Page 242 - Indian Economy

RBI hints at normalising ultra-loose policy, bond yields jump to 6.24%

This was the seventh consecutive occasion when the central bank maintained a status quo on policy rates

RBI retains real GDP growth projection at 9.5% for 2021-22 as Covid-19 ebbs

The RBI on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started normalising with the ebbing of the second wave of the virus

RBI keeps rates unchanged amid policy dissent on lower-for-longer stance

Policy makers voted 5-1 in favor of keeping the stance accommodative, a departure from the past when they were unanimous on the need to support growth amid the pandemic.

Retrospective tax was indefensible; burying it shows pragmatism

Institutional arrogance in taxation has cost India dearly in terms of its image as a business-friendly, rule-driven country

Explained: Behind the disconnect between stock market and economy

The divergent trend surprised many, with the issue reaching Parliament

Subdued revenue spend may hit economic recovery, say economists

Experts say reduction in revenue expenditure may not result in capex rise

India's economic recovery 'delayed' not 'derailed': L&T chief A M Naik

Says given the scale of India's infra deficit, the company is optimistic about govt's intent to complete projects as envisaged in the National Infrastructure Pipeline

Centre should be more into free-spending policies: Abhijit Banerjee

Banerjee heads West Bengal's Global Advisory Board (GAB) and advises the state government on issues related to the pandemic

Economy recovering at fast pace from recent lows of April, May: PHDCCI

At this juncture, it said, there is a need to further fuel the drivers of household consumption

Lockdown effect: Service activities decline for 3rd straight month in July

The rate of contraction fell as the index rose to 45.4 in the month from 41.2 in June

Services activity shrinks to 45.4 in July, contracts for 3rd straight month

Activity in India's dominant services industry shrank for a third consecutive month in July as restrictions to control the pandemic hit demand, with companies turning the most pessimistic in a year

Tax mop-up doubles in the first quarter but transfers to states shrink

Devolution accounts for just 22% of gross tax revenue in the first quarter

Total debt expected to increase to 61.7% of GDP in FY'22: Minister

The government informed Parliament that it expects the total debt as percentage of GDP to increase to 61.7 per cent (provisional) in 2021-22 from 60.5 per cent (provisional) in the previous fiscal.

Inflation risks

RBI should give a near-term road map for policy normalisation

BS Number Wise: Tax mop up shines through fragile recovery

Direct-tax-to-GDP ratio in the first quarter of 2021-22 increased to 5.14 per cent, compared with 3.29 per cent over the last two years

Consumer sentiments improve in July

The July recovery in consumer sentiments is not only substantial but it is also spread evenly and robustly across regions

Monetary policy meet: RBI likely to focus on liquidity management

The RBI's 2021-22 growth forecast is likely to remain unchanged at 9.5 per cent year-on-year

India PMI manufacturing up at three-month high in July as lockdowns ease

Jumps to 3-month high after June contraction; marginal rise in jobs

Inflation angst spreads to India bonds as Reserve Bank downplays risk

RBI is widely expected to leave its key rates unchanged on Friday and continue with its easy monetary stance

Small business suffer as banks shut current accounts after RBI circular

State-owned lenders welcome 'need for discipline' but their private competitors say business is suffering