Page 35 - India Economy

Govt looking for complete exit with the help of PSB Privatisation Bill

The government is mulling an amendment that will allow the Centre a total exit from banks, fully privatising PSBs, a report said

Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report

Think-tank recommends social security for gig workers

RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal

Central bank has to target inflation but with 'awareness of nuances',' she says in interview.

India likely to impose ceiling on next season's sugar exports: Report

It has capped current season's sugar exports 10 mn tonnes, wants ample local supplies.

Authorities taking steps to moderate inflation, push growth: DEA Secy

Monetary and fiscal authorities are taking steps to moderate inflation and push growth, Department of Economic Affairs Secretary Ajay Seth said

Monetary policy will be calibrated to rein in inflation: RBI annual report

Surplus to government fell due to large transfer to Contingency Fund

Strong demand powers Indian economy past record inflation, for now

The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers

Crude economics

India needs deeper fiscal reforms

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

Centre and states: Sitharaman reveals 'implication' of duty cut on fuel

Decision to cost Rs 1,00,000 cr a year for central government, says Finance Minister after 'criticism/appraisal' of decision.

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

The loss to the exchequer due to the recent excise duty cuts will have to be borne through additional market borrowings, says Bloomberg.

Reserve Bank board approves Rs 30,307 cr dividend payment to govt for FY22

The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.

India's inflation set to average at 9-year high of 6.9% in FY23: Ind-Ra

The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said

Govt asks RBI to lower bond yields as inflation risks spiral: Report

The government's request could complicate the RBI's policy of withdrawing liquidity from the market, which marks a shift away from an ultra-loose monetary stance.

Stock market may see further corrections, volatility after RBI move

Money may move out of rate-sensitive stocks into the less-affected sectors

Policy normalisation is back with RBI making surprise rate hike

The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.

RBI's surprise rate hike signals pivot to inflation management completed

The MPC has focused on preventing inflationary expectations from un-anchoring in an increasingly uncertain environment.

Core sector picks up sequentially; registers double digit growth in March

A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum.

European Union, India to set up trade, technology council: EU chief Ursula

Both sides agreed that rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement

The biter bit: The sanctions on Russia are beginning to hurt buyers now

All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan