Page 252 - Indian Economy

Confederation of Indian Industry projects FY22 GDP growth at 9.5%

Rising medical expenditure has squeezed incomes and demand. But recovery is on the cards. Global growth and macroeconomic stability will support trade and investment flows.

India, Brazil have competing views on inflation: One of them must be right

Which of the two approaches proves most effective will shape the lessons a generation of officials take from the pandemic.

Advance tax collection surges 146% despite Covid-19-led economic disruption

Net direct tax mop-up zooms 100% till June 15

Mazagon Dock Shipbuilders puts Rs 2K-crore greenfield capex on hold

The company plans to continue with its annual maintenance capex of Rs 100 crore for FY22

Coal drives Railways' freight biz as demand from power plants perks up

As power plants rush to hoard coal ahead of peak summer demand, coal production and its movement has also increased

Exports jump 46% to $14 billion so far in June on shipment growth

Imports too rose by 98.33 per cent to $19.59 billion during the period, the data showed

Almost 92% casual workers didn't get wages during lockdown: SWAN survey

The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them

Modi addresses VivaTech, says India offers what innovators, investors need

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Three reasons why farm sector growth may be nearing its LPA in FY22

Farm Sector Growth: Swift progress of southwest monsoon, sharp surge in govt procurement and general uptrend in commodity prices this year could deliver better numbers

Best of BS Opinion: Rising inflation risk, Centre's GTR in 2020-21 & more

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

Covid-19 crisis: Nearly 10,000 mobile retail stores shut in the past year

The north India region, the largest market among all four zones of the country, has seen the worst, according to market analytics platform PredictiVu, with close to 10 per cent of outlets closing

Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn

On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019

Dangers of a wrong diagnosis

Indirect taxes are now higher than direct taxes. But cutting indirect tax rates to address this will amount to barking up the wrong tree

Rising inflation risk

Ignoring it for long could increase longer-term costs

Early signs of recovery in rural India

Betw­een March and May, consumer sentiments in rural India fell more than twice as much as in urban India

Best of BS Opinion: New idea of India, BJP is as safe as a big bank & more

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

Finmin asks ministries to work out govt guarantee plan for FY'22

The finance ministry has asked all ministries and departments to assess the government guarantee requirement for the current fiscal and submit a prioritised list.

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

Inflation tax masquerading as dividend income

What we have is effectively a tax though it is subtle and non-transparent as it is collected indirectly through the RBI.

Retail inflation jumps to 6-month high of 6.3% on higher food, fuel prices

Breaches RBI's comfort level in May on the back of costlier food items