Page 172 - Indian Economy

Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June

India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines

India needs to fix its economy, generate employment to become a superpower

If the country wants to play a bigger role in its region and in the world, it will first need to fix its economy

Rupee falls below 79/$ as stocks plunge; FII outflows sour market sentiment

Higher US interest rates, upside risks to India's current account deficit, brought about by higher oil prices, have caused the rupee to depreciate 6% vs $ so far in the calendar year

Pain for rupee likely as India's trade gap, capital outflows balloon

A shortfall in India's current account -- the broadest measure of trade -- will probably widen to 2.9% of gross domestic product in the fiscal year ending March 31

Centre's fiscal deficit hits 12.3% of full-year target in April-May period

Non-tax revenue came in at Rs 49,251 crore, or 18.3 per cent of the full year target of Rs 2.69 trillion, compared with 48 per cent for the same period last year

Core sector output at 13-month high in May at 18.1% on capex push

The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal

Don't think today's situation calls for negative real rates: Jayanth Varma

Either inflation has to come down on its own or we will have to raise the rate, or it will be a combination of the two, says MPC member Varma

Labour codes not to kick in from Friday even as states, UTs frame rules

The Centre has already finalised rules on all the four codes

Core sector output expands by 18.1% in May, highest in 13 months

In May, the output of coal, crude oil, refinery products, fertiliser, cement and electricity rose by 25.1%, 4.6%, 16.7%, 22.8%, 26.3% and 22%, respectively

Govt's total liabilities rise 3.7% to Rs 133.22 trn in March quarter

The report released by the finance ministry on Thursday said public debt accounted for 92.28% of the total outstanding liabilities at the end of March

Seven states among top achievers in 'ease of doing business' ranking

In the category of emerging business ecosystems, there are 11 states and UTs, including Delhi, Puducherry and Tripura

GST Council meet: The Goose Point Theorem for rate rationalisation

The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'

War, US inflation impact: Export demand from big partners may taper off

Demand for items, such as steel, apparels, leather, iron ore has been lukewarm from some of India's largest export partners, such as the United States (US), European Union (EU)

Assessing & delivering bad news on economy no longer taboo in FinMin

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

Rupee weakens to a new low; traders see currency breaching 79/$ soon

So far in 2022, the rupee has shed around 5.8 per cent against the dollar as higher US interest rates and a surge in global commodity prices have the outlook on the currency

Rupee at a fresh new low as rising oil deepens CAD, inflation concerns

The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close

Rupee drops 48 paise to close at new low of 78.85 against US dollar

Persistent foreign capital outflows and a surge in crude oil prices led to the slump

As rising CAD starts pinching, the Centre starts scrutinising imports

As the trade deficit in May hit a record high of $24.3 billion, revenue authorities have now become vigilant, according to a report

Disparate and slow recovery of sentiments

Consumer sentiments have been recovering, but at a very slow pace. Worse still, this recovery has been decelerating in recent months. Further, this recovery is skewed in favour of the rich

India's retail investors are underweight on equities: Valentis Advisors MD

Central banks are willing to slow down the economy in an effort to rein in inflation, said Jaipuria