BUSINESS
Backseat for reforms as capex, expansion of Ayushman Bharat on anvil
With less than a year for the general elections, the government’s focus is on ensuring that the Rs 10 lakh crore allocated for capital expenditure is spent.
BUSINESS
Private sector investment picking up, expect GDP to grow 6.7% in FY23-24: CII President
With sectors like steel, cement, machinery, hotels and airlines seeing more than 80 percent capacity utilisation, R Dinesh feels private sector investment has come back.
BUSINESS
Economists look at FY24 with cautious optimism
Blockbuster growth numbers for Q4, FY23 not nudging economists to revise their forecasts upwards just yet
BUSINESS
What did the economists miss in India’s GDP estimates?
The country's GDP in FY23 stood at 7.2 percent, which is lower than the growth rate of 9.1 percent in 2021-22.
BUSINESS
India's consumption to remain under pressure if inflation persists
Why India’s tepid private consumption growth at 2.8 percent for Q4 should be a worry for policymakers
BUSINESS
Modi@9: A pandemic, war, vaccine drive and stabilising the economy
Reforms undertaken in the first term of the Modi government and focus on infrastructure creation helped India overcome the crises posed by the pandemic and the war in Ukraine. Will India Inc. now step up to the plate?
BUSINESS
Tax collected at source increase: A move to expand tax base?
The changes have led to a furor among taxpayers. Unofficial estimates suggest the government could possibly add a few thousand crore rupees to its coffers, but many have slammed the move as regressive.
BUSINESS
MC exclusive | Inequality fell because incomes declined: Arvind Panagariya
In his latest paper, Arvind Panagariya, Professor of Economics, Columbia University, and former VC, Niti Aayog, dispels claims of a large rise in poverty in rural and urban India post the Covid-19 pandemic.
BUSINESS
Government audit of Invest India faults decline in investment conversion rate
According to part of the report accessed by Moneycontrol, the steady decline started even before the onset of the pandemic and that was a “cause of concern.”
BUSINESS
Deepak Bagla steps down as MD & CEO of Invest India
Moneycontrol has learned that Deepak Bagla stepped down after a Ministry of Commerce audit raised questions over the work accomplished by Invest India.
BUSINESS
Arvind Panagariya seeks more liberal stand on trade barriers
The economist and former NITI Aayog chair says India has work to do on international trade, and that when MNCs locate themselves in India, they have to be competitive in the global economy
BUSINESS
Modi will win a third term in 2024, toilets, bank accounts, water to be key: Panagariya
According to the political economist, the Prime Minister is free of anti-incumbency, his popularity has only grown and the opposition looks more fragmented.
BUSINESS
MC Exclusive | India’s slightly undervalued currency is its strength: Salvatore Babones
The RBI’s strategy of a slightly undervalued currency is providing India with macroeconomic stability. George Soros has attacked countries with overvalued currencies, the development economist and professor said.
BUSINESS
MC Exclusive | Not Make in India, but agri reforms to drive India’s growth: Salvatore Babones
India can accelerate its growth to becoming an upper middle-income economy by focusing on increasing agricultural productivity, says the associate professor at University of Sydney
BUSINESS
CCI hits refresh, reboots for new-age economy
The 2022 Bill provides that the members of the CCI and selection committee for the members shall now also include those with specialised knowledge and “professional experience” of technology.
BUSINESS
It is a challenging number, the reduction to 4.5, but it is feasible. It's difficult, but feasible
In an interaction with Shweta Punj of Moneycontrol, the finance secretary shared the thoughts that went into drawing up the document, and nuancing between the known unknowns and unknown unknowns.
BUSINESS
No off-Budget borrowing in FY24, says Finance Secretary TV Somanathan
The Budget for 2023-24 has estimated the Food Corporation of India’s Internal and Extra Budgetary Resources (IEBR) at Rs 1.45 lakh crore
BUSINESS
Public FIs have very small exposure to the Adani group; No impact on deposit & policy holders: Finance Secretary
He said that any issues pertaining to the group will be dealt with by the regulator, and that it does not affect India as an investment destination.
BUSINESS
Budget 2023: GIFT City gets a big boost as govt ends dual regulation, announces several sops
The slew of measures to promote business activity at the financial hub include a single-window IT system for registration by various regulators including RBI and Sebi.
BUSINESS
Economic Survey 2023: Rebound in domestic consumption impressive
India’s economic resilience powered by a domestic stimulus: Economic Survey
BUSINESS
Economic Survey 2023: ECLGS borrowers had lower NPA rates
ECLGS was launched with a corpus of Rs 4.5 lakh crore that was subsequently enhanced to Rs 5 lakh crore, with a special focus on enterprises in hospitality and related sectors.
BUSINESS
India staged a full recovery in FY 22 –ahead of many nations -- but rupee depreciation challenge persists
The survey stated that the challenge of a depreciating rupee persists with the likelihood of further increases in policy rates by the US Federal Reserve.
BUSINESS
Meet the backroom men behind the Budget 2023-24
The multi-person operation that spans several months is spearheaded by finance secretary TV Somanathan and Arvind Shrivastava and PK Mishra from the Prime Minister’s Office
BUSINESS
India’s growth rate should be in the range of 6%: HDFC Chairman Atanu Chakraborty
Economic growth will be helped by domestic consumption as well as inflation, which is expected to become more benign in the second half.
