Page 249 - Indian Economy

Best of BS Opinion: India's data deficiency, question of compliance & more

Here are the best of Business Standard's opinion pieces for Wednesday

Oil prices 'very challenging', need them to sober a bit: India to Opec

Ahead of a meeting of oil producers' cartel OPEC, India on Tuesday said the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy. Oil Minister Dharmendra Pradhan, who last week again urged OPEC to phase out its production cuts, said India is a price-sensitive market and it will buy oil wherever it gets competitive rates. The rebound in international oil prices from lows hit last month on the back of demand recovery has led to a spike in petrol and diesel retail prices in India. Fuel rates are at record highs across the country and petrol has crossed Rs 100 a litre mark in about a dozen states and union territories, while diesel is being sold at over Rs 100 a litre in Rajasthan and Odisha. "Today's price is a very challenging one," Pradhan said at BNEF Summit. "I am persuading my producer friends" for a reasonable price of oil. He said he had a very good discussion with OPEC ...

E-way bill generation picks up pace in June as states start unlock process

E-way bill generation rose by 22.6 per cent in the week ended June 27 at 14.6 million compared to 11.9 million in the previous week

India's data deficiency

Govt should collect and release timely economic data

BS Number Wise: How many years have we lost to coronavirus?

One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21

Five drugmakers to jointly start local trial of Merck & Co's Covid-19 drug

(Reuters) -Five Indian generic drugmakers, including Cipla and Dr Reddy's Laboratories, said on Tuesday they would jointly conduct a clinical trial in India for Merck & Co's experimental anti-viral drug to treat mild COVID-19 in non-hospitalised patients.

S&P Global cuts India's growth forecast to 9.5% from 11%, trims EM overall

LONDON (Reuters) - S&P Global cut its growth forecasts for some of Asia's top economies including India, the Philippines and Malaysia on Monday, offsetting upgrades to China and South Africa and much of Latin America.

Gadkari emphasises on all-round efforts for Aatmanirbhar Bharat initiatives

Minister for MSME and Road Transport and Highways Nitin Gadkari has emphasized that all-round efforts are required for implementation of various initiatives undertaken as part of Aatmanirbhar Bharat

Top headlines: Govt's Rs 6.3 trn package, upGrad to join unicorn club

Business Standard brings you the top headlines on Tuesday

Best of BS Opinion: The credit push, post-Covid economy, and more

Here are the best of Business Standard's opinion pieces for Tuesday

Booster dose: Govt unveils Rs 6.3-trillion package to spur growth

Includes credit guarantee schemes, steps to revive tourism, strengthen health infra

The post-Covid economy

There is a strong case for the government to shift its attention from the economy to public service management

The credit push

Relief package is well-intentioned but won't move the needle much

Experts doubt India's new loan guarantees will boost economic growth

Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient to boost economic growth.

Indian economy showed signs of cooling in May before gaining momentum

A slew of data from services activity to automobile sales pointed to lack of demand last month, which in turn kept the needle on an overall activity indicator unchanged at 6.

Inadequate planning

PLI schemes are being spread across too many sectors

A sharp turnaround

India Inc remains cautious after a robust Q4 performance

Focus on reforms needed to ensure sustainable growth

Successive governments continued this policy till the priorities were shifted in favour of inclusive growth in 2004

Govt's Rs 50K-cr Fund of Funds scheme for small businesses hits Sebi hurdle

The move will help such small businesses get listed on the domestic bourses as well

Statsguru: What bank deposits data tells us about Covid disruption

Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.