Page 193 - Indian Economy

Indian economy progressing well; high oil prices pose risks: Ashima Goyal

India's economic recovery from Covid is progressing well and the trajectory will continue but persistently high oil prices can play spoilsport, economist Ashima Goyal said

Moderate asset quality pressure may re-emerge for banks: Fitch

Moderate pressures on asset quality of Indian banks may re-emerge as forbearance starts to unwind from 2023, Fitch Ratings said on Friday

RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit

The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold

Surge in global energy prices will hurt India, says IMF MD Georgieva

India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva

Govt in talks with sectors impacted by ongoing Russia-Ukraine conflict

An industry official said that as far as manufactured goods are concerned, Indian exporters can have an advantage over the supplies from Russia to European nations

India and Canada set to relaunch free trade agreement talks

During April 2021-January 2022, Indian exports to Canada increased to $3 billion, up almost by a fourth as compared to a year ago.

Budget assumptions prudent, will help macro-fundamentals to hold-up: CEA

Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.

Factory output grew by just 1.3% in January despite favourable base

Omicron-led lockdowns across the country reduced demand for goods and services

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

India's GDP growth expected at 7.8% in fiscal 2023, says Crisil

India's gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil.

Morgan Stanley expects India's CAD to widen to 10-year high

Morgan Stanley expects the April RBI policy to mark the process of policy normalisation with a reverse repo rate hike.

Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings

S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.

We should cross $40 billion export-mark this year: Textiles Secretary

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

Cash dominates India playbooks as markets recoil from oil price shock

Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds

NSO organises training workshop for 79th Socio-Economic Survey

The National Statistical Office (NSO) is organising a three-day training workshop from Tuesday for the 79th Socio-Economic Survey which will also cover awareness of the AYUSH systems of medicine. The All India Workshop of Trainers (AIWOT) for the NSS 79th round of its Socio-Economic Survey will be organised at National Statistical System Training Academy (NSSTA), Greater Noida from March 8-10, an official statement said. The subjects under coverage in this round are Comprehensive Annual Modular Survey (CAMS) and AYUSH Survey. NSO and the State Directorates of Economics & Statistics will carry out the survey programme jointly for a period of one year, it added. The CAMS schedule is designed to collect information required to generate some important socio-economic indicators, demands for which have increased significantly during past few years. The survey on AYUSH in this round is going to be the first survey of its kind. The main objective of this survey is to get an idea about the

Ukraine war will have impact on Indian economy: FM Nirmala Sitharaman

The ongoing Russia-Ukraine war will certainly have an impact on the Indian economy, Union Finance Minister Niramala Sitaraman said on Tuesday.

Female utilisation of AB PM-JAY at 46.7% from Oct 2019 to Sep 2021: Study

Female utilisation of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) services stood at 46.7 per cent from October 2019 to September 2021, according to a new study. Manipur, Nagaland, Mizoram, Bihar, Chhattisgarh, Goa, Puducherry, Lakshadweep, Kerala and Meghalaya have a higher number of Ayushman Cards issued for women as compared to their male counterparts, the study showed. Apart from expanding and creating a network of almost 27,300 private and government hospitals, AB PM-JAY has also greatly contributed in shifting the gender paradigm with over 42 per cent of beneficiaries availing treatment under the scheme being women. The study on 'gender' under AB PM-JAY from October 2019 to September 2021 reveals that female utilisation of AB PM-JAY services stood at 46.7 per cent of the total utilisation. States like Karnataka, Andhra Pradesh, Chhattisgarh, Mizoram, Meghalaya and Sikkim observed higher female utilisation under AB PM-JAY than male for the stipulated period of

Ukraine crisis could disrupt India's spending plans, recovery: Report

ebruary's budget was based on an average oil price of $75 to $80 a barrel for the fiscal year starting from April 1, but Brent briefly soared on Monday to nearly $140, its highest in over a decade.

Best of BS Opinion: The coming storm, reopening risks, and more

Here are the top BS Opinion articles of the day

Foreign portfolio investors accelerate selling as oil prices shoot up

Further selling could test domestic investors' nerves: Analysts