ignores the significant changes that have taken place in India, especially since 2014.
The report highlighted the 10 big changes, including supply-side policy reforms, formalisation o

Indian market, indian economy, consumer sentiment

Press Trust of India

The 27th meeting of the WMCC was attended by the Joint Secretary (East Asia) from the External Affairs Ministry, who led the Indian delegation

India China

IANS

The Telangana state government on Wednesday launched the Telangana State Anti-Narcotics Bureau and the Telangana State Cyber Security Bureau

Data Protection, cybersecurity, digitisation, security

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the "best and sharpest indictment" of the Congress-led UPA's "lost decade between 2004 and 2014", Union Minister Rajeev Chandrasekhar said on Wednesday.
Speaking to PTI, he said the report reminds Indians how the Congress-led UPA had in 2014 left "a shattered economy". Nine years later, India has emerged as one of the fastest-growing economies in the world with record FDI, the minister said.
"This report that says how India is transformed in less than a decade under Prime Minister Narendra Modi is in my opinion the best and sharpest indictment of the UPA's lost decade between 2004 and 2014," he said.
In the report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since 2014.
Rejecting criticism that India has not

Rajeev Chandrasekhar

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for three months.
The Director General (DG) office is the investigation arm of the fair trade regulator.
According to an official order, the competent authority has approved the extension of the deputation of Atul Verma as Director General of CCI for a period of three months beyond May 31.
CCI is probing various anti-competitive cases, including those relating to technology companies.

Competition Commission of India

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal.
The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak.
"All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans for all the banks, including 12 per cent for the Bank of India (BoI)," Karnatak said.
The credit-deposit ratio in the state was recorded at 45.07 per cent on March 31, 2023, as against 42.37 per cent by the end of the previous fiscal, registering an increase of 6.37 per cent.
According to the RBI guidelines, the CD ratio can be much higher and can reach 77-78 per cent but the reason for the state's low credit to deposit proportion is "primarily due to absence of manufacturing here though ...

Household savings

Budget and the growth process

Mutual funds' share in household savings jump 150% in FY22: RBI data

BS Number Wise: India's savings don't help govt build a social safety net

Consumer sentiments improve

LIC largest holder of G-secs, equities, household savings: Report

A penny saved, a penny earned and other insights into the art of budgeting

Japan households' inflation expectations rise: BOJ survey shows

Japan's Nov household spending extends declines in sign of weak sentiment

Households have not recovered

German household consumption down by 3% in 2020 due to Covid

Household incomes better, caution prevails

Income of 97% household has decreased, says Priyanka Gandhi

Households cautiously optimistic

79% believe household earnings will dip in FY22 as against FY21: Survey

Best of BS Opinion: India's data deficiency, question of compliance & more

India's data deficiency

Household savings slide in third quarter amid Covid-19 pandemic cloud

Households wary of discretionary spending

Savings and sentiments in the recovery process

Households saved less in Q2, spent on discretionary items: RBI bulletin