FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
India is likely to lead the region with 7.3 per cent growth in 2022-23 after the GDP grew 8.7 per cent in 2021-22, said the rating agency
If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem
Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention
Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster
The AI adoption in four key sectors -- BFSI, consumer packaged goods (CPG) and retail, healthcare, and industrials/automotive -- can contribute 60 per cent of the total $ 500 billion opportunity
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
The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty
Vehicle registrations and railway freight numbers came in lower than before
The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%
Growth has not come roaring back after the pandemic
In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy
Business Standard brings you the top headlines on Tuesday
CLOSING BELL: Sun Pharma, Kotak Bank, HDFC, SBI, Reliance Industries, Shree Cement, and HDFC Life fell up to 3.5 per cent.
Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, economists said
Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22
Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.
India needs deeper fiscal reforms
Bajaj said that to counter inflationary pressures, the central and state governments should cut taxes on petrol and diesel further
India imported goods worth $60.3 billion, up nearly 30 per cent on year in April