Page 254 - Indian Economy

Covid impact: World Bank slashes India's FY22 GDP growth forecast to 8.3%

The Washington-based global lender noted that in India, an enormous second Covid-19 wave is undermining the sharper-than-expected rebound

BS Number Wise: Cash is king, once again. Should you be worried?

A BS analysis shows that a crisis leads to a higher demand for money, which is complemented by an increase in currency in circulation

Top headlines: WB pegs India's FY22 GDP at 8.3%; Piramal faces a new hurdle

Business Standard brings you the top news of the evening

Equities offer best risk-reward in current environment: Validus Wealth CIO

He tells Ashley Coutinho, in an interview, that a quicker-than-expected reversal in easy monetary conditions could sap the liquidity that has elevated asset price valuations

Recovery tracker: Spike in mobility, traffic pointers as people go out more

Other weekly economic indicators also show signs of gains

Why GDP data is irrelevant to markets

Technology has changed how we collect data and which data set is more reliable

Kejriwal urges people to follow Covid norms, help bring economy on track

With the unlocking process initiated in the national capital, Arvind Kejriwal warned against laxity and urged people to take all precautions to prevent Covid infection

Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more

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

Statsguru: A decline in growth poses risks to govt's fiscal forecast

While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.

Wholesale price index makeover on the cards, base year to be 2017-18

Green tea, sanitisers among items in bigger basket

Targeting growth

RBI should not underestimate risks

No green shoots: New investment projects fall in FY21, lowest since FY05

In FY05, this level was a part of the increasing trend witnessed since FY03

GST collections fall to an 8-month low in May; exceed Rs 1 trillion-mark

The goods and services tax collection stood at Rs 1.02 trillion in May compared with a record high of Rs 1.41 trillion in April and Rs 1.24 trillion in March

FM Nirmala Sitharaman says macroeconomic fundamentals are sound

The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

Monetary policy: Inflation trend not persistent at this time, says RBI

On petrol and diesel prices, coordinated action by the states and the Centre is needed, says Governor Das

Monetary policy: RBI keeps rates unchanged, cuts growth forecast

Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2

RBI monetary policy: Pursuing growth in times of high inflation

The RBI officials stated the MPC believes that inflation is 'not persistent' and that there is 'no thinking' about policy normalisation

Fund-rich banks unlikely to use RBI's special window of Rs 15,000 crore

The RBI has decided to set up a special liquidity window of Rs 15,000 crore for contact-intensive sectors

That dream house: Real estate has some opportunity waiting to be tapped

If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, writes T N Ninan