POLITICS
Rajya Sabha Vice-Chairman Sasmit Patra suggests gradual shift to new Parliament building
The authorities may test the capacity of the new parliament before shifting the functioning of both houses there, Patra suggests.
BUSINESS
It’s going to be a noisy monsoon session: Rajya Sabha Vice-Chairman Sasmit Patra
Political parties are gearing up for the upcoming poll season. The key states of Rajasthan, Madhya Pradesh and Chhattisgarh are due to go to the polls towards the end of this year and India will vote to elect its next government in early 2024.
BUSINESS
GST council must distinguish between betting-related, skill-based online games: Former CBIC chair
A blanket approach of viewing all online games to be the root of the problem, says John Joseph. The GST council is expected to take up the issue of taxation on casinos, race courses and online gaming at its next meeting in July
BUSINESS
Will an extended pause by RBI hurt the economy?
Economists expect the Reserve Bank of India’s rate-setting panel to hold rates until early next year. But higher rates could hurt consumption in Asia’s third-largest economy.
BUSINESS
MC Interview | MPC to hold wait-and-watch mode before pivot to easing, says DBS’ Radhika Rao
The rate-setting panel’s three-day policy meeting concludes on June 8 amid expectations it will retain the benchmark policy repo rate for the second consecutive time.
BUSINESS
Private investment picking up in some sectors but financing, global woes may muddy outlook
India’s private investments have been lagging despite the recent clean-up of bank and corporate balance sheets, as well as record capital expenditure by the government.
BUSINESS
Rajasthan’s free power offer set to worsen its stressed fiscal position
The western state’s finances are among the most under strain in the country.
BUSINESS
India's May manufacturing PMI rises to 31-month high
The manufacturing PMI has now spent 22 consecutive months above the key level of 50.
BUSINESS
Recovery may cool off but GDP surprise will help RBI pause
While the RBI insists that the pause in hiking rates in April was not a pivot, rate cuts could be on the anvil as muted domestic and global demand could lead to loss of growth momentum.
BUSINESS
Why did economists miss the January-March GDP growth upswing?
Economists’ consensus forecast for January-March GDP growth was off by one percentage point. Moneycontrol tries to understand why this may have happened.
BUSINESS
Is the external sector boost to GDP sustainable?
In the January-March quarter, weak external demand and fall in commodity prices squeezed import and export values, adding 1.4 percentage points to growth. But growth will slow down in the coming few quarters as fiscal policy turns slightly less supportive and external conditions remain weak.
BUSINESS
Growth upside surprise good news but risks persist for this fiscal year, experts say
Economists are holding on to their growth forecasts for FY24 despite a better-than-expected outturn in FY23. Most expect growth to be lower than RBI's projection of 6.5 percent for this fiscal year.
BUSINESS
Cabinet approves scheme to boost foodgrain storage capacity
The scheme will use cooperatives across India to set up new warehouses.
BUSINESS
Challenges for market borrowings to persist but RBI to ensure smooth completion
RBI also aims to develop mobile application for improving the ease of access for retail investors under the Retail Direct Scheme, according to the annual report.
BUSINESS
Must sustain fiscal consolidation to rebuild policy buffers, ensure debt sustainability, RBI says
Digitisation could aid in greater formalization, widening the tax base to generate necessary resources to undertake developmental expenditure, the RBI says in its annual report.
BUSINESS
RBI annual report: Indian economy likely to grow at 6.5% as inflation cools off
Slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth, the RBI says in its annual report.
BUSINESS
UK India Business Council sees big opportunity in defence, manufacturing tie-ups with India Inc; says FTA on track
The UKIBC is helping companies seeking to move their supply chains to India, especially in manufacturing and advanced manufacturing, its CEO Richard McCallum says.
BUSINESS
Modi at 9: Braving rough seas to gear up for $2-trillion export target
The country has met its most recent export target and aims to more than double outbound shipments in the next seven years.
BUSINESS
RSS affiliate says Rs 2,000 note withdrawal to hit black money
Ashwani Mahajan, National Co-convener of the Swadeshi Jagran Manch, says that the withdrawal of the high denomination notes is the logical follow up to demonetisation.
BUSINESS
Economy is slowly but surely recovering, yet no room for complacency: RBI staff
With a gradual normalisation of the hit from the pandemic and the war is setting in, growth in the first quarter of FY24 could be driven by private consumption.
BUSINESS
Domestic demand to lay foundation for capex cycle despite global risks, finance ministry says
Strong economic activity witnessed recently, including investment activity despite higher interest rates, underscores the strength of demand in the economy.
BUSINESS
Rs 2,000 withdrawal to boost fight against corruption, says BJP’s Gopal Agarwal
Agarwal said the move is in line with Prime Minister Narendra Modi’s vision on eradicating corruption completely.
BUSINESS
RBI’s Rs 2,000 note withdrawal to have little impact on economy
The wide window for deposit and the lower amount of the high-denomination note in circulation will soften the economic impact, economists say.
BUSINESS
MC Explains | Why El Nino won’t derail India growth story
Fears of the weather phenomenon hurting the rural economy may be overdone, economists say
