Page 255 - Indian Economy

A monetary policy of continuity with change

This time, RBI's rate-setting body is not only talking about sustaining growth but also reviving it

Best of BS Opinion: Structural weakness, the mirage of self-reliance & more

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

Best of BS Opinion: The bull ride, catch up on 5G mindset, and more

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

Financial inclusion a top priority for govt, says Union Minister Thakur

Union Minister Anurag Singh Thakur on Thursday said financial inclusion is a top priority for the government and that promoting financial education would help in realising the collective potential. He was speaking at a virtual event to launch six modules of short films of Investor Education & Protection Fund Authority (IEPFA) titled 'Hisaab Ki Kitaab', according to an official release. Thakur is the Minister of State for Finance and Corporate Affairs. IEPFA comes under the corporate affairs ministry. The mandate of IEPFA is to build investor awareness among various stakeholders in the rural and urban areas. Due to the digital global community, the urban-rural divide in India is blurring. Yet the behaviour change in the rural populace with respect to investment and long term financial planning needs to be triggered, the minister said. Noting that financial inclusion is one of the top-most policy priorities for the government, Thakur said promoting and deepening financial education

India's market capitalisation to GDP ratio at 115%; highest since 2008

Combined m-cap of all listed firms has doubled since last March to Rs 226.5 trillion

CEA K V Subramanian expects green shoots ahead of festive season

The economic activity can come back once the pandemic related strictures are removed, Covid-appropriate behaviour becomes a part of life and the pace of vaccination accelerates

Expect over 9.5% GDP growth in FY22: Axis Bank's chief economist

Vaccination holds the key on the growth front going ahead, he said, warning that if the inoculations fall short, it can shave off 1 percentage point from the GDP growth estimate

Disputed decline in power dues

The amount of money that remained outstanding after 45-to-60 days of grace period given to the distribution companies fell to about Rs 67,300 crore, over 20 per cent lower than what it was a month ago

The farm factor

Agri sector did quite well in a pandemic year

Structural weakness

India needs to overhaul the tax system

Divergence in revenue estimates due to early Budget or lack of discipline?

Provisional actuals of the Budget for 2020-21 have once again varied sharply from the revised estimates. The variation provides fiscal cushion, but also raises several questions

May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug

Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November

Cabinet secy-led panel wants PLI scheme revamp to boost manufacturing

Suggests institutional mechanism, regular hand-holding for firms

Indian economy resilient, to rebound on strong fundamentals: Anurag Thakur

Thakur said reforms undertaken, and strong fundamentals ensured India is witnessing a 'swift' rebound from a contraction of 24.4 per cent in April-June 2020 to a growth of 1.6 per cent Jan-March 2021.

The bull ride

Retail exuberance keeps stock markets going

Thakur hits back at Chidambaram; says economy will rebound on reforms

Minister of State for Finance Anurag Thakur on Wednesday said India's growth will rebound on the back of consistent reforms and strong fundamentals.

Coronavirus disaster leaves deep psychological scars on India's economy

Banks begin to slash FY22 growth forecasts; personal credit defaults and unemployment rising

GST was notified with horrendous rates of tax: Congress leader Chidambaram

Congress leader P. Chidambaram has slammed the union government for converting the GST to a bad law, saying it was notified with horrendous rates of tax

2020-21 darkest year in four decades: Chidambaram on economy, growth

Congress leader P Chidambaram said that most Indians are poorer than they were two years ago with most economic indicators being worse for the period. He said that 2020-21 has been "the darkest year of the economy in four decades". Watch the video for his statement on economy.

Nomura remains overweight on India; Infosys, RIL, ICICI Bank among top bets

Going ahead, Nomura said, markets will focus more on corporate earnings rather than the broad economic growth in India