Page 170 - Indian Economy

Top Headlines: PSBs shareholding cap, growth of top firms, and more

The central government is seeking to remove the 10 per cent shareholding cap for individuals in public sector banks (PSBs). Read more in our top headlines

India can reach 8% sustained growth: Ex-NITI Aayog vice-chairman Panagariya

'I fully support the capex push. I do not believe in sector specific interventions', said Panagariya

Demand revival pushed housing sales up 2.5 times in H1CY22, prices up 7%

Housing sales in Delhi-NCR jumped 2.5 fold annually during January-June on revival in demand and lower base effect, while prices rose 7 per cent, according to property consultant Knight Frank India

FMCG companies expect demand recovery, price stability in next quarter

With commodity prices peaking out, major FMGC players in India expect a recovery in demand in both rural and urban markets going forward aided by price stability

India needs to grow 8-10% in next 25 yrs to create more jobs: Singapore min

"You need the productive growth because it's the only way in which incomes are going to grow but you need a lot more job growth and it can be achieved," he said.

Japan accounted for more than a tenth of India's FDI under Abe's tenure

During Abe's tenure, Japan had announced support for a number of major projects

Revving up in low gear: The paradoxes in India's transport sector

No Indian airline makes money, railways' passenger traffic is stagnant, and roads have a revenue imbalance problem, but investments in all three are like never before, notes T N Ninan

Rupee's travails: What has led to the fall, and what can Reserve Bank do?

The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion

Windfall tax, new export, import duties may fetch exchequer over Rs 1 trn

Likely to boost elbow room for additional govt capital expenditure; experts see net estimated gains of 0.2-0.3% of GDP on fiscal revenues

Fiscal consolidation today

Mercifully, India has been spared the problems that foreign currency sovereign debt would have posed

Navigating India's soft landing

Unless the geopolitical situation worsens considerably, chances of a soft landing are higher in India than in the US

Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles

The steps came after the RBI's foreign exchange reserves fell by more than $40 billion over the past nine months, largely due to its intervention in the currency market to curb rupee losses

Inflation risk has peaked in Asia; rate hikes may moderate: Morgan Stanley

Inflation as measured by the CPI index stood at 7.04 in May 2022, higher than the Reserve Bank of India's (RBI's) comfort zone of 2 - 6 per cent

Centre sets out rules on disbursing Rs 1 trillion capex funds to states

Funds provided to the states under the scheme will be used for new and ongoing capital projects as well as for settling pending bills in them

Coal is the new pain point as India grapples with a massive import bill

Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country

India's export curbs, tax hike to exacerbate global diesel, petrol shortage

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline exports in the second half of the year

Odisha top among states on Food Act implementation; UP in second place

Goa and Chhattisgarh at the bottom of the pile on implementation of National Food Security Act

Rupee declines by 38 paise to new low of 79.33 against USD on CAD concerns

The currency's slump comes a day after data showed India's trade deficit ballooned to a record $25.63 bn on account of a steep increase in gold and crude oil imports

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront

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