Page 226 - Indian Economy

Agencies may have to pay GST on service charges collected on govt's behalf

This follows a ruling by AAR Telangana on the matter, which also ruled that neither services provided by agency to govt, nor services provided on govt's behalf to businesses are exempt

Changing economic order

India needs to do more to tap global markets

Job posting activity in saw stable monthly growth of 1%: Report

Compared with August, September saw a stable monthly growth of one per cent in job posting activity this year, according to the Monster Employment Index by Monster.com, a Quess company.

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Some capital will flow out of India if US Fed does any tapering, warns IMF

Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact

Need of the hour is to focus on supply-side reforms, says RBI

Says policy support for sustained, inclusive recovery may be needed for longer

RBI says longer policy support is needed for sustained economic recovery

Earlier this month, RBI monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus only gradually

Recovery tracker: Slowdown in power generation, freight activity

Essential shopping up with rising pharmacy and grocery visits

Will economic stress and hunger lead to political change?

Will economic distress affect how people perceive the role of the political class as a whole, and judge how they responded to their suffering?

Oil alarm: India's oil import bill at 67% of FY21 in just 5 months of FY22

The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil prices may pose a challenge for the government in FY22 to maintain fiscal discipline

FPIs turn net sellers in markets in Oct so far, pull out Rs 1,472 cr

A trend reversal was witnessed in the debt segment in October from the big buying in the previous two months when FPIs had invested Rs 13,363 crore in September and Rs 14,376.2 crore in August

India's economic reforms seen as "positive step" by Biden admin: Sitharaman

"The reforms that we have undertaken, particularly the steps taken for the withdrawal of the retrospective tax has been mentioned by the United States administration as a very positive step," she said

India's electricity demand picks up in Oct as coal shortage lingers

India's electricity demand grew 4.9% during the first half of October, with supply falling short of demand by 1.4% despite a 3.2% rise in coal-fired generation and 30% rise in solar output

India to remain accommodative in its monetary policy: RBI governor

India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said

India's economy gradually recovering, but beware of inflation: IMF

Says gradual cut in monetary support will foster orderly market transition

States must step up capex, says RBI governor Shaktikanta Das

Quality spending can have multiplier effect, says Das

Festival cheer and beyond: Admirable sangfroid in the face of negative news

The government's recent spate of programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, notes T N Ninan

India committed to bring economy on path of fiscal consolidation: FM

The Indian government remains committed to bring the economy on the path of fiscal consolidation in the near-to-medium term, setting the target to reduce fiscal deficit to 4.5 per cent by 2025-26

Sound fiscal consolidation can boost India's rating outlook: Gita Gopinath

In a Q&A, the chief economist at IMF says that high frequency indicators for the third quarter of Calendar 2021 indicate momentum in India's economic recovery

Speed and strength

Gati Shakti shows the intent, but hurdles remain