BUSINESS
Arvind Kejriwal's Delhi is big on education and subsidies, but low on capex
Delhi's allocation for health and education for FY25 is higher than the average spending by states in 2023-24, but on roads and bridges the outlay is lower at a mere 2.6 percent.
BUSINESS
No immediate 'hot money' worries over bond inclusion given low FPI presence
According to a finance ministry official, whether inflows through the bond market can even be considered "hot money" is questionable given that FPIs in FAR securities are nowhere near a level that is worrying.
BUSINESS
India needs to factor in risks to growth from uncertain US inflation, dollar outlook: CEA Nageswaran
"Global financial stability is an important risk factor we have to face in the coming years. It is a risk factor that has not yet played out which we need to factor in given our own state of market valuation in India," Nageswaran added.
BUSINESS
India's youth needs to be AI-ready to avoid huge dislocations, says CEA Nageswaran
Weighing in on the issue of employment, the CEA said that the quantity of youth covered by India's education system is no more a challenge, but learning outcomes are.
BUSINESS
India may further ease FDI norms once the new govt takes charge: DPIIT Secy
The government is mulling quick reforms in certain areas to enhance the ease of doing business in India, ahead of the World Bank Group's revamped ranking, which is expected to be released soon.
BUSINESS
After FM Sitharaman, DPIIT secretary defends PLI incentives, subsidies for chip makers
DPIIT secretary Rajesh Kumar Singh said critics are losing sight of the fact that the aim of the PLI scheme is to ensure strategic autonomy and reduce dependence on insecure supply chains.
BUSINESS
DPIIT secy asks India Inc. to prepare for lower tariff regime in the long run
Industry secretary Rajesh Kumar Singh said given that India is negotiating key FTAs currently, the government may become a "little less conservative" in its approach, seemingly referring to their stance on tariffs when in talks with other countries for trade pacts.
BUSINESS
FM Sitharaman doubles down on govt's focus on manufacturing despite scepticism from former RBI guv Rajan
Finance Minister Nirmala Sitharaman said India needs to have greater sophistication in product making and assess how best the sector can be given policy support, adding that expanding manufacturing will also help the country achieve its goal of being a self-reliant economy.
BUSINESS
Uncertain inflation path may keep bond yields above 7%; more buybacks likely in May
The finance ministry had expected yields on the 10-year benchmark paper to fall below 7 percent given the sharply lower borrowing programme for the current fiscal.
BUSINESS
India has enough firepower to check dumping of Chinese goods: Official
China remained India's top import-source nation in FY24, accounting for 15.1 percent of total inbound shipments during the previous fiscal followed by Russia that was a distant second.
BUSINESS
India's merchandise trade deficit swells to $19.1 billion in April as gold imports triple
While exports rose by 1.1 percent from the year-ago period to $34.99 billion in April, imports shot up by 10.25 percent at $54.09 billion, the commerce ministry said on May 15
BUSINESS
India may become dumping ground for Chinese goods as US raises duties on EVs, chips: GTRI
Higher duties on Chinese face masks, syringes and needles, medical gloves and natural graphite provides a significant opportunity for India, GTRI also added
BUSINESS
All bets on timely, widespread rains to cool food inflation
The upcoming monsoon season is exceedingly important in terms of easing food prices given that the Reserve Bank of India (RBI) cannot do much to influence food supply management, Emkay Global's Madhavi Arora points out.
BUSINESS
Retail inflation marginally eases to 4.83% in April, but food prices continue to rise
Food inflation rose 8.7 percent in April, compared with a 8.52 percent rise in the previous month
BUSINESS
Not just China, Chabahar Port win may help India counter Suez crisis, delays in IMEC
According to India Ports Global (IPGL), Chabahar can emerge as a potential global trading hub – and an arena for geopolitical competition. It may also allow India and Iran to reduce their dependence on the Suez Canal for transporting cargo to Europe.
BUSINESS
India’s industrial output growth slows to 4.9% in March as mining production loses steam
For FY24, India's Index of Industrial Production (IIP) stood at 5.8 percent against 5.2 percent in the previous year.
BUSINESS
MC Poll: CPI inflation seen easing slightly to 4.8% in April
Even if inflation eases marginally in April, it will be the 55th month in a row that it would be above the RBI's medium-term target of four percent. The central bank is keen to bring it down to the target on a durable basis.
BUSINESS
Centre may marginally miss FY24 revised capex target
Since the pandemic, the Centre has been focusing on boosting expenditure on infrastructure in a bid to improve the quality of public expenditure. In fact, the push towards capex is expected to continue in FY25 with the government allocating Rs 11.1 lakh crore.
BUSINESS
CPI inflation should continue to head towards 4% target: CEA Nageswaran
Speaking on the trajectory of headline retail inflation, Nageswaran said that at the moment there is no scope "for nasty upside surprises".
BUSINESS
India, Ghana agree to operationalise UPI in 6 months
UPI payments can already be made in countries such as France, UAE, Sri Lanka and Mauritius
BUSINESS
Ram Mandir visits, aggressive capex drive Uttar Pradesh's impressive GST revenue growth in April
According to Pratik Jain, Partner and National Leader for Indirect Tax in PwC, UP’s focus on capital expenditure may be boosting its revenues, especially given roads and infrastructure construction involves GST levies on several levels such as contractors and cement that adds to the state’s kitty.
BUSINESS
India’s heat stroke-inducing summer is boosting its GST treasure chest
Experts believe that the record-high GST collections for April can be connected to various demands arising from hotter summers as more Indians purchased air conditioners and executed that long-pending trip to cooler destinations.
BUSINESS
Congress apprenticeship scheme could generate jobs for India's burgeoning youth, economists say
Rathin Roy, Visiting Senior Fellow at global affairs think tank ODI says the new apprenticeship scheme could be a step towards addressing India’s skilling challenge by incentivising labour and may roughly cost a modest Rs 1 lakh crore annually.
BUSINESS
Escalating quality concerns threatens half of India's spice exports: GTRI
The private trade research think tank warns that If China, and other ASEAN nations follow suit influenced by the actions taken by Hong Kong and Singapore, it could impact 51.1 percent of India’s global spice exports, valued at $2.17 billion.
