BUSINESS
India's inflation target may need a rethink in the face of global trends: MPC's Ashima Goyal
The government of India decides the inflation target for the rate-setting panel for a period of five years.
BUSINESS
US commerce secretary: India can become part of entire electronics supply chain
US Secretary of Commerce Gina Raimondo is in New Delhi at the invitation of Commerce Minister Piyush Goyal.
BUSINESS
Why manufacturing is critical to bring more women into formal workforce
Manufacturing growth has been the major driver of higher female employment in Asian countries ranging from Taiwan to Vietnam to Bangladesh.
BUSINESS
Why is China targeting lower growth in 2023?
China has set its 2023 growth target at a lower-than-expected 5 percent despite lifting its zero Covid policy. Moneycontrol lays out the reasons why this may have happened and looks at a key challenge going ahead.
BUSINESS
Fed is set to hike rates to 6% or more. Will RBI follow suit?
Hopes of the Federal Reserve ‘pivot’ have faded on the back of robust economic data. Markets fear the Fed funds rate could rise to over 6 percent.
BUSINESS
Sticky inflation to keep dollar higher for longer, says ING
With the Federal Reserve likely to raise rates thrice more, the greenback will be supported, battering emerging market currencies like the rupee.
BUSINESS
Why emerging market central banks may begin rate cuts by mid-2023
Several emerging markets were ahead of the curve in raising interest rates after the ultra-accommodative pandemic era. Now they could be the first ones to start cutting them.
BUSINESS
Junior finance minister rules out setting up of independent fiscal council
In India, successive Finance Commissions have recommended the formation of a fiscal council but governments have rejected the proposals.
BUSINESS
Budget 2023: PAN as unique identifier to boost single window utility, says govt official
Finance Minister Nirmala Sitharaman proposed in Budget 2023 that PAN will be used as the common identifier for all digital systems of specified government agencies.
BUSINESS
FM Sitharaman on trade deficit with China: You have to look at both sides
FM Nirmala Sitharaman interview: We should be conscious not to have to consume things which come overly from only one destination but that doesn’t mean that I am imposing any view
BUSINESS
Budget 2023: Finance Minister Sitharaman strikes a fine balance. There's something for everyone
The finance minister had the tough task of balancing several competing needs, while inflation kept pinching the pockets of the middle class and small firms still trying to wriggle out of the pandemic blues
BUSINESS
Economic Survey 2023: Govt should meet FY23 budget deficit target, stay on medium-term fiscal path
The budgetary reforms introduced by the Union Government in the last few years will support attaining the fiscal policy targets, the economic survey said.
BUSINESS
Economic Survey 2023 may peg FY24 GDP growth at 6-6.8% | MC Exclusive
The Economic Survey for 2022-23 could project a broad range for FY24 growth because of the uncertain global macroeconomic and geopolitical situation
BUSINESS
Budget 2023: Fiscal house has to be in order, inflation is biggest macro threat, says India Ratings’ Devendra Pant
Budget 2023 expectations: While the RBI has raised rates sharply, fiscal deficit also needs to come down to ensure inflation remains in check, according to the chief economist at India Ratings & Research.
BUSINESS
Budget 2023: Govt needs to worry about boosting its tax-to-GDP ratio, says Rathin Roy
India needs to tap the home-market demand to boost its medium-term growth back to above 8 percent, the former member of the Economic Advisory Council to the Prime Minister said.
BUSINESS
Budget 2023 | RSS affiliate Swadeshi Jagran Manch against PSB divestment
SJM Co-Convener Mahajan believes how banks are run, not who owns it, is what matters. He’s against selling the “family silver” as the larger state-run banks are not draining the treasury.
BUSINESS
Budget 2023: RSS affiliate seeks protectionist measures to counter China
The government should significantly increase tariffs in the upcoming budget, Ashwani Mahajan of the Swadeshi Jagran Manch says.
BUSINESS
India to do better than most Asian peers due to policy steps, lesser reliance on China, says ING
India will continue to climb the rankings of FDI destinations in 2023 and the long pending inclusion of Indian bonds on global indices will fill a gap left by the exclusion of Russian bonds, ING has said
BUSINESS
Budget must keep fiscal policy accommodative; consolidate without affecting recovery: NIPFP’s Chakraborty
Fiscal consolidation through tax buoyancy rather than expenditure compression will be a relatively less painful path towards economic growth recovery, according to Lekha Chakraborty.
BUSINESS
Budget 2023: The 7 people who will decide your financial future on February 1
FM Nirmala Sitharaman and her number crunchers in North Block will yet again need to tread a fine line, needing to choose between stimulating growth and containing inflation and external risks in the year before the general election
BUSINESS
Budget 2023 must target fiscal consolidation while supporting specific sectors: NIPFP’s Pandey
Given the uncertain global environment, Finance Minister Nirmala Sitharaman also needs to focus on capex, as also on labour-intensive manufacturing.
BUSINESS
Interview | MPC in agreement about bringing inflation quickly down to 5%: Jayanth Varma
According to Varma, the MPC can be 'relaxed' in lowering inflation to 4 percent from 5 percent if growth is in trouble
BUSINESS
India’s China import conundrum
India’s growing economy will need to continue to rely on imports of key inputs in the foreseeable future but PLI schemes and move towards self-reliance should help ease the burden
BUSINESS
Budget 2023: Govt may target fiscal deficit of 5.7-5.8%, unlikely to cut income-tax rates, says Elara Capital’s Garima Kapoor
Budget 2023: The capex cycle in select sectors could sustain despite the weakening global economy as the drivers are policy driven, says the economist.
