Page 64 - Indian Economy

Inflation expected to average 4.5% for current fiscal year: CRISIL

Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year. "Assuming a normal monsoon, we expect food inflation to soften, while non-food inflation could see an uptick but is expected to remain soft on the back of benign commodity prices," CRISIL said. The rating firm said that consumer price index (CPI) inflation moderated marginally to 4.75 per cent in May from 4.8 per cent in April 2024. "Non-food categories pulled down the headline inflation, but what is worrying is the relentless inching up of food categories, cereals and pulses", the CRISIL report said. Food inflation had stayed above 8.5 per cent for four months now, and non-food inflation continued to offer some respite, it said. The report maintained that there could be some rebalancing in domestic demand in the current fiscal with rural demand catching up with urban consumption. According to the report, the expectation of an above-n

4 offshore crypto exchanges join queue for nod to restart India ops

FIU-India has lifted ban from Kucoin while proceedings on Binance's application are underway

L&T Finance's rural business finance book reaches Rs 25,000 crore

Non-bank lender aims to scale up loan against properties

Skill ministry to train 150K women under PMKVY in first 100 days

Along with skilling, MSDE will concentrate on promoting apprenticeship in the country, with around half a million new apprentices being engaged

FY25 fiscal deficit of 20 major states to be lower than budgeted: Axis Bank

The Finance Commission had allowed states to borrow up to 4-3.5 per cent of Gross State Domestic Product in FY22-23, with unused limits usable up to FY25

Consumer mkt presents long-term structural opportunity: N Chandrasekaran

TCPL chairman says India continues to be a strong growth market

On table: Eye on prices of 16 more food items to protect 'garib ki thali'

Interim Budget-FY25 proposed to spend over Rs 43 crore for strengthening price monitoring cells at Centre and states

Outward FDI remain almost flat at $2.0 billion in May, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

NDA govt likely to present full FY25 Budget in second half of July

The finance ministry is likely to begin the consultation process for the Budget with various ministries and stakeholders next week

India to remain fastest-growing among largest economies, says World Bank

For FY26 and FY27, the World Bank projected India's economy to grow at 6.7 per cent and 6.8 per cent respectively

Govt restricts import of gold jewellery and parts amid unusual surge

The jump in imports has been the sharpest in the case of gold jewellery parts that saw 30 times jump to $1.55 billion in FY24 from $51.51 million a year ago

India's strength amid global equity caution will persist: Ridham Desai

Desai says commitment toward fiscal consolidation and push for infrastructure, manufacturing and deep tech will be the key things to watch out for in the Union Budget

World Bank working paper advocates increased devolution for Panchayats

Empowering ward members (WMs) within village councils, who currently lack financial resources and act merely as rubber stamps, is another recommendation

Ather Energy promoters Tarun Mehta, Swapnil Jain set to drive stake 6-7% up

Fresh equity infusions before the company takes the IPO route

India Inc calls for bolder, progressive reforms as PM Modi begins 3rd term

Business leaders are also holding high hopes from the upcoming Union budget

Busting dark patterns, mediation on agenda of consumer affairs ministry

DoCA will create a platform to put consumers in touch with officials to help resolve their grievances before they reach litigation stage

Global ambition takes wing, but challenges ahead for new aviation minister

The new minister must navigate conflicting demands while considering potential geopolitical ramifications

Implementing labour reforms may prove tricky for new coalition govt

While the four labour codes have already been passed by the Parliament, implementing them could prove tricky for the new coalition government led by prime minister Narendra Modi

A new beginning

Don't let coalition be a constraint for growth

New government unlikely to tweak trade policy

The Prime Minister is quite capable of managing such an outcome through negotiations and persuasion